Bulgaria Cheap Properties

More than 30 000 vacation apartments are offered for sale in the Bulgarian coastal and ski resorts, data of Colliers International for the Bulgarian property market in the end of June shows. Black Sea coastal resorts offer nearly 22 500 apartments for sale. Over the past year supply has increased by nearly 6000 apartments, 24 Chassa newspaper reported. The increase, compared to supply in June 2005 is 37 per cent.

Bulgaria is one of the most interesting and promising destinations across the world, and could offer quality property opportunities, according to Londonbased Hot Properties Worldwide. The company has added Bulgaria to its portfolio based on these developments, mediasyndicate.com reported. Bulgarias key attractions were a low risk investment in the buy to let market, solid houses with freehold

Residential property prices in Sofia stabilised during the first half of 2006, Colliers International Semiannual Residential Market Overview said. The prices increased slightly in comparison to the prices previous years. Ivan Vazov district became the second most expensive area in Sofia where the average price reached 1325 euro a sq m, the overview said. The most preferred area remained the Doctors Garden where

Bulgaria registered the second highest increase in property prices worldwide, according to the analysis of London agency Knight Frank.The analysis compares property prices in countries in Europe, Asia and in the US, 24 Chassa newspaper reported. Bulgaria maintains the second highest price increase after Latvia, where the growth for the second quarter of 2006 as compared to prices for the previous year

Swiss Properties would appeal the decision of the Environment and Water Affairs Ministry to ban construction in Irakli coastal region for one year, company managing director Stoyan Zahariev said. The company already purchased plots and finalised a project, mediapool.bg reported. Environment and Water Affairs Minister Djevdet Chakurov approved the ban since Irakli was one of the last remaining wild beach

Changes to urban and territorial planning, accepted in Parliament on first reading, would introduce technical passports for new and already existing property. Technical passports aim to list all construction characteristics, related to EU requirements for increased construction safety, Bulgarian news agency BTA reported. New technical passports would be needed in case the building is reconstructed or modified.

The construction of the first mall in the coastal city of Varna would begin next week. Mall of Varna would have trade area totaling 25 000 sq m. Both offices and stores would be offered for rent, mediapool.bg reported. Construction was expected to end in November 2007, Interservice Uzunovi managing director Krasimir Ouzounov said. The company is investor in the project. Investment in Mall of Varna

Property prices were registering the highest increase in East European countries, data of the British property company Knight Frank, presented in Financial Times shows. Japan continues struggling with price decrease, the report said. Property in Hong Kong was also losing value after a previous boom. Worldwide, property has become 8.5 per cent more expensive, the analysis showed. Significant price increase was

Two constructions and a facility of hotels in Pamporovo were set up without the needed construction permit, an inspection of the regional directorate for construction control shows. A team inspected all construction sites in the resort, as well as in other populated areas in the Smolyan region, mediapool.bg reported. Inspection results showed that two constructions and another facility were set up without permits.

Environment and Water Affairs Minister Djevdet Chakurov would impose a ban on the construction in Bulgarias protected coastal areas located in the EmineIrakli region. The ban would be in force for a period of one year. The protected areas are home of some rare wildlife species, a Council of Ministers press release said. Chakurov said that Nessebar municipality received 813 plans