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The week: Some good vibes for Christmas; Lukoil suddenly is very cooperative; The curious case of Bulsatcom
Last K Insights newsletter for 2022
Rents going up more slowly than housing prices
Home rents increase, following the rise in mortgage payments, incomes and inflation.
What are the hidden risks with pre-construction contracts
With this kind of contract a future owner promises to sell a building that does not yet exist
Nikola Stoyanov, Luximmo: Bulgarians are buying real estate abroad, especially in Greece, Dubai and Spain
The richest are attracted to the French Riviera and more recently the alpine resorts, the founder and manager of a high-end real estate agency tells "Capital"
Schneider Electric to expand Bulgarian smart factory with 60 mln euro investment
The project will increase the capacity of the production facility in Plovdiv by 30%
The top ten owners of office buildings in Sofia
They own 600 thousand square meters of offices in Sofia or half of the total available 1.24 million square meters of class A areas in the capital.
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
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
Top 5 Bulgarian hotel investments in Greece
Three five-star complexes, a campsite with villas and smaller hotels
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
Changed designation of agricultural land. Is it still for development?
The new status is bound with time limits and loses legal effect in case of inaction
The increase in real estate deals is slowing down in the second quarter
Activity in Bulgaria’s real estate market is beginning to decline. In Sofia, the number of sales of real estate practically stopped going up in April-June 2022
JLL chooses Avalant as its Bulgarian representative for offices deals
All main global players have now entered the property consultancy market in the country
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 week: water, migration, elections and a new King of Britain
K Insights 9/9: Bursting riverbeds, election apathy, and the Rolex priest warns of materialism
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