Fri, Feb 10 2012
Bulgaria remans top of the chart, with 18.8 per cent of all demand, followed by the US, Spain and Germany
Sofia mayor Boiko Borissov presented the report on inspections of 79 establishements in Studentski Grad in Bulgaria's capital. "We're both guilty, the state and the municipality," he said.
Sofia municipality has made it a priority to install street lamps where there aren't any, to fix those that aren't working and have the Studentski Grad borough (Student Town) well and thoroughly lit up to facilitate surveillance and reduce the dangers of risk areas, Interior Minister Mihail Mikov said after a meeting with municipal leaders from the Bulgarian Socialist Party (BSP) on December 23.
Night club Amnesia in Sofia's Studentski Grad (Student Town), which became notorious after student Stoyan Baltov was beaten to death outside the club, will have to be torn down, Bulgarian media reported. After an inspection by National Construction Control Directorate (NCCD), it appears the club was built illegally.
Sofia mayor Boiko Borissov said on December 21 that he asked Sofia prosecutors to investigate Ventsislav Doudolenski and Teodor Kolarski, the former mayor and chief architect of the Studentski Grad district, respectively, on suspictions of abusing their powers. Borissov claims that the duo have overstepped their authority by allowing the illegal construction and operation of the Amnesia disco, in front of which medical student Stoyan Baltov was murdered on December 5 2008.
Home to 25000 students, Sofia's Studentski Grad, or Student Town, really only comes alive when the school day is through. At night, music pulsates from underground clubs hidden in vacant lots and in the basements of Soviet-era dorms, according to the New York Times. Since Bulgaria's admission to the EU in January 2007, low housing costs, lenient zoning rules and young residents have fostered a thriving club
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.
Does anyone know if the Bulgarian authorities done anything about the many illegal developments in studentski grad?
Great article. Good job :)