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K10: The best banks of 2022
Unicredit Bulbank ranks first in Capital’s ranking, displacing the other traditional champion DSK from the top
How Bansko turned into a digital nomad hub
The Bulgarian ski resort attracts foreigners because of its low taxes, affordable prices and proximity to the mountains
New residential buildings hit a 10-year record in Bulgaria
Four out of five newly constructed buildings are houses, with the average area of the dwelling rising to 110 sq.m in 2022
The week: Bulgaria’s favorite decade, the euro-effort is shot in the leg, and banks are doing great
The past still has power over us
Housing loans in Bulgaria rank among the EU’s cheapest
Over-liquidity at local banks and the BNB’s policy ease the ECB tightening
Nexo’s troubles, Bulgaria refuses to close coal plants, Lukoil returns
Prosecution goes after cryptobank, no chance of gov’t and coal to stay until 2038
Growth in housing prices in Plovdiv, Varna and Burgas
In the two seaside cities deals increased at the beginning of 2022, but in Plovdiv their number decreased slightly
Rents going up more slowly than housing prices
Home rents increase, following the rise in mortgage payments, incomes and inflation.
The housing market: the top is near
High demand and low supply drive prices up. War, weakening economies and rising mortgage rates may cool down the market
The week: Weapons promises, foreign agents and budget in the red
Guns for Ukraine - it’s official, sort of; Still no government in sight, a nuclear reactor is shut off
Demand for housing in Burgas is greater than supply
New construction projects now expand the city towards the mainland - and some of them are quite large
First drop in real estate deals in Bulgaria since the pandemic
The number of property sales falls 7% year-on-year in the third quarter, with the contraction in Sofia twice as big
Gabrovo continues to promise good yields from properties
There are deals with one-bedroom apartments for renovation for about 70,000 BGN in the city center and about 55,000 BGN in the neighborhoods. However, the supply is very limited and is mostly socialist-era housing
Belgian company buys Suite hotel in Sofia to make a hub for working nomads
The owner of Melexis Bulgaria, Duchatelet, and his trusted football manager Catherine Mer bought the Suite hotel, located in Sofia’s Studentski Grad district.
The Wolf, PIMK strike deal in Sofia’s Studentski Grad neighborhood
The Plovdiv-based transport and construction group has bought land with a construction permit for a residential building from Rumen Gaitanski’s Wolf company for 11.3 million BGN
Radev’s revenge, the looming deficit and a frog
Reality is back with a vengeance, GDP keeps growing, and our Real Estate report is out
A new model: a company builds apartments for lease
AG Capital plans to build 1,000 apartments for this purpose. Then the company will sell them to a fund in a package
