Bulgaria Cheap Properties

Owners offered five hotels for sale in the beginning of the week in Bansko winter resort. Warm weather and the lack of proper skiing conditions affected seriously hotel businesses in Bulgarias winter resorts, imoti.net reported. Increasing number of hotels has been offered for sale already. Most investors took loans to construct hotels and the snowless winter proved fatal for their business plans,

The first issue of PropertyWise magazine for 2007 is coming out on Friday January 26. After a year of predicting and projecting how Bulgarias European Union membership will affect the real estate market, in the closing days of 2006 the magazine interviewed several real estate professionals about their expectations. Architects, real estate agents, economists and investors share their views about prices, interest rates,

The regime for the carrying out of investment projects in Natura 2000 protected areas was much less restrictive than the measures valid for national parks and preserves, head of the parliamentary environment and water affairs committee Georgi Bozhinov said. Bozhinov and Parliament speaker Georgi Pirinski met on January 23 representatives of environmental organisations demanding maximum inclusion in the

High demand and migration processes resulted in a 12.5 per cent increase in the price of real estate in Sofia in 2006 Katya Tsenova, executive director of Address real estate agency said. Prices increased the most in the residential districts of Mladost, Lyulin, Geo Milev, Redouta, Druzhba and the city centre, Focus news agency said. Property in the coastal city of Bourgas registered the lowest increase in

The amount of foreign investment in Bulgarias property sector made the country the sixth most preferred real estate purchase destination in the world. Property market in 2006 was dynamic and prices were growing gradually, Focus news agency said. Address real estate agency executive director Katya Tsenova said that the property prices raised by 15 per cent in 2006, reaching 280 000. A number of property owners

The execution of Natura 2000 project in Bulgaria will fail if officials and people do not reach agreement, head of the ecological network for Bulgaria and representative of Green Balkans Simeon Marin said. Residents of southwestern Bulgarian towns have long been protesting against the introduction of the environmental network in Bulgaria. People feared that restrictions related to environmental protection will

The price increase for lots usually happens at a slower pace than the one of other real estate, but in 2006 site prices in Bulgaria increased with almost the same speed as the residential property prices. Increase in the lot prices had an impact on the prices of all other real estate, 24 Chassa daily said. A differentiation in site prices increase had begun in Sofia in 2006. The value of some lots had raised by five to six per cent,

The first ecoinnovation hotel in Southeastern Europe will be constructed in the Bulgarian village of Zdravkovets. Hilltop hotel will feature wind mills, local purifying devices and the utilisation of rainwater. A monitoring system will indicate the quantity of electricity produced and consumed at the hotel, Bulgarian news agency BTA reported. Time foundation is among the project executors, foundation

Despite protests of residents from southwestern Bulgarian towns, concerning the inclusion of areas in Natura 2000 European environment network, the list of terrains will remain unchanged, Environment and Water Affairs Minister Djevdet Chakurov said. Residents of Bansko, Razlog and Dobrinishte have been protesting against the inclusion of land in the protected network. Razlog mayor Liuben Tatarski called only

Increasing number of Romanian investors show interest in the purchase of lodging or a plot in neighbouring Bulgaria or Hungary. The two countries were most attractive for investment foreign destinations, Romanian daily newspaper Gandul said. Bulgarias Black Sea coastal resorts interested the majority of Romanian and British property investors, Gandul said. Investors purchase mainly villas. The price of