BULGARIA
The growth in real estate prices in Bulgaria will probably slow further in 2024, National Real Estate Association Management Board Chair Dobromir Ganev told BTA during conference on Black Sea holiday property held in Burgas last month. He said his forecast was based on the current development of the economy and available data about wages, mortgage rates and market supply.
CROATIA
In Legrad, northern Croatia, there are houses and construction sites on the market for $0.15 — a symbolic price, as the small town’s authorities try to increase the population of 2,000. The initiative known as the “houses for a penny” first came over five years ago, HRT reported. Applicants must be under 45 years old, in a marital or extramarital partnership, have no criminal history, and can’t already own property in the country.
CYPRUS
The number of building permits issued in Cyprus in January-November 2023 decreased by almost 6% on an annual basis, the Statistical Service of Cyprus (CyStat) data showed. The area and value registered annual gains, due to the increasing prices in construction materials, as well as increased interest in apartment blocks.
GREECE
In January-September 2023, real estate investments reached €1.6 billion, up 30% on an annual basis, according to the Bank of Greece data. During the same period under review Foreign Direct Investment reached €3.9 billion, quite some way from the €7.9 billion throughout 2022.
MONTENEGRO
Montenegro’s Environmental Protection Agency (EPA) has received a request from four private investors to conduct an environmental impact assessment (EIA) of a project for the construction of a five-star hotel in Budva, a Montenegrin town on the Adriatic Sea.
ROMANIA
Romania was among the most active Mergers & Acquisitions markets in Central and Eastern Europe in 2023, according to Mergermarket data analyzed by Deloitte Romania. The sectors with the highest number of transactions in Romania in 2023 were real estate (28%), energy (15%), consumer products and technology (11% each).
