National Real Estate Association
New Rise of Property Prices in Bulgaria
In addition to the prices of basic food products and household bills, the prices of real estate in Bulgaria are also going up.
According to a study by Nova TV in Burgas, the wave of refugees from Ukraine is affecting the real estate market - Russians are selling and Ukrainians are buying or renting housing.
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Bulgaria: Rental Costs Plummet, Pandemic Left Many Commercial Areas Vacant
Tenants' rental costs have fallen by at least 10%. The decline is registered countrywide, explained Dobromir Ganev, Chairman of the National Real Estate Association in the "Before All" talk show on BNR
The occupancy rate of the apartments meant for short-term rental for tourism purposes has decreased dramatically, experts report.
One of the Biggest Real Estate Investors in Bulgaria Sells its Brokerage Business
Arco Vara AS will sell 100% of its subsidiaries Arco Vara Kinnisvarabüroo AS (Estonia) and Arco Real EOOD (Bulgaria) to the management teams in the two countries, according to a release on the company's website. The two companies will continue to work under Arco's trademarks as well as use databases and other intellectual property under an agreement signed for 5 years.