Rental housing deals increased with 12%

Deals for rental housing have increased with 12% until October 2008 compared to the same period last year. The main reason for that is the decrease in buying houses because of the crisis and the lack of clarity for the market development.Increasing percentage of the potential

Bulgaria is third in the EU growth of construction in September

Bulgaria ranks third in construction growth in the European Union in September. Compared to the same month of last year the sector grew by 17.7 percent. For the third quarter of 2008 compared with the same period of 2007, the increase in the volume of the construction sector is

Congress Tourism Is 6%-8% of Bulgaria's Tourism Sector

Between 6% and 8% is the share of the congress tourism services in Bulgaria's tourism sector. The data was announced Thursday by the Deputy Director of Bulgaria's State Tourism Agency Svetoslav Novakov, who pointed out the country was not famous around the world as a congress

Commercial property sector in Bulgaria has potential for development

Business properties in Bulgaria have an unexhausted potential for development, notes a report on trends in the market of commercial properties market in 2008, prepared by Simeon Mitev, director of the company "Re / Max Chance Group". The report presents observations

Slovenia's Mercator to rent space in Sofia's Mega Mall

Slovenia’s largest food retailer Mercator will rent space for a hypermarket in the Mega Mall in Sofia, currently under construction, deal consultant Raiffeisen Imoti, the real estate arm fully-owned Raiffeisenbank's Bulgarian subsidiary, said on November 17.Mega Mall is

Bulgaria Economy Registers 5,6% Growth in 2008

The growth of the Bulgarian economy is 5,6% compared to the same period of 2007, according to preliminary data published by the Bulgarian National Statistics Institute (NSI).The data further reveals that the Gross Domestic Product (GDP) of the country for the third trimester of

Crisis in Bulgaria: slight decrease and difficult loans

Growth of the economy next year will be 4.7 percent said the government. Some economists prognosticate, it will be below 4 percent, others believe the opposite - that it would remain high as this year's. Clash also in the forecast for extra 2 marks - a rise in unemployment and

2/3 from the Bulgarian banks with growth in earnings

In the background of loses in the world financial sector, banks in Bulgaria make high profits. That is shown in the reports of the credit institutions from the end of September 2008, published in the website of the Bulgarian National Bank. 2/3 from the Bulgarian banks declare a

30M euro open-air mall planned for Bourgas

Developer ZBS plans to begin construction on the first open-air mall in Bulgaria in March 2009. The investment in the new shopping centre is estimated at 30 million euro.The Strand mall would be built on a six ha plot near the highway to Sofia, next to a Baumax hypermarket,

Super Borovets to apply for eco certificate

The main investor in the new Super Borovets mega ski resort is to apply for an EMAS (Eco-Management and Audit Scheme) eco certificate which guarantees that all work, products and services will be done in accordance with the highest European eco standards. The Eco-Management and

Property market in Sofia remain stable

Despite credit crisis, the large influx of people play each year to the Bulgarian capital Sofia, maintain high demand for housing in the city. New homes remain the most sought this year after them are ordered panel housing and large-area shuttering, data supplied by real estate

100% of the areas in Mall Plovdiv are already rented out

The new Mall Plovdiv managed to let all its trade areas out and on the first day of opening it will be full.The fast renting of all 110 trade areas brings calmness and makes the team to feel well and continues working on the other two mall projects in Bulgaria – Mall Stara