Apartments in Sofia and Plovdiv more expensive in the center of Chicago|
2009-03-15 23:49 News from BulgariaGazette.com
"Apartments in Sofia and Plovdiv, as well as in several popular Bulgairan resorts being more expensive than apartments in the center of Chicago isnít normal", said one of the best known businessmen in the field from Bulgairan origin in the US Shefket Chapadzhiev, who deals exclusively with estates.
"The estate market, including the one in Bulgaria, will be regulated once again despite the temporary decline because of the crisis", says also Chapadzhiev.
He said that it would be very profitable to invest in estates in Bulgaria, but a certain artificial increase of prices of estates in major Bulgarian cities and resorts is a major concern at the moment.
"If I have to invest in Bulgaria, itís exactly estates I would invest in, but Iíd be extra careful in what I purchase", explained the businessman for Darik radio.
"Mortgage credits, covering 100% of the price of estates, which were given out by banks for several years are the base of the global financial crisis", said Chapadhziev.
This News is listed at news.Guide-Bulgaria.com
Pages:  > 2009-06-23 Bulgaria ranked 4th as Top Real Estate Investment Destination
> 2009-06-23 English settlers at Bulgaria`s Black Sea coast sell their homes
> 2009-06-18 More than 80 property agencies in Bansko close down
> 2009-06-11 Only Russian buyers can save the Bulgarian property market
> 2009-06-09 Bulgaria Estates Reach Real Market Prices
> 2009-06-04 Turyan mayor: Number of foreign property buyers has decreased
> 2009-06-03 11% less newly built residential buildings for Q1 of 2009
> 2009-06-02 Property developer BLD will build holiday village near Kavarna
> 2009-05-28 Fall of the prices of residential properties from 16% to 38%
> 2009-05-28 Over 10 000 apartments owned by foreigners offered for sale
> 2009-05-22 Port of Burgas sells to its employees real estate owned by the company
> 2009-05-13 Project for new hotel complex in Teteven
> 2009-04-28 Hard year for the residential segment in Bulgaria and Romania
> 2009-04-10 The average renting price of offices in Sofia`s decreased by 18%
> 2009-04-08 New property project in Varna Breeze neighbourhood
> 2009-04-08 Mortgaged flats available on the Bulgarian real estate market
> 2009-04-02 State sells land in the Black Sea region - most preferred are near Kavarna and Aksakovo
> 2009-03-27 Golden Pearl resort near Varvara is illegal
> 2009-03-24 Big interest from Russian investors for properties in Sofia and BG sea-side resorts
> 2009-03-20 Russian stars purchase properties on the Black sea