Fri, Feb 10 2012
Stefan Dobrev's winning design.
Photo: Maria Subotinova
This seventh auction features works by contemporary Bulgarian and foreign artists. Past editions have put first editions of Voltaire and Victorian lithographs on the block.
The National Art Academy has signed an agreement allowing for research to be conducted for potential reconstruction and expansion of the academy's building in Sofia, after a competition was held, selecting architect Stefan Dobrev for the task.
The Sofia City Art Gallery shows work by contemporary Bulgarian artists under the theme of 130 years of Siemens in Bulgaria, where significant historical periods are intertwined with the development of the local art scene.
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. That looks incredible. I hope that it comes to life inspite of all Bulgarian negativity.