US company Laguarda.Low Architects LLC would work on the plans for the building of MallBourgas. Investors GIR2 and project consultant Colliers International announced the selection on July 27. The two companies would have the final decision in the development of the mall concept, mediapool.bg reported. The US company specialised in the planning of various trade and entertainment centres. MallBourgas
Property in Bulgaria became on the average 1.6 per cent more expensive from April to June 2006. The average price of sq m of property reached 819.3 leva. The increase was highest in bigger towns and cities, Bulgarian news agency BTA reported. Property in Gabrovo gained most in price, data of the National Statistical Institute shows. The increase registered there reached 15.2 per cent. Real estate in the
The Environment Ministry would present the issue of construction in wild beach areas to the Council of Ministers, Environment Minister Djevdet Chakurov said after a meeting with environmentalists. An environmental organisation demanded a ban on the construction in Irakli, one of Bulgarias last remaining wild beach areas, mediapool.bg reported. Presenting the issue to the Council of Ministers did not mean
Environment Minister Djeved Chakurov would meet on Wednesday representatives of the environmental organisation opposing construction in Bulgarias wild beach coastal area Irakli. Irakli is a region with some of the last remaining unmodified beaches on the Black Sea coast, mediapool.bg reported. For several months environmentalists have been protesting and collecting signatures in favour of a
The number of tourists winter resort Bansko would be able to accommodate during the next winter season would increase by 20 000, representatives of Address Bulgaria property agency said. In three years Bansko would offer opportunities for calm rest, as most construction work in the areas near and within the resort would be completed by then, property agents said. Construction in Banskos
Latest property market tendencies revealed that the sales of village houses was no longer dependent on the season. Usually the demand for houses in villages was higher during the summer, 24 Chassa newspaper wrote. Over the past few years the real estate market registered a steady yearround supply and demand for such property. The majority of the investors iwere foreigners, mainly British and Irish.
Environment and Water Affairs Minister Djevdet Chakurov was working on a temporary ban over construction in Irakli, Bulgarias wild beach area. Chakurov announced his plans to ban coastal construction during a meeting of the Councils of Ministers, Darik Radio reported. Coastal construction expansion threatened the wild life in the only remaining wild beach area in Bulgaria. On July 6 Nessebar municipality refused to
Bulgarias Linexa Property plans a 20 million euro investment in a new residential complex to be constructed in Bulgarias coastal town of Kavarna. On July 6 Kavarna mayor Tsonko Tsonev revealed the plans for the new complex to be constructed near a golf course, SeeNews reported. Construction work had already began and the 420apartment complex would be completed within two years, Tsonev said.
Intense hotel and complex construction will continue despite warnings that the Bulgarian coastal region already faced problems with construction density. The demand and supply of construction plots in the coastal region maintained high levels, 24 Chassa reported. Southern regions attracted more investment, 24 Chassa said. Property in resort towns near Bourgas sell three times better than estates in the Varna
British company Future Asset Management began advertising Bulgaria as a profitable property investment destination. Over the past few years Bulgaria has developed as an attractive tourist destination for summer, mountain and specialised tourism, icwales.co.uk reported. David Wingar, founder of Future Asset Management, said that the countrys progress towards EU accession and euro zone entry added to