Latest Property and Economy news from Bulgaria. News for Visitors and Investors

16.02.2008 Austrians expect downtrend in the rates of the bulgarian real estates

In 2008 is expecting the rates of the allotments for construction in Bulgaria to decline.
This said Vendi Pivodich from Austrian company of seminar for austrian investors in Bulgaria.
The rates of the allotments for construction are unduly inflated in Bulgaria.
In the present year is expecting that they subside to more bearable level.
"In the last months of 2007 year noted that the potential investors, the buyers, start a little to pull back. There is a tendency of waiting, because of expecting the rates of the allotments for construction to decline."

15.02.2008 Dobrinishte – alternative goal of Bansko

In the last several years Dobrinishte frequently is interesting place for the investors and tourists as alternative goal of Bansko.
The mean reason is tempered built in the town and the ski-zone over it as well, which includes
Ski-track – 5 km long. Its beginning is “Bezborg” hut ant its end is “Goze Delchev” hut.
The market of real estates in Bansko that is developing quite dynamically in the last several years as if delay a little the temps in 2007.
Bansko need of higher category of construction that will attract buyers of mean as well.
The resort is already flooded by small buildings and apartments that capture largely british with low annuities.
The winning variant for the investors is the villa settlements with a low consistency of build and extra services- spa centers, tennis- courts and swimming pools.
In Bansko are already realized about 10 huge vacation settlements and the future is in this type of investments.

14.02.2008 The Ministry of Agriculture receives further one building in Sofia

The government decided to deliver gratis four-storey building to the Ministry of Agriculture in Sofia on the conference today.
The real estate, there is built - up area of 400 sq. m. and it is situated on “Shose Bankia” 7.
The building has belonged to the National center of agriculture sciences and concretely of the Institute of pedology „Pushkarov”.
The real estate is taken from the institute because of it don’t need from the building and the real estate is issuesed to the Ministry of Agriculture with goal-his more effective rule.

13.02.2008 INVESTORS CONSTRUCT IN BANSKO AND LEGALISE THEIR GROUTH IN SOFIA

More investors in apartment compounds in Bansko legalise their plans by way of the central Directorate for National Construction Supervision (DNCS) due to lower taxes, Bansko mayor Alexander Kravarov told in an interview with Pari daily
The municipality put 10 lv per sq. m. for issuing a building allow and 20 lv Per sq. m.for permitting a living documents. DNCS, on the other hand, has showed a public maximum price of 1 000 lv for a whole construction.
Contractors, however, institute a embrasure in legislation. They started straight electricity allocation interests in their holiday compounds. This sated up the class of the latter, because, careless of the region, such resources are treated as higher building categories (second and third) since electricity distribution units are regarded as a origin of harmful emissions. Hence their relevant growth are nation to government assessment and approbation. So, in other words, the government grants the habitation document - not municipalities - sharply diminish the income of the latter, Kravarov told.
Native governors are decided to end to this real even and will vote on changing adaptation on building fees. They will start impressive 20 lv. for construction permits and 10 lv for habitation documents. Thereby they will warrant themselves higher incomes.

12.02.2008 The homes in Radomir had growed with 70 percent for a year

The rates of the homes in Radomir for one year have increased with over 70 percent, the property agencies announced, BTA published.
The city is being preferred by the buyers because of the acquaintance in Sofia, the available conveyance bonds with the capital and the relatively low prices of the real estates, the craft comments.
A bachelor rooms under 20 000 levs can be fined still here, the two-bedroom apartments are sold between 25 000-35 000 levs, in dependence by the state and their location, agents tell.
The three-bedroom homes cost between 35 000-45 000 levs. The price of the houses is between 42 000-90 000 levs.

11.02.2008 Tax on real estate and vehicles in Sofia to be increased

Sofia Deputy Mayor Minko Gerdjikov said on Friday, February 8 that two taxes in Bulgaria's capital will be increased. Tax on property will increase from 1.5 per cent per thousand to 2 per cent per thousand and tax on vehicles will increase by 25 per cent. The measures are designed to limit the growth in the number of vehicles in Sofia and raise more money for repairs to road infrastructure, Gerdjikov said.

09.02.2008 A Ireland company completed second project in Bulgaria

The ireland company of investings in real estates West Properties International completed its second project in Bulgaria . Complex "Ivet" is located in resort village st. Vlas, 5 minutes afoot from her new yacht port and 10 minutes from the center of the small city away.
The complex includes 57 apartments- one room, two rooms, tree rooms and studios , each of them are luxury finished ,full furnishing and ready for rent. West Properties gives short term and long term for rent to the real estates to clients as with own tourist guide agency - West Travel, so as well on strategic partnerships with different travel agencies in Bulgaria and in all over the world.
The section for management of real estates - West Property Management -is caring for the permanent support and farming on the real estates. The second target , fully designed and realized by West Properties International, is "Ivet'.In november the company completed it’s firs project building for living located in “Budapeshta” street in the centre of Sofia.
In the next few months West Properties International will finish two more projects: complex “White Sands” in Ravda and complex “Pearl coast „in Sunny Beach. West Properties International,part of West Incorporated is Ireland company founded in Bulgaria in 2004.The company has 19 buildings in Bulgaria-in Sofia, all over the black sea coasts and other cities of the country.

08.02.2008 Bulgarian construction companies received high estimate in Mosco

The bulgarian companies grew lot of high estimate for the adeptness and the quality of their work in time of the attendance of the representation, led by the minister of the regional development and the town planning Asen Gagauzov, in Russia.
Minister Gagauzov announced that for the construction of facilities in Sochi, where the olympics will be held in 2014, investments are envisioned in size of 12 billion - 14 billions dollars, it denounces Fokus agency.

07.02.2008 The country will build golfcourse

The government decided on session today that will be make “Club-golf-development” LTD with 100 percent of state engagement in the capital.
The owner of “Golf-development” will be the state, as its stock is 9 183 00 levs, distributed, in 9 183 nominal stocks each of them is cost 1000 levs.
In the association will be included 12 real estates, private state property as unpaid installment, they are located largely in the region of country game station of Balchik. The overall value of the real estates is 9 133 000 levs.

06.02.2008 The square meter in Bansko followed up with up to 2100 euros in 2007

The market of the real estates in Bansko is one the most interesting because of that it develops quite dynamically in the last several years, but it steady his temps in 2007.
Some of the causes of this are the worries and the ambiguities around " Natura-2000" in the spring, and in the banning - order on issuing licenses of construction in the summer.
The apartments in Bansko are being offered approximately 1000 euro per sq. m.
The homes in the opening station of the ski lift - 2100 euro per sq. m. are most wanted.
The interest in the real estates in radius of 400 sq. m. around the opening station of ski lift is biggest.

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