Spanish company Ferry Group plans to construct a sports and tourism complex near Sofia. The company purchased 881 000 sq m stateowned land in the village of Kutina, Darik Radio reported. Ferri Group paid six million leva for the land. Sofia regional governor Todor Modev said that the project fulfillment would bring another 300 million leva of investment and would create 2 000 work places. The complex will
Intense construction in Sofia led to a deficit in free plots, which in turn affected prices, an imoti.investor.bg report said. As a result of this phenomenon the price of land increased faster than the price of property, the report said. In some Sofia districts like Banishora, Boyana and Lozenets construction plots increased in value by as much as 18 per cent. High investor interest in these districts hiked the prices.
Inexpensive property continues attracting British buyers to specific countries in Europe, Macedonian newspaper Vreme reported quoting a BBC report on Bulgaria. Yet, reality was different from the expectations of foreign buyers, the report said. Formerly communist East European countries failed offering major investment return opportunities. A number of investors were not careful enough, which could lead to the
The first issue for 2007 of PropertyWise magazine, the specialised Englishlanguage property publication of Sofia Echo Media, will be available for sale starting January 26 2007. As Bulgaria expects to join the EU on January 1 2007, PropertyWise takes a look at the manner union membership will affect the Bulgarian property market. PropertyWise talks with real estate professionals, bankers, developers
The Bulgarian property market continued luring British, despite agents warnings that exaggerated positive information was being presented, Assetz said. Neil Lewis, head of Property Secrets, said that Bulgarias property market was oversupplied, but British still purchased. As early as 2005 Property Secrets warned investors to avoid investing in Bulgarian coastal and ski resorts, Lewis said. When there is as much
The newest web project of Sofia Echo Media, the website of PropertyWise magazine, is already presenting deeper look at Bulgarias property market online. The website compiles the issue before the last of PropertyWise, the specialised Englishlanguage property magazine, and daily news updates on real estate developments in Bulgaria. Issue 1 of PropertyWise, available since
Pamporovo winter resort was unprepared for the upcoming ski season 20062007 opening, head of the State Agency for Tourism Mario al Djebouri said. Construction in the resort was still ongoing, it was not cleaned and Chepelare municipality refused issuing a construction ban, al Djebouri said as quoted by Bulgarian National Radio. Al Djebouri took part on December 11 in a forum on the development of tourism in the
The Parliament was considering a move from forbidding foreigners to own property in the country to some special regulations. Changes feature in ownership regulations, discussed on first reading on December 7. Voting on the new laws would take place on December 8, Bulgarian National Radio reported. Such changes were needed because of Bulgarias upcoming EU entry. The country accepted EU requirements
Property in Sofias residential districts where the demand exceeds the supply had raised by 20 per cent in 2006, imoti.bg data showed. The prices of property in the districts where the demand was lower raised by an average of 9.5 per cent, 24 Chassa daily said. Price increase pace of the different types of lodgings became almost equal. The prices of one bedroom and twobedroom apartments was increasing faster a few
PropertyWise magazine, the Englishlanguage specialised property magazine of Sofia Echo Media, is already available online. Magazine content one issue back, as well as daily news updates on real estate in the country can be found at www.propertywisebulgaria.com. The second issue of the magazine is also offered for sale. Everyone with interest in Bulgarian property investment can learn more about the