Bulgaria Cheap Properties

On June 30 Nessebar municipal council permitted the controversial construction work in the Irakli region, one of the few remaining wild beach areas in Bulgaria. The council refused to pass the construction ban proposed by mayor Nikolai Trifonov on grounds that it had no authority to change conditions already stated in the construction order. Representatives of 10 environmental organisations held a rally in front

Representatives of the Regional Development Ministry would discuss on Friday Bulgarias coastal construction problems. The regional governors of Varna and Bourgas would also take part in the talks, mediapool.bg reported. On the same day, June 30, representatives of the Nessebar municipality would decide whether to permit construction in Irakli, one of the last wild coastal regions in Bulgaria. Ecological organisations

Demand for store areas in the newlyopened malls in Sofia was increasing and many brands preferred them to the stores on major boulevards. Maya Ivanova from Yavlena Real Estate said that brands were transferring their old stores to the malls or opening new ones in the trade centres. Until recently stores on Vitosha Boulevard, Graf Ignatiev and Pirotska Streets were rarely freed, 24 Chassa newspaper

Terrains in the wild coastal region Irakli were offered for sale on the websites of various property companies, inspection of mediapool.bg reported. Houses in vacation complexes were offered for sale on the web. Ads present buildings in close proximity to the beach in some of the last wild Black Sea coastal areas. Over the weekend thousands of Bulgarians signed a petition in favour of protective measures and limited

Property prices in Bulgarian resorts were expected to decrease because of the overconstruction and the lack of clear construction criteria, head of the National Real Property Association NRPA Orlin Vladikov said. An area of more than 780 000 sq m is currenlty occupied for the construction of hotels and apartments in the Bourgas region. In many cases such projects fail to attract investment due to the proximity to

Property investment group Assetz reported Bulgaria confirms its standing as leading property investment hotspot. For the second quarter of 2006 the return rate of Bulgarian property was 137 per cent, Assetz reported. In March the figure reached 116 per cent.Decreasing mortgage rates in the country make borrowing cheaper. Deposits decreased as well, guaranteeing investors bigger returns.

Bulgaria was among the countries offering greatest return of real estate investment, aboutproperty.co.uk said. According to official statistics investment return rate increased to 137 per cent over the first four months of 2006. In comparison, the figure was 116 per cent at the beginning of the year. Some of the main factors behind the increase were the low mortgage rates and deposit requirements. These

The Bourgas municipality selected four projects among the nine applications for the construction of a skyscraper in the coastal city. Competition for submitting architecture plans ended on June 15. Bourgas residents got the chance to review the projects and vote for one until June 21, Darik Radio reported. The aim of the public selection was to give Bourgas residents the chance to participate in the process,

Bulgarias Bansko mountain resort would search for ways to attract tourists yearround, The Independent reported. Until recently Bansko was the typical ski resort with booming tourism activity in the winter season and almost empty during the summer. Now investors seek to attract tourists during the summer, offering services like bike and hiking trails, horsebackriding lessons and golf courses, The Independent said.

An article named The Bulgarian Property Renaissance, published on 999 Today website presents Bulgaria as an increasingly appealing destination for Western European property seekers. Previously known as communist country, Bulgaria is now making moves westward with its NATO membership and expected EU entry in the beginning of 2007, 999 Today reported. This opening to the Western world enabled