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Properties in Bulgaria Managing Director
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Bulgaria Ranked 4th Top Real
Estate Investment Destination
June 23, 2009
has been ranked as the fourth top destination for real estate
investments globally in a survey of the properties website
survey has researched the opinion of foreign investors about the
most appropriate country for purchasing real estate property at the
present moment, the Pari Daily has reported.
ranking is topped by Iraq with 44,6% of the respondents; Croatia is
second with 17,9%, followed by Costa Rica with 16,1%.
Bulgaria is ranked fourth with 12,5%. It is
followed by Romania with 8,9%.
Experts Recommend Buy to Let for
Properties in Bulgaria
of the residential properties in Bulgaria are going down faster than
the rents, so experts recommend buy to let.
This is what the credit institution,
Creditex, reported based on information provided by real estate
agents, the Pari Daily announced.
According to Creditex experts, the
co-relation between both prices is important reference point for the
Bulgarian real estates market. The average current residential
properties profitability is 4,5% in the first half of 2009, while in
the last six months of 2008 it was 4,1%.
The redeemability of such investment is
measure through the so called "gross rental multiplier". It shows
the number of month rents, by which the investment will be returned.
The lower the index is, the better the redeemability is, and the
faster the investment will be returned.
The index for the first six months of
2009 is 209,4 months - a decrease from 237,3 months in the second
half of 2008.
The reasons for the increasing
redeemability of residential properties are the lack of adequate
financing from the financial institutions, which makes the prices go
down, and the rise of the interest towards renting apartments,
instead of buying them.
The increase of the current residential
properties profitability since the beginning of 2009 shows that the
most critical moment of the real estate crisis is may be passing,
and the first signs of realties market recovery and stabilization
are appearing, experts form Creditex
Creditex is non-bank, financial
institution, specialized in business mortgage crediting, which has
been on the market five year now. It is part of the registered in
Holland, TBI Financial Services B.V.
Bulgaria Property Market Favors
July 15, 2009
80% of the
real estate sales of residential properties during the first half of
2009 involved finished units.
two-bedroom apartment priced below BGN 50 000 sold the fastest while
owners of a three-bedroom one in an area with active construction
waited two to three months and in most case had to lower the initial
data belongs to the brokerage agency Address and is based on sales
in the moths of May and June because in the first 4 months of 2009,
real estate activity had been so insignificant it had been
impossible to define any particular trends.
According to the agency the prices have dropped to
their realistic levels without collapsing.
price reduction of residential properties is 23% average for the
entire country while in some areas of the biggest cities housing has
been so overpriced that the cost is down by over 30%.
is still a market for the motivated seller," Address
Designer's Apartment Featured On
BravaCasa Magazine Could Be Yours
July 22, 2009
High-end 100% unique designer's apartment (featured on June
issue of BravaCasa Bulgaria) with very attractive location in the
most prestigious residential suburb of Sofia (Bulgaria Boulevard,
next to Festa Barcelo Hotel).
The apartment is situated on the fifth
floor of a new modern building.
It is a spacious 100 m2 open-plan
apartment (13.33 m in length!) - completely fitted and furnished
with custom-made designer furniture and high-end appliances (white
and black), having private garage.
The balcony faces South with panoramic
views to the Vitosha Mountain.
Please contact us for full details on the
above designer's apartment for sale.
*The above information
courtesy of novinite.com and propertiesinbulgaria.com