Fri, Feb 10 2012
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Company says that the measure is only temporary, insisting that there will be a stable market in future.
Managed by Real Estate Services Bulgaria (RESB, this is the second such project after the opening of Mall Sofia. RESB is also in charge of Mall Rousse and Mall Stara Zagora
More commercial ventures are put on hold as crisis deepens but some commentators belive that this will lead to more realistic
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
A modern condominium equipped with a private beach, spa, bar and an outdoor swimming pool will be built on the north tip of the Zlatni Pyasutsi (Golden Sands) resort in Varna.
Rollplast will expand its capacity five fold and increase production three fold, employing more than 700 people. It also aims to expand in Romania, Serbia and Macedonia.
In 2009, Bourgas Airport will get the benefit of a 35 million euro package for major refurbishment and expansion, it was announced at a news conference at the airport on January 22 2009, Bulgarian-language Stroitelstvo Gradut reported.
Bulgaria's MPs are to abandon the current National Assembly to relocate to the former Bulgarian Communist Party headquarters, commonly known as the Party House, where they will host their plenary sessions in a large glass hall. Plans are for the move to happen in the next two to three years.
Extrapack OOD has invested 25 million euro in a second large production base in Veliko Turnovo, on the motorway at the entrance from Sofia, approximately five km west from the first factory.
Aquamarine 2 real estate complex started construction in the Bulgarian seaside town of Obzor at the end of 2008, 100m from the coast on the south edge of the town near its predecessor, Aquamarine 1, Stroitelstvo Gradut reports.
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.