BULGARIA
Sofia-listed Bulgarian Real Estate Fund REIT said its H1 2024 standalone net profit grew to 2.41 million levs (1.23 million euro) from 1.46 million levs a year earlier on the back of higher revenue. The Fund specializes in strategic property acquisitions and invests exclusively in high-performing real estates, in all property sectors across Bulgaria.
CROATIA
The number of Croatian property purchases made in cash is on the up, with “rich foreigners” allegedly to blame, N1 reported. At the same time, Croats buy significantly fewer apartments, “as there is not enough money because the price per square meter has gone to infinity.”
CYPRUS
The number of property sales contracts deposited in the January-July 2024 period reached 9,210, up 2% on an annual basis and the highest number recorded since 2008 when 9,385 contracts were deposited in the first seven months of the year, the Land Registry said. Property sales in Paphos dropped 14% and by 5% in both Limassol and Famagusta, however these falls were more than outweighed by sales in Nicosia and Larnaca increasing by 24% and 12% respectively.
GREECE
Prices of luxury homes in Athens saw the 4th largest increase among 30 cities worldwide, in the first half of this year, according to a report from Savills, a British real estate consulting company. With gains of 3.5% in the six months through June, the Greek capital was only behind Lisbon, Amsterdam and Madrid.
ROMANIA
To read about Romania’s real estate click here.
SERBIA
Belgrade-listed real estate firm Neostar plans to buy up to 8,000 own shares at 2,000 dinars ($18.4/ 17.1 euro) apiece between July 31 and August 14, it said in a filing with the bourse. The company’s main activity is the lease out of own office space at several locations in Serbia’s second largest city of Novi Sad.
Post your ad for free at:
