Real estate

Croatia's State Office for State Property Management, DUUDI, on Wednesday published a report on the 56 biggest and most strategically valuable state companies and associations for the first half of 2014.

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By Ilias Bellos

The entry of new foreign investors flirting with Greek real estate looks set to be strengthened by the possible opening of another major US realtor’s office in Greece, following reports that Hines has been conducting talks in this country for months.

Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation on loan foreclosures, the island’s government said on Thursday.

By Evgenia Tzortzi

The issue of extending the foreclosure protection period for financially troubled homeowners struggling with debts will form part of the government’s negotiations with representatives of the country’s international creditors in Athens at the end of the month.

The Ukraine crisis and the sanctions against Russia are already affecting Bulgaria's vacation properties sales on the Black Sea coast, reports Investor.bg.

According to the analysis, sales of vacation properties to Russians, who were the most numerous buyers, and as a whole, are already dropping.  

International lenders will withhold the next payment in Cyprus’s 10-billion-euro bailout unless the island’s Parliament passes a crucial law this week speeding up foreclosures of nonperforming banks loans (NPLs).

International lenders will withhold the next payment in Greek Cyprus’s 10 billion euros bailout unless parliament this week passes a crucial law speeding up foreclosures of non-performing banks loans (NPLs).

By Evgenia Tzortzi

The coalition government appears determined to extend the agreed foreclosure protection period for first homes and vulnerable social groups, even if unilateral action is required in the event that the country’s creditors, known as the troika, do not consent to the initiative.

The sales of Bulgarian seaside real estate to Russian citizens has dropped by 30% since end of July, reports the Nova TV national channel. 

According to real estate brokers, the story with the British buyers repeats – suddenly the interest of Russian buyers dissipated and some of the owners are already trying to sell. 

Bulgaria’s Specialized Criminal Court has released Hristo Hristov, Mayor of Varna’s Mladost residential district, on a bail of BGN 3000.

Hristov was arrested early on August 13 on suspicion of participating in real estate fraud schemes.