10.8.2007

Sofia Municipality will purchase an area by Kremikovtsi for 12 million leva in order not to pay rent for its usage. The money is from the budget surplus of  25 million leva, 22 million of which came from the increase of the price of construction permits. The price is between 6  and 14 leva a sq m, while it was 0.80 leva in previous...

10.8.2007

A growing number of foreign investors are entering the Bulgarian property market. In addition to investors from the UK and Ireland, many Russians, Scandinavians, Austrians and Americans are also showing interest in the Bulgarian market, investor.bg reported. Market growth is expected to slow in response to increasing demand and competition in...

10.8.2007

Hilton Hotel Sofia lost its case against the National Tourism Agency, which refused to award stars to the hotel, saying it did not meet the basic criteria for luxury class hotels. The Supreme Administrative Court denied the appeal of the hotels owner. The court took away the stars despite amendments to the categorisation act, which came into...

09.8.2007

The Bulgarian defence ministry is set to rejuice the real estate market in the booming Razlog area which had been drying up fast.The army has put up for sale no less than three sizable properties in this city located in South-western Bulgaria at an altitude of 812 m.The first listing, posted on the site of the Defence Ministry State Property...

07.8.2007

Overseas property investors are increasingly being influenced in their choices on the basis of their travel preferences. Kate Hamilton, editor of property magazine Homes Overseas, claimed that enjoyable holidays often encourage people to buy property in certain countries, leading to a correlation between tourism levels and property demand. ...

07.8.2007

Some of the main investment companies in the region of Bulgaria’s Irakli announced at a news conference in Nessebar that they planned to start construction in the area. The AKB Fores and Swiss Properties complexes will be completed, Focus news agency reported. Investors have registered a joint-stock company named Irakli and are ready to...

07.8.2007

One billion euro will be invested in road construction and reconstruction over the next six years. By 2013, as much will be invested in Bulgaria’s transport infrastructure, announced Pmrime Minister Sergey Stanishev and Transport Minister Petar Mutafchiev during their inspection on the the construction of a railway connecting Plovdiv and...

07.8.2007

The market in village property, until recently driven by interest among Irish and UK investors, is gaining popularity among Bulgarians.Instead of investing their money in holiday property at the seaside or in mountain resorts, many Bulgarians prefer to buy houses in villages so that they could use them as villas at weekends, Kapital weekly...

07.8.2007

Experts predict that apartments in Sofia's southern regions will be the first to exhibit higher values. Sofia's real estate market saw a flurry of activity over the last two or three weeks. Apartment sales  have quadrupled. Traditionally summer is the "slow season" and investors were not prepared for the boom of home-seekers. There...

07.8.2007

Alma Tour, one of Bulgaria’s biggest tour operators, has bought the Tamplier holiday homes complex in local ski resort Bansko.The deal was confirmed by Alma Tour executive director Lyubomir Pankovski and former Tamplier owner Ilko Yotsev.The four-star Tamplier was among the first condo complexes to be built in Bansko.The 12 mln lev facility...