Sat, Feb 11 2012
Visitors from construction companies in Northern Ireland seek to gain foothold in Bulgaria
Bulgaria's Operational Programme Environment will provide financing for cities around the country to build or upgrade water treatment plants. This comes as part of the country's commitment to the European Union.
The Black Sea city of Varna will have a new water and waste factory that will start work next year
Environment Minister Djevdet Chakurov and Nikolai Dimitrov, the mayor of the Black Sea town of Nessebur, signed on January 16 an agreement for the funding of the construction of a new wastewater treatment station in the town.
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.