Fri, Feb 10 2012
Kamen Briag
Photo: Julia Lazarova
Interest in Bulgaria overtakes Turkey, Egypt and Montenegro but ranks behind Greece.
Construction output increased by 6.3 per cent in January compared to December 2007 but it it is down 5.8 per cent on January 2007.
An Irish investment fund is buying Black Sea properties, hoping to sell them at a mark-up once the real estate market revives.
Major reconstruction work to begin near southern Black Sea coast as part of plan to improve infrastructure and ease traffic flow
Environment and Water Affairs Minister Djevdet Chakurov has issued an order forbidding construction for a year at Kaliakra, a natural site on the northern Bulgarian Black Sea coast whose preservation has been hotly fought for by environmentalists. The ministry announced this in a press statement on November 23 2008. The decision was brought about by the presence of the many plans, projects and investment offers for construction in the protected zone; their realisation would likely cause irreversible damage.
Municipality of Sozopol commissioned the Port of Bourgas to design a new fishermen port, whose construction should begin in 2009 and will be funded entirely by the state, Dnevnik daily reported, citing town's mayor Panayot Reizi. The proposed idea envisions the new port to be built behind the existing marina, which would be used only as a ship berth. Part of the plan suggests that the fishermen's boats that are now at the small harbour to remain there as one of the town's attractions.
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.
Well, we shall see what will happen of it all.
Start with Oasis in Lozenets!!
Sounds like a great idea, let the de-construction begin. Wonder which one owns the demolition company.