Real estate deals will slow significantly and prices will fall as investors adjust to the “new paradigm” of rising interest rates and turmoil in the global economy, said Brad Hyler, Brookfield’s head of European real estate. Hayler noted that real estate investors were caught off guard by the rapidly deteriorating economic outlook. “The speed of … Read more
Germany introduces new austerity measures for Ukrainian refugees. On June 1, Ukrainian refugees in Germany will be transferred from social assistance structures to the Labor Office [ Job Center ]. There they will be obliged to provide information about all their movable and immovable property, Epicenter.bg reports. For car owners, if the car does not … Read more
The real estate market in our country is dynamic. Prices are currently skyrocketing, and inflation is not going down. Against the background of these challenges, we were facing a coronary crisis, and now – more than two months, the war in Ukraine further complicates the situation. Europe is experiencing many difficulties. Russia has declared most … Read more
Foreigners continue to sell their properties in Bulgaria, according to the latest BNB data. The net flow of foreign investment in real estate is negative in the amount of 2.6 million euros, with a positive net flow of 0.5 million euros for January – February 2021, writes pariteni.bg. Direct investment in the country for January … Read more
The government of Prime Minister Justin Trudeau has announced that it will ban foreign investors from buying housing in Canada for two years in an attempt to calm the housing market. Finance Minister Christia Freeland has taken a number of measures to curb speculation and demand amid record housing prices when announcing the federal budget … Read more
One of the emblematic businessmen in Sandanski, Ivan Kovachev, lost everything that reminded him of his successful business years ago. The trustee in bankruptcy of his company “Metal Kims” announced all the properties and company buildings for sale a few days ago. Administrative buildings, warehouses, located on about 6 acres along the main road to … Read more
Economic uncertainties are coming, which could turn into trouble. This was said on bTV Radio by Levon Hampartzoumian, chairman of the Bulgarian Business Leaders Forum. He commented on the economic consequences of the war in Ukraine. According to him, inflation will exceed 10%. “Let’s hope it will be within 12-13%,” Hampartzoumian said. According to him, … Read more
The real estate market represents “key vulnerability” for euro area banks in view of the increase in telework due to reduced demand for offices due to the coronavirus pandemic, while households owe more for the purchase of expensive housingwarned the European Central Bank on Wednesday, Reuters reported. Central bankers are worried about the booming real … Read more
The incredible price of nearly three million levs or exactly 2,849,536 levs was reached at a public auction for an apartment of 214 sq.m. located in the Doctor’s Garden in Sofia, said Marian Petkov, a private bailiff. At the public auction organized by the Private Enforcement Agents Marian Petkov, a subdivision property was presented, representing … Read more
Bulgarians and Greeks are increasingly interested in buying real estate in northwestern Turkey due to the collapse of the pound. The president of the Edirne Real Estate Consultants Association, Serhat Cheker, said Greeks have increased interest in buying apartments, while Bulgarians prefer rural houses in quieter areas. According to Ceker, the demand for housing from … Read more