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Four billion euro in foreign investments entered Bulgaria in 2006, equal to 16 per cent of the GDP of the country, Austria's Die Presse said.
One third of these investments were in the real estate market.
As a result, prices increased, though real estate was not expected to bring any significant profit over the next five years. Profits from sales of office properties were expected to be seven per cent, from retail property eight percent and from storage property nine per cent.
Real estate in Bulgaria was more expensive than in Romania, Die Presse said.
No trend of increase of property prices was to be expected either. The crisis in the US mortgages market made investors more cautious.
Still, there was no reason to believe the Bulgarian market would ‘overheat’ and demand remained relatively high, Die Presse said as quoted by Focus news agency. |
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12.03.2008
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14.02.2008
- Bulgarian property sector to post even growth in 2008
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12.10.2007
- WORLD BANK: BULGARIAN ECONOMY IN THE TOP 10
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05.09.2007
- CONSTRUCTION OF BULGARIA’S BOROVETS NEW LIFT BEGINS
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12.06.2007
- BULGARIA MAINTAINS LEADING POSITION IN PROPERTY MARKET ATTRACTIVENESS RANKING
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05.06.2007
- UK BUYERS STILL DRAWN TO BULGARIA'S PROPERTY OFFERS - REPORT
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25.04.2007
- RESIDENTIAL PROPERTY PRICES IN BULGARIA UP 22.6 PER CENT IN FIRST QUARTER OF 2007
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20.04.2007
- Sunny Beach Ltd started preparing the Black Sea resort for the upcoming summer season.
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20.04.2007
- ROMANIAN TOURISTS TO SPEND MAY HOLIDAYS IN BULGARIA- ROMANIAN TV
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20.04.2007
- HOUSEHOLD INCOME IN BULGARIA UP 8.6 PER CENT IN 2006
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29.03.2007
- YET ANOTHER PROPERTY BOOM EXPECTED IN BULGARIA AND ROMANIA
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23.03.2007
- THREE LOW-COST AIR COMPANIES START FLYING TO BULGARIA BY JUNE 2007
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16.03.2007
- BEYRLE: BULGARIA HAS HIGHER INVESTMENT POTENTIAL THAN WHAT IT SHOWS NOW
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16.03.2007
- LATVIA AND BULGARIA’S PROPERTY MARKETS SHOW GROWTH POTENTIAL
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