Winslow Gardens development lands top investor certificate Winslow Gardens, a gated residential development in Bulgarian capital Sofia, will be granted Friday a First Class Investor certificate by the local investment promotion authority. The 200 mln lev investment will be deployed in five stages with final completion scheduled for end-2009. The 22,000 sq m... Austrian foundation to build mixed-use centres in Sofia Austrian foundation Togewa has announced plans to invest a total of 400 mln euro in the construction of two mixed-use retail and office centres on the outskirts of Sofia. The Eurogate project, certified as First Class by the local investment promotion authority, is expected to be recouped within a d... Bulgaria first-half average home loan size up 25% year on year The size of the average home purchase loan increased by 25% year on year to 38,600 euro in the first half of 2007, said local loan consultants Credit Center. The upturn is attributed to the higher percentage of the home price covered by the mortgage and the increase in property prices. Some 40% of t... Danish buyers snap up Byala area villas All 18 villas in the newly-opened Sun Village holiday homes complex in the town of Byala, in the coastal Varna region, have been sold to Danish buyers. The 3 mln euro complex was financed by Scandinavian holding Goodlifebulgaria group. Seven additional villas will be added to the complex at a cost o... Realty brokers make 15% on transacted properties Bulgarian real estate brokers pocket a commission of up to 15% from the sale of holiday homes, said Teodora Dimitrova, executive director of international brokerage ERA. The national realtor commission average is 3%, up around a percentage point from the year-ago period.
According to ERA, the 3,600...