Cleves, the luxury apartment rentals company, opened on Tuesday Sofia's most expensive rentals project – Cleves Este, a sumptuous 34-apartment building in the Iztok quarter costing over EUR 10 M.
The development was nominated for Bulgaria's "Building of the Year" competition last year. Sofia airport is 10 minutes away by car, and the Interpred Metro station (Joliot Curie) is only 200m away for fast access to Sofia city centre.
EUR 2 M has been spent on the fit-out, furnishing and...
The economic slowdown aside, the high share of unoccupied office space in Bulgaria's capital Sofia – 25.4% - is the result of the deficiencies of 20 office buildings, according to a survey of Colliers International Bulgaria.
Colliers' analysis shows that a high percentage of the unoccupied office space in Sofia is concentrated in several new buildings and in specific locations in the Bulgarian capital. Thus, 63% of the unoccupied office space in Sofia is focused in 20 buildings, which have...
Bulgaria's government has decided to put up for sale a state-owned property in the German town of Bonn, saying it has gone out of use after the relocation of the embassy in Berlin.
At the moment Bulgaria houses its diplomatic bureau in Bonn, but the slot it owns there, spreading over 3099 square meters, is too large for it, the government said.
The starting sale price has been set at EUR 2.4 M.
Bulgaria's state-owned properties in Germany has often caused tensions to flare up. At the...
Unpaid mortgage has forced the sale of a hotel at the coastal complex Chaika, near the town of Varna, and its owners are looking for buyers, who will fork out a whopping BGN 2.5 M.
A check in the registry for public sales of the Bulgarian chamber of private enforcement agents shows that this is the most expensive property, whose sale has been prompted by unpaid mortgage.
“Alen Mak” hotel is owned by a Sofia-based company and spreads over 8474 square meters, including a pool and a bar....
Sofia, Bucharest and Warsaw are the three most expensive capitals in Europe when measured by the ratio of how much the average resident earns versus the cost of housing, a survey shows.
The average yearly salary in Poland, Romania and Bulgaria is only sufficient to buy a mere one or two square meters in the respective centers of each of the three countries’ capital cities, according to data of the Polish real estate company Home Broker.
With the average yearly salary, a Bulgarian...
A record amount of new commercial space was opened in Bulgaria in the second quarter of 2010, according to a report of Forton International, a property advisory company.
A total of 163 000 square meters of new commercial space was inaugurated in April-June 2010, Forton says, currently estimating the total commercial space in the country at 485 000 square meters.
The new commercial space was mostly the result of the opening of new commercial complexes and shopping malls in Sofia, Varna,...
The Bulgarian office sector faces two major challenges at the same time - the increased supply and the decreased in the demand. Anyway for some investors there is a light in the tunnel - the weak H1 in office rents is expected to be followed by the market stabilization. According to a survey of the international consultancy Colliers International the volume of rented offices in Sofia of 40,000 sq. m in H1 was in fact 20% lower than the same period of 2008 and 30% below the levels of 2007. One...
Bulgaria Translation