Tue, Feb 09 2010
Photo: Julia Lazarova
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A state depositary bank to serve as custodian of all ownership transfer deals
The project, which was approved by Bulgarian and Romania as far back as 2000, has been constantly hampered by complications that delayed its progress. Realistically achievable target for completion, according to the project manager, is June 2011.
Housing prices will rise by at least 10 per cent by the end of 2010, after hitting rock bottom in the first half of the year, an estate agency manager says - a view different to other agencies.
The business centre, poised to absorb about 60 million euro in investment, will be the tallest building in Sofia
The mall's builders have started using a nearby street as a construction site without the proper permit
Banks could be the key factor on Bulgaria’s property market in 2010
lol EofE! seriously though... imagine paying 150,000 for 1 of those apartments! ive seen those get built like! 50,000 max! and thats if I had it spare! it takes a full day in that country to post a letter! and do the people behind the counters at 'info' points still look at you as if you just landed from outer space in the middle of their dinner when you ask for help? I used to find that very frustrating.
Unique estates are bound to say that as probably 95% of their listings are in that category (however for luxury read looks very nice but I wouldnt bet on it looking good a couple of years from now!)
"Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro, Unique Estates said."
Anybody who buys property at these prices in a corrupt, crappy third world country deserves the a$$ pounding they will receive.