Property prices in Bulgaria to continue increasing gradually
Property prices in Bulgaria would continue increasing, though the percentages would be lower than the ones registered for 2004 and 2005, head of the National Real Property Association (NRPA) Orlin Vladikov said.
Prices would depend on the quality of construction work, location and nearby infrastructure, Bulgarian news agency BTA reported.
Only luxurious property in Bulgaria could reach the price levels in European capitals and resorts, Vladikov said.
In 2005 nearly 250 000 property deals were concluded in Bulgaria. The upcoming EU entry of the country was expected to play an important role in developing the property market and increasing the demand for office property, real estate agents said.
Central European Real Estate Associations Network (CEREAN) vice-president Eli Moneva said that the prices of property would go up but the net revenue from real estate deals was expected to decrease.
The property return rate at the moment was nine per cent but was expected to decrease to the regional average of six to seven per cent, Moneva said. Competition and the higher construction expenses were responsible for the development, she said.
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Saturday, November 22 2008
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What`s on in Bulgaria
Art
GONE WITH TIME What: Rada Tsankova has chosen this title for her solo exhibition because her paintings pose the following question: Are we the ones who go through time, or does time pass through us? It’s an eternal question and the discussion is intimate. When: Until November 20 Where: Rakursi,4a Khan Kroum Str, Sofia
NEW YORK-BRUSSELS-SOFIA What: In Edmond Demirdjian's paintings the dynamics are evident as well as the unique rhythm of his colours that succeed in conveying the intensity of New York. When: Until November 28 Where: Edmond Atelier,21 13-I March Str, Sofia
Live Music
HAGGARD and EXCITER in METAL MAYHEM What: For the first time in Bulgaria the symphonic thrash metal band from Germany, Haggard and the legendary Canadian outfit Exciter will hit the stage together. They will be joined by Remember Twilight and Balkanjii. When: November 20, 6pm Where: Blue Box club, Sofia
TEREN Music Parties What: Elements of Feelme Crew have been very active on the musical Tereni and there will be a lot more from them in the future. Teren (which translates into English as terrain) is Bulgarian slang for a house party. When: November 22, 10pm Where: Party Centre 4KM, Sofia
AL Di MEOLA QUARTET - NEW WORLD SINFONIA TOUR 2008 What: The 2008 World Tour by guitar virtuoso Al Di Media and his quarter New World Sinfonia will culminate with two performances in Bulgaria. When: November 22 and 23 Where: Plovdiv and Rousse
MIZIA: THE LISBON SONG (JAZZ) What: In her latest project, Susana Maria, aka Mizia, has returned to classical fado - the nostalgic, heartbreaking soulful sounds of the Portuguese capital’s dimmed and noisy taverns. When: November 29 Where: Bulgaria Hall, Sofia
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