Fri, Feb 10 2012
Photo: Stoyan Nenov
Company to invest 30 million leva and create more than 500 permanent jobs in the region, it says. Ten other stores are under construction nationwide.
The large administrative centre is part of major construction works surrounding Bourgas airport that will see a new terminal, thorough reconstruction of infrastructure, the demolition of existing buildings and the construction of a new administrative centre.
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
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.