Sat, Feb 11 2012
About four million leva is needed for the development of a fisherman's village in Balchik, municipality officials said upon emerging from a meeting with local fishermen, representatives of the sea club, municipal councillors and the mayor's team on discussing the project.
The future development will be financed through the Phare programme and will be realised with the joint efforts of a consultancy company and the municipality.
Participants in the meeting agreed on the village's location - between the holandski plazh and the purification plant that is currently under construction.
Apart from boat berths, the project envisages the construction of fish-storage chambers and service rooms for the fishermen. The nearby quay, which will secure moorage for larger vessels, will be extended and remodelled into a wharf, municipality representatives said.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.