Sat, Feb 11 2012
Sozopolis
Photo: provided
TBIL is still in discussions with DSK Bank and its majority shareholder, Hungarian OTP Bank, on financing its Hotel and Spa project in the village of Banya. No definitive decision on TBIL's Sozopolis Resort project has been made yet.
Panayot Reizi's party was found with hunting gear near a dead hind, but denied shooting the animal, saying that they were out "picking mushrooms".
According to a report on the Bulgarian banking sector published by an international market research company on January 25, mortgages in Bulgaria are forecast to rise at a compound annual growth rate of 88 per cent between 2007 and 2010. In 2007 Bulgarian residential property prices continued to rise, confirming the trend that began more than five years ago. This time
Immofinance and Bellevue Property Management turned the first sod of Sozopolis holiday village, to be located on Kolokita island, 2 km south of Sozopol. The project was presented by Ivan Nikolov and Ivan Takov, managing directors of Immofinance and Mihail Zaimov, project manager. The new holiday complex would spread on 88 500 sq m plot and would comprise 147 separate units - single and two-family houses, offering a total of 167 residential units, including shops, eateries, a luxury hotel with SPA centre, offices and entertainment places.
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.
It might also be easyer to find, if the road it's situated upon, had a name - it did not in the spring of 2009...
I have been to the site in spring of 2009.
The houses build is build like you do all over Bulgaria: Build the foundation, build pillars, build top floor, build pillars, build roof (usualy also in concrete, fill in the walls, throw some roof up on some wooden constroction placed on top of the concrete roof, and then bolted into the roof.
It might be new, it might look good, BUT it's NOT worth even 1000€/sqr m.
They WILL end up with a LOT of empty houses at this price.
It's a [...]
Read the full comment nice area however.. ;-)
i honestly cannot believe this is a true story i hope it is a bad joke, hristo lazarov obviously has a big problem or he is being paid silly money to bluff sozopols greedy administration, its clear lazarov would not understand words like esthetique or respect for the environment
wow, I guess some people really are that stupid.
let's say you stay 4 months a year in your home , because the rest of the year its a dead place.
Than you wil pay 48.000,- euro for 4 months holiday in your house.
800.000,- euro is that a joke
Thats so funny.
Over 50 properties, many with families with many children having to share the 2 pools and a children's pool. Everyone should live like in a sardine tin.
No rich from any other country, other from Bulgaria will buy these houses. 800 000 eruo what a jokes!
You built as close together in Sunny Beach. Now look how it looks. Nobody wants to buy and everything is empty.
I was curious. See also ulgaria/AD15310BG_Apartments_for_sale_in_Sozopol.h tml
http://www.bulgarianproperties.com/Apartments_in_B
A (formerly) pretty peninsula. Looks a bit like California. The uniformity of the houses certainly reminds me a lot of developer constructed houses here (but in the cheap parts of town). Prices higher than ocean front in many smaller towns in CA. But crowded like chicken in a stall (20 acre for 200 units). Sigh. Somebody's wet dreams.