Thu, Feb 09 2012
Velingrad
Photo: Krasimir Uskeseliev 
Tourism industry extremely happy with six day holidays as hotels are booked up.
The historic building of the central mineral baths in downtown Sofia has long been one of the city's symbols. Officially closed in 1986, its fate remained undecided, while every municipal administration that came to power deliberated what new purpose to attach to the old building.
Land and residential space in Velingrad, in south-western Bulgaria, almost doubled their values for a year, prompted by growing interest from developers, Stroitelstvo Gradut (Construction and the City) weekly reported. The turn of 2008 saw a surge of investor interest to spa tourism in Velingrad area. There was a significant interest in buying rural and forestry land with the purpose to invest in apartment complexes and hotels, the weekly said.
A car blast occurred in the town of Velingrad on the night of February 27. The blast shattered the windows of nearby houses. No people were harmed, Focus news agency reported. Municipal councilor Ekaterina Kaferinova is owner of the vehicle. Two months ago somebody tried to set her house on fire and caused significant damage. The explosive device was places below the front part of the car. Police have been
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.
Bravo.