The increased interest towards Bulgaria as a holiday destination and the boom in the Bulgarian properties market has firmly put Bulgaria in the European property market map. Compared to other European popular holiday and property destinations Bulgaria offers outstanding value for money. Bulgarian properties prices for new developments range between €50,000 to €80,000. Houses inland sell [...]
Continue reading...7. September 2008
Bulgarian home prices gained more than 30 per cent year-on-year in the second quarter of 2008, placing the country atop the global index of UK-based property consultancy Knight Frank, released on September 2. Meanwhile, the number of countries with a price decrease is increasing. Price growth is slowing down in Western Europe, unlike Asia and Eastern [...]
Continue reading...7. September 2008
The Bulgarian residential property market has slowed in recent months however many industry experts believe that the lull is only temporary. The slow growth in the Bulgarian property market is due to several factors – over-supply of new housing, unfavourable credit terms, and overpriced properties on the market. Despite this, experts believe that the market will [...]
Continue reading...31. August 2008
Big stores with more than 500 m2 searching increases, but the supplying of quality areas for renting is little, especially in the country. Contractors are looking for well equipped warehouse areas with a must truck approach, some are looking for railway connected areas with the possibility for loading and unloading platform. About a hundred of stores with [...]
Continue reading...30. August 2008
Russian citizens are looking for a luxury vacation flats and villas in Bulgaria, but the supply of such type of areas is very small. However the number of Russians still cannot balance the withdrawal of Irishmen and Englishmen from our vacation property market. Currently Russians are not a figure on the market. The reason for that [...]
Continue reading...28. August 2008
Kustendil, Plovdiv and Smolyan are leaders among Bulgaria’s regional cities by the price increase of apartments, according to statistical data for the second trimester of the year 2008. Prices in Kustendil have gone up by 14,9% while those in Plovdiv and Smolyan are up respectively by 13,2% and 12,7%. The sales of apartments in complexes in the [...]
Continue reading...27. August 2008
On 10-th October in Sofia will begin the next BalPEx property exhibition, which will be placed in the Inter Expo Center and will last till 12-th October. Investors and agencies from South-East Europe will be represented there. Exhibitors are expected to be over 130 in number. A day before that in Sheraton hotel a conference [...]
Continue reading...Fri, Sep 5, 2008
About 150 000 Romanians came to Bulgaria for their vacation in the summer of 2008, according to data published in the Romanian press.
The total number of Romanians who went abroad for a summer holiday in 2008 is 700 000. Greece remains the most popular destination for them with over 250 000 Romanian tourists.
The number of Romanians who visited Turkey over the summer registers the highest growth. Romania’s Black Sea coast was visited by 100 000 foreigners in summer 2008.
Tue, Aug 26, 2008
According to the annual edition of Economic Analysis of OBG The Report: Bulgaria 2008 the tourist sector continues to play an important role in Bulgarian economy creating new jobs and providing a steady stream of foreign tourists in the country.
The tourist industry provides 14% of GDP (Gross Domestic Product) and is a valuable source of foreign currency, which is extremely necessary to balance the budget. The sector also plays an important role in the labor market, providing 371 000 jobs in 2007, accounting for 12.3% of the total number of jobs in the country
Mon, Aug 25, 2008
91 new hotels were completed in Bulgaria during the second quarter of 2008 according to data of the National Statistical Institute released Monday.
Thus, the total number of hotel and hostels in the country has reached 2 643, with a total of 105 500 rooms, and 234 000 beds.
39% of all hotels with 67% of the beds in Bulgaria are located along the Black Sea coast. There are 272 hotels in the District of Burgas, 223 in the District of Varna, and 81 in the District of Dobrich.
The number of persons who stayed at Bulgarian hotels in April-June 2008 was 128 000 more than in the same period of 2007 reaching 1,3 million persons with 4,6 million night’s lodging. 33% of these were Bulgarians.
The number of guests from Malta rose fivefold, from Latvia - by 170%, from Estonia - by 130%, from Lithuania - by 65%, Poland - 53%, Slovenia - 52%, Austria - 43%.
The greatest number of foreigners, who stayed at Bulgarian hotels over the second quarter came from Germany - 19% of the total number.
The total income from hotel stays in April-June grew by 9% compared to the same period of 2007 to reach BGN 175 M.
Mon, Aug 25, 2008
About BGN 40 M will be invested in the modernization of the airport in Bulgaria’s second largest city of Plodviv.
The news was announced Monday by the Bulgarian Transport Minister Petar Mutafchiev after a meeting of the governing board of the state owned airport company.
The Plovdiv Airport, which serves as an alternative to the Airport in Sofia, will also be equipped with a blind landing system.
Modernization package includes the construction of a new terminal at the Plovdiv Airport, which will cost about BGN 38 M. Of there BGN 18 M will be provided by Alpha Finance Holding, which owns 58,08% of the airport, and the rest will come from the state budget.
According to Mutafchiev, the project must be completed before the end of the term of the present government, i.e. by the summer of 2009. After that the Plovidv Airport will be awarded a higher class.
Thu, Aug 21, 2008
According to Dragomir Domuschiev (a member of the Bulgarian associations for alternate tourism), Tourists from Europe, USA and Australia visit Bulgaria to observe animals threatened with extinction or rare plants and butterflies. He also added that annually about 5000 foreigners visit this country to enjoy the alternative tourism opportunities and visits increase every year.
Unlike the average tourist, looking for a good accommodation on the Black Sea coast and a sunshade on the beach, the alternative tourist prefers the wilderness to discover a rare bird, flower or a butterfly.
Thu, Aug 7, 2008
The airport in the northeastern Bulgarian city of Turgovishte will be rehabilitated and reopened in two years with a project that has already been approved by the Ministry of Transport.
The news was announced Friday by the Mayor of Turgovishte Dr. Krasimir Mirev, who explained the project for the reopening of the local airport would be executed in cooperation with the Airport in the city of Plovdiv, and would cost about BGN 2,5 M.
The airport was closed down about a decade ago, and its tracks are all covered in grass, and the windows of the tower, and of the adjacent buildings had been broken by marauders.
The Turgovishte Airport will initially be used for the landing of small charter planes, and then for cargo flights for all of northeast Bulgaria.
8. September 2008
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