Real Estate news about Varna, Bulgaria


The average asking sales prices for residential property in Bulgaria continued to fall, though slightly, in the third quarter of 2013, data of realtors shows. The average asking sales prices in Bulgaria’s capital Sofia stood at BGN 1 444.83 per square meter, and  Varna keeps the second place with  BGN 1 381.33 per square meter [...]

Bulgarian-focused property developer and investor Orchid has announced the formal opening of Orchid Gardens Varna, its multi-use retail, offices and residential complex, having received its final permits. Orchid says this follows frustrating construction delays due to issues with the contractor. Orchid Gardens Varna is one of the largest multi-use complexes ever built in Varna; the [...]

Three major cities – Sofia, Varna, and Bourgas – are increasingly becoming Bulgaria’s key investment destinations, a trend that is exacerbating the country’s depopulation, according to a report of the Institute for Market Economy (IME), a Sofia-based NGO. Because of the economic crisis and ensuing unemployment a greater percentage of Bulgaria’s population is seeking relocation [...]

Landmark Centre Varna will be offered for sale at a public auction at the initial price of seven to eight million euro on March 21 2012. The sale of the Landmark business center in Varna with a guide tag of 6.7 million euro will test the attitudes of Bulgarian real estate investors toward a market [...]

The monthly rentals of the most common apartments in the coastal city of Varna have dropped by about 20% compared with 2009, which is an average decrease of EUR 100 in city’s all districts, FOCUS – Varna Radio reported. In 2008 a well-appointed apartment in the city center cost EUR 300-EUR 350 a month, while [...]

Bulgarian Property Developments will welcome the first tenants of its Logistics Park Ruse and Logistics Park Varna’s building A6 later this year. The investor will offer modern warehouse facilities to the companies operating in the regions of Ruse and Varna. Logistics Park Ruse, which is shall be completed in Q1 2011, is situated one kilometer [...]

TimeShare Holdings, Inc. announced that The Company has signed a purchase agreement to acquire the Grand Hotel Dimyat, located near the Seaside Garden in Varna. The Company will be providing a down payment of 10 million shares of TMSH common stock, which will be restricted for a period of one (1) year per the agreement. [...]

No state institution appears to be responsible for cleaning the rubble of demolished illegal beachfront properties along Bulgaria’s Black Sea coast. After in December 2010, the District Governor’s administration in the city of Varna staged a demonstration of state responsibility, and destroyed several illegal resort properties on the very beach, two months later no one [...]

Bulgaria’s Competition Protection Commission has approved the request of Austria’s biggest banking group, Raiffeisen Zentralbank Austria AG to buy out the Mall Varna shopping and office center in the Black Sea city of Varna. Raiffeisenbank will thus go ahead with the purchase 100% of Miller Mall Varna One EAD, headquartered in Sofia. RZB is the [...]

The Varna Towers shopping mall and office center in the Bulgarian Black Sea city of Varna has opened doors. One of the greatest attractions of the complex is the only rotating restaurant in Southeast Europe named Magnito, located on the top of the Eastern Tower. At the same time, the top of the Western Tower [...]