Russians again on the Bulgarian Real Estate Market

90% of the buyers of vacation properties in Bulgaria are Russians. This was announced today in Sozopol by Nikolay Pehlivanov, the executive director of the investment company Green Life. Clients of Bulgarian property no longer ... More

34% Increase of Real Estate in Sofia

The price of houses and apartments increased by 34% in Sofia, although they are lower than the average levels in the region, ProntoSofia writes referring to information of the Italian weekly Economy. According to the issue the ... More

40M euro retail park to open in north-east Bulgaria

Real estate investment company Greenfield Bulgaria, operating in Bulgaria and Romania, plans to invest 40 million euro in building a commercial park in Turgovishte, reported. The planned park is 100km north-east of ... More

Foreign investment in real estate growing in Turkey

Foreign investors have spent over 10 billion dollars on property in Turkey over the last five years according to the latest available figures reported by daily Hurriyet. The amendment of the Foreign Direct Investment Law, which ... More

Igman Hotel not to be sold for less than BAM 3.5 million

After a series of failed tenders, Sarajevo Canton Privatization Agency is still engaged in direct negotiations with a bidder interested in buying the derelict Igman Hotel on Igman. Agency head Namzija Pipic says that if the ... More

Company "Colliers Interanational" opened office in Novi Sad

Famous US company "Colliers Interanational", one of the world's three most famous real estate companies, has opened the office in Novi Sad today (July 9, 2008), which is the third office of this company in Serbia (the other two ... More

Grand Arena trade center opens by the end of the year

Grand Arena trade center will be opened in the fourth quarter of this year, in Berceni neighbourhood, becoming the first mall in South Bucharest, announced yesterday, in a press conference, the developer Euroinvest Intermed, a ... More

Serbian army sells real estate

The Serbian army could sell in short terms units of real estate whose value is estimated to some 2 billion euro, the Chief of the General Staff of the Army of the Republic of Serbia, General Zdravko Ponos, said. Some twenty ... More

Coldwell Banker launched Banker Mortgage in Romania

The real estate company Coldwell Banker Romania has recently launched the free consulting service Coldwell Banker Mortgage, which provides the clients the option to get funds for real estate investments, Rompres reports.By ... More

Arabs to Build Hotels in Bulgaria

An Arab investor is soon to start building hotels and holiday complexes in Bulgaria. The Kuwaiti M.A. Kharafi Group are setting up a new investment holding to deal in real property and tourism in Eastern Europe. Sovereign ... More

"Delta" took over management of hotel "Continental"

Company NBGP Properties, owned by "Delta Holding", has announced today (June 26, 2008) that it officially took over the management of Belgrade-based hotel "Continental". According to the announcement, they will also manage the ... More

Remaining property of Loznica's "Drina" for sale

Serbian Privatization Agency has scheduled the second auction for sale of property of Loznica-based public company "Drina" in bankruptcy for July 10th. The property of that company includes Trade Center, of which starting ... More

Delta is founding a real estate fund

The Company that runs investment funds, Delta Investments, announced that it is going to found an closed-end real estate fund in the second half of 2008. The director of the development department in Delta Investments, Tijana ... More

U.S. co Heitman eyes City Center Sofia mall

U.S. real estate investment management firm Heitman is the most likely new owner of the City Center Sofia shopping mall in the Bulgarian capital a source told Dnevnik. Heitman is involved in the business end of the sale talks ... More

Continental Hotels sells Ibis hotel from Constanta

Continental Hotels will sell Ibis hotel from Constanta in a lease-back transaction, which means that it will buy back the entity in leasing from a company specialized in such transactions, the president of Continental Hotels, ... More

Real estate consulting market doubles in 2007

The leading players on the real estate consulting market managed to preserve their turnover growth rate last year, after the revenues of the top 5 players reached 50 million euros, double the results witnessed in 2006, and four ... More

Bloom Properties invests EUR 10 bln into real estate projects, including in Romania

Bloom Properties from UAE intends to invest, in the next three to five years, USD 10 bln into real estate projects in the local market, such as Romania and Algeria, according to the company general manager, Hani Shammah, cited by ... More

Bulgaria Military Repair Factories to Be Sold

"Terem Khan Krum - Targovishte" is one of Bulgaria's eight military repair factories whose majority shares to be sold to strategic investors. Photo by The Bulgarian company Terem owning the country's factories for ... More

Germany's ECE Projektmanagement kicks off Varna shopping mall scheme

Germany's ECE Projektmanagement, a leading developer of inner city shopping centers in Europe, has launched its third project in Bulgaria, the Cherno More Park shopping mall in Varna, on the Black Sea. The 50,000 sq m ... More

Russians selling mansions in Zavala yet to be built

In peninsula Zavala in Budva, near a hotel of more than 20 stories, Russian investors will build luxurious mansions for sale. Mirax group, which was presented as the main investor for the project by the local governments of ... More