Bulgaria Cheap Properties

Starting March 19 the Directorate for National Construction Control DNCC will launch a series of inspections concerning hotel construction in the winter resort of Bansko. The first inspection phase will last until March 28 and will target hotels under construction and the ones set up from 2004 to 2006, mediapool.bg reported. For that period, Bansko municipality issued more than 400 hotel construction permits. In case all

Bulgaria and Latvia are among the destinations pointed as the next big thing in the property investment market. UKs advice website BuyAssociation spokesman Paul Collins told Real Estate TV that these destinations offered the best potential returns in longer term.Economic and tourism growth potential in Bulgaria and Latvia was quot;at a steady but assured pace. quot; Collins said that many of the countries which

On March 15 the construction of a new residential complex will be launched in Bulgarias capital of Sofia. Residential Park will be built on 235 000 sq m and upon completion will feature more than 900 residential units, Bulgarian news agency BTA reported. Sofia mayor Boiko Borissov will attend the March 15 ceremony together with Bavarian minister of economics, transportation and technology Erwin

Prices of property in Sofia will remain stable, while quality of construction and additional services offered will increase. Property purchasers are also to become more demanding. The property market in Sofia enters a more mature phase, Colliers International shortterm prediction said. Residential property supply is increasing and residential complexes of closed type are very popular, Colliers said.

Britons were warned to be careful when buying property in Bulgaria, because it could turn out that they are buying in resorts established illegally. Low prices and nice climate made Bulgaria one of the most popular destinations for British property investors, but the homes bought in the coastal resort of Golden Pearl may end up demolished, Daily Mail said. The resort was built in Strandzha preserve, which

Bulgarian Parliament discussed on second reading the changes in the law for ownership including a change from a banning to a restrictive regime of ownership for foreigners. Parliament will vote the texts on March 9, Parliament speaker Georgi Pirinski said. According to the ownership ban foreign citizens and companies do not have the right to own land in the country. Law changes will give the right of land

Property prices in Bulgaria increased by 10 per cent since the beginning of 2007, CreditCenter consultancy company data showed. Residential property market was calm as a result of the high prices, Focus news agency said. The supply was significant, but prices were too high and failed to meet the standard of the property. Most Bulgarians took bank credits to purchase property, CreditCenter said. Bulgarians covered

Bulgarias tourism investment company Royal Holidays will construct a complex in the town of Sandanski. The complex, called Sun Dance, will be completed by the autumn of 2007, Dnevnik daily said. Its official opening will be held in October 2007. Sun Dance will consist of a fourstar hotel and nearly 60 apartments located in 10 houses. The hotel will dispose of six onebed rooms, 66 twobed rooms and