Plovdiv property prices to add 15 per cent in 2008
The city of Plovdiv now occupies second place in terms of the number of property deals, according to a chart compiled by the Varna-based Foros real estate agency. The number of transactions in Bulgaria's second largest city reached 20 000, versus 18 000 in Varna, where the market is considered much more dynamic and the number of deals is usually above the country's average.
The combined area of transacted properties in Plovdiv topped 100 000 sq m. That figure is expected to double in 2008, Dnevnik daily reported on March 14.
Plovdiv also outpaced all other big cities in terms of downtown property prices with a 61 per cent increase last year, according to Foros' report. Rent rates in the city rose 18 per cent on average versus five per cent for Sofia and Varna.
Foros forecasts a 15 per cent hike for Plovdiv property prices in 2008. Plovdiv office property prices added 32.2 per cent in 2007, which compares with 28 per cent for Sofia. Around 55 000 sq m of retail space was placed on the Plovdiv market last year with another 300 000 sq m scheduled for delivery this year.
Another town that would see strong growth would be Rousse, Dobromir Ganev, Foros general manager was quoted as saying by the daily. The trend of Romanians buying out industrial and holiday properties in the Rousse and Black Sea region would continue in 2008, he said. Foros signed a number of transactions with agricultural land and industrial plots with Romanian residents.
In a report on Rousse's property market, Foros said prices in the Danubian city have been increasing 30 per cent on average year-on-year. Rousse pre-fab apartments registered a 39.5 per cent price hike in 2007, while old-brick apartments prices added 29 per cent in value. The banks' activity in terms of mortgages and home loans, the tourists flows, the population's increasing income and the Romanians' activity on the property market are among the factors that drove the Rousse's market development, Ganev said, as quoted by Dnevnik.
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Sunday, September 07 2008
Expat of the Week
jgidd
I'm primarily a "Musical Man" who writes folky or psychedelic songs in English and some in Bulgarian ... read more
What`s on in Bulgaria
Theatre
Apollonia 2008 Festival of Arts What: Theatre (all plays will be staged at Otets Paissii Cultural Centre). The programme is available online When: August 30 to September 10 Where: Sozopol
Cultural Institutes
DANA KYNDROVA, LIBUSI KYNDROVA, OCCUPATION, NORMALISATION, WITHDRAWAL What: A joint exhibition of photographer Dana Kyndrova and her mother, Libusi, remembering the occupation of Czechoslovakia by the troops of the Warsaw Pact forty years ago. When: June 30 to September 19 Where: the Czech Centre, 100 Rakovski Str, Sofia
Art
GERMAN COLLECTION What: This general exhibition presents works by German painters from the first half of the 20th century. Executed in the style of classic German painting, the selection presents authors such as P. Pralke, H. Zeitsser, Eggert, and Arnold Baur, among others. When: Until September 20 Where: Viga Gallery, 100 James Bourchier Blvd, (Kempinski Hotel Zografski), Sofia
LIKE MOTHER, LIKE DAUGHTER – ANI KARALAMBEVA AND NIYA ABRASHEVA What: Drawing on her experience and expertise as a long-time textile designer, Ani Karalambeva collaborates with her daughter Niya Abrasheva to create beauty in the ever-saturated world of fashion and interior design. The exhibition presents mixed media wall pa When: Until October 8 Where: Azza Gallery of Modern Art, 25 Cherni Vruh Blvd, Sofia
IN PETAR ALEXANDROV’S SCULPTED WORLD What: For inspiration to create his delicate sculptures, Petar Alexandrov has looked to the artisanship of Bulgarian ancestors, feminine beauty and one imaginary dimension inhabited by mythological creatures. In his sculptures, Alexandrov tries to capture the s When: Until September 10 Where: Minerva Gallery/Grand Hotel Sofia, 1 Gourko Str, Sofia
Live Music
KEITH EMERSON What: One of the legendary figures of UK rock in the 1960s and 1970s and progressive rock movement leader, Keith Emerson, is another exceptional musician featured this month. Emerson is famous for mixing all kinds of music styles such as classic, jazz and ethno When: September 7, 8pm Where: Antique Theatre, Plovdiv
DUNAV SESSION FEST What: Dunav Session Fest is a one-day festival in the Danube town of Silistra, in north-east Bulgaria. Lavina, Mr Hard, Fallen Angels, Eastribe, Offroad, Violentory and Response will perform. When: September 8, 5pm Where: Silistra
GIPSY KINGS What: Hot flamenco rhythms will permeate the National Palace of Culture (NDK) on September 5 when flamenco masters Gipsy Kings stage a concert in Hall 1. Mario Reyes from the legendary band Los Reyes (cousins of the Gipsy Kings) will perform with the band in So When: September 5, 8pm, NDK Where: National Palace of Culture NDK
DEAD METAL FROM NILE What: What would the Bulgarian music scene look like without some metal event? US dead metal band Nile visit Bulgaria for the first time in September. The concert is part of their first world tour as headliners. The band will be accompanied by Sweden’s Grave, A When: September 7, 5pm, Where: Blue Box Club, Sofia
Bulgaria to demolish 57 illegal buildings on seaside.. 
Theatre
Cultural Institutes
Art
Live Music