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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
The Collective’s 100 Chairs: the new open-air space in Sofia
The temporary space will house outdoor events until October and raises wider questions around the beautification of neglected urban places
The week: Bulgaria’s economy is (surprise, surprise) doing very well, the real estate market - not so much, and some dolphins get religious
Don’t do stupid shit and things are going to get better
2022 starts with a 100% increase in real estate deals in Nessebar and 9% in Sofia
Nessebar joins top 10
Bulgarian cities’ plans for the next 7 years: between dreams and reality
Spending plans of Plovdiv, Stara Zagora, Varna and Burgas are dominated by old ideas
The week: Borissov arrested, Central Bank chairmanship tears the coalition, Resilience Plan still not ok
Former PM Borissov arrested, Guerilla war over BNB shakes the coalition and the Plan is still NOT alright