LS Property to invest 450M euro in Bulgaria

LS Property, one of the major investors in Bulgaria Mall in Sofia, announced plans to develop a number of projects in Bulgaria for a total of 450 million euro, website investor.bg reported, quoting the company's executive director Miles Summerfield.For Bulgaria Mall alone, the

Sofia Mayor Borisov and Chief Architect marked the start of the construction of Bulgaria Mall

Today the construction of Bulgaria Mall officially started. The mall will be located on the junction of the “Bulgaria” and “Todor Kableshkov” boulevards. The first sod was turned officially by the mayor of Sofia Boiko Borisov and the capital’s chief

Chedi luxury hotel brand coming to Bulgarian golf resort

GHM, the owner and manager of a hotel portfolio of highly regarded properties such as The Datai and The Setai, said it would open a hotel in Bulgaira under its upscale brand Chedi. The local Chedi hotel will be part of the Thracian Rocks golf resort near Kavarna on the Black

Irish Air Lingus to fly Dublin Sofia

Irish low-cost airliner Aer Lingus announced it would start a new twice weekly service between Dublin and Sofia for its winter 2008 schedule, along with new services to Hamburg, Newcastle,Salzburg and Agadir . In addition, the company will increase the frequency of flights to a

Expensive Properties Force Bulgarians Draw Bigger Credits

The average credit has increased by 44,33%, CreditCenter data shows. The withdrawn loans for the first 6 months of 2008 reached an average of around 44 800 EUR. In comparison, for the same period of 2007  Bulgarians have drawn an average credit of around 31, 100 EUR. The

Foreign investments reign over Bulgarian property developments

Foreign investors have a 97 per cent share of the total investments in Bulgarian commercial buildings, according to consultant company King Sturge, as quoted by website investor.bg.In Sofia and some other big cities there are pleanty of examples of completed developments,

Bulgaria in budget flights boost

Property owners in Bulgaria could be about to see increased interest in their properties.Low-cost airline easyJet has announced that it is introducing direct flights from North-West England to the Sofia in response to ‘high consumer demand'. The airline believes that the

Bench Mark Fund Estates took 26.5 million Euro bank loans.

According to latest message of the Bulgarian Stock Exchange, yesterday Bench Mark Fund Estates entered into a contract for bank loans with total value of 26.5 million Euro.Through its representative office in London, the Nation Greek Bank gave to the fund a loan of 25 million

Arco Real Estate: The trade areas market is progressing

At the moment the market of trade centers in Bulgaria has an upward trend, concluded the experts from Arco Real Estate.In 2008, investments in trade and business centers seem to be very attractive. Saturation of the market of trade centers could be expected after 2010, in case

More than 11 000 new apartments started in the Q1

11 437 apartments in the country with total built-up area of more than 1.548 million sq.m have received construction permits during the Q1, said from the National Statistical Institute (NSI)Bourgas area is still a leader with 394 permits for development of 2354 residences, Sofia

Hungarian development company SCD Holding planning entering Bulgaria

Hungarian development company SCD Holding revealed plans to expand its activity in the countries from Central and Eastern Europe including Bulgarian property market.Among the countries are Bulgaria, Romania and Croatia.Efforts of the company will be directed to the trade and

The prices of holiday real estates will fall

The real estates market in Bulgaria is generally stable towards the world’s financial crisis but still there are signals for decreasing of the interest for holiday properties. The reasons are mainly the reduced external demand and appreciation of the bank loans, indicates