Snooker star Willie Thorne was considering the purchase of property in Bulgaria. Thorne had recognised the potential that Bulgaria has as a holiday home location, holidaylettings.co.uk said. He found the ideal property which will serve as a holiday home for him and his five children. Thorne liked a house near Bulgarias coastal city of Varna situated between two golf courses. Thorne said that he was charmed by the
The average time needed for a property deal in Bulgaria to be concluded was three months since the moment the property was offered for sale, 24 Chassa daily said. The newspaper quoted international comparative research conducted in 16 European countries by the international company ERA. Completing a property deal took the longest time in Switzerland and Germany, research showed. Property
Bulgaria ranks fourth among the destinations where British prefer to buy property. Increasing number of British looking for a second home abroad preferred places with sunny and warm climate, the Governments Survey of English Housing said as quoted by The Guardian. Over the past 10 years the property British citizens bought abroad increased by 300 per cent, BGNES news agency reported.
Bulgaria and Romania would register the highest growth in newly build retail property by the end of 2007, a real estate company Cushman amp; Wakefield report said. The retail property growth would reach 150 per cent by 2007, the report said as quoted by the Romanian English language daily Nine Oclock. Trade centres covering a total area of 98 000 sq m will be built in Bulgaria by the end of 2007. Once Romania
Serbias property market seemed unattractive until recently, but things were about to change, 24 Chassa daily said. The countrys property market is expected to develop at fast paste, stimulated by Serbias new constitution, allowing foreigners to buy property in the country. Bulgarias luxurious property market was much more developed than the Serbian, 24 Chassa said. Purchasers could buy lodging disposing of all
The Environment and Water Affairs Ministry said it will launch public discussion of environment protection and construction within preserved areas. Such talks will be needed after property owners protested against a construction ban in Bulgarias protected coastal areas, imoti.investor.bg reported. Regional environmental inspectorates will carry out talks with all parties interested in the property and
Bulgarian National Assembly will vote on second reading coastal construction regulations. Regional Development and Public Works Deputy Minister Savin Kovachev said that only five per cent of the construction on Bulgarias Black Sea coast was illegal. Ten to 15 per cent of the illegal buildings had already been torn down. Buildings constructed under the old law would not be demolished, Kovachev said
Nearly 500 000 sq m of office property will be offered for sale on the Bulgarian property market in the coming year or two. This is the total area of the projects that were being launched, Forton International FI consulting company data quoted by 24 Chassa daily showed. FI said that tenants had already applied for 120 000 sq m of office areas. It did not mean though that supply would exceed the demand, because the
Construction in Bansko winter resort will cease starting January 1 2007, until all urban planning is completed. Afterwards construction would be permitted only in certain areas, Bansko mayor Alexander Kravarov told Darik Radio. Nearly 300 construction permits were issued in Bansko in 2005 and 2006 and a number of additional applications were received, said Kravarov. Currently a sq m of property in Bansko costs 200 euro
Owners of property in the Irakli and Emona coastal regions blocked the BourgasVarna road on November 3 in a protest against a construction ban in the two protected regions. Ecology and Water Affairs Minister Djevdet Chakurov imposed the ban, since the two regions hold some of the last remaining wild beaches in Bulgaria. The ban would remain in force for a period of one year, BGNES news agency reported. Property