Fri, Feb 10 2012

Property Briefs

Fri, Sep 12 2008 10:00 CET

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RUSSIANS IN BULGARIA
According to a survey by Green Life Property Development, as cited by Stroitelstvo Gradut weekly, a steadily increasing number of Russian, Scandinavian and Romanian buyers has chosen to buy property in Bulgaria, with Russian-speaking clients making up to 90 per cent of all buyers. One group is made up of wealthy Russians from Moscow and Saint Petersburg, looking to buy spacious flats to use them as holiday homes. The other group of buyers, not as affluent, prefers to buy smaller homes as an investment. Green Life's survey indicated that the latter group is replacing British clients who often bought several flats off plan and later tried to re-sell them to their compatriots for a profit.


PARK IN PLEVEN
Sofia-based investment company Investra will spend about 20 million leva building a retail and industrial park in Pleven, northern Bulgaria. This was announced at a working meeting between mayor Naiden Zelenogorski and the firm's executive director Georgi Roussev. The park will be built on a 2.5ha plot the investor bought earlier this year. It will have 17 000 sq m of commercial, exhibition, storage, office and service space. Construction is due to begin in 2009.


GOLF COURSE
Lighthouse Golf Resort, the 70 million euro complex being built near Balchik on Bulgaria's northeastern Black Sea coast, will officially open in May 2009. About 50 million euro of the funds earmarked for the project have already been invested. The complex, whose full name is Lighthouse Golf Resort & Spa, will have 1000 housing units, a five-star 180-room hotel part with retail space, bars and restaurants, a spa and wellness centre, a tennis court and swimming pools. The holiday homes will be grouped in five clusters, two of which - Marina and Lighthouse - will rise above the cliffs on the shore, while Green, Lake and Forest are all surrounded by the golf course.


TURGOVISHTE
Real estate investment company Greenfield Bulgaria, operating in Bulgaria and Romania, plans to invest 40 million euro in building a commercial park in Turgovishte, investor.bg reported. The planned park is 100km north-east of Veliko Turnovo. According to company executives, the park will occupy a 92 000 sq m plot, strategically situated near Turgovishte's ring-road and the highway connecting Sofia and Varna.

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