UK investment fund Lewis Charles Sofia Property Fund will provide finance for the construction of a holiday village near the village of Banya, not far from the Bulgarian ski resort of Bansko. The fund already signed a contract with Bulgarian Winslow Developments to regulate and develop the project, Bulgarian National Radio BNR reported. The project in Banya envisages holiday village including tennis courts,
Bulgarias real estate market would soon reach its saturation point, while Romania still had options to develop, The Diplomat Bucharest reported. Some areas in Bulgaria are already overdeveloped, agents said. Coastal resorts like Sunny Beach experienced overconstruction, which in turn affected the plans of investors. Coastal areas in Bulgaria and Romania, as well as the region surrounding the capital cities offer
The first 2007 issue of PropertyWise, the specialised real estate magazine of Sofia Echo Media, is already available online. At www.propertywisebulgaria.com readers can learn more about the impact that Bulgarias EU entry had on the local property market. On January 1 2007 Bulgaria achieved its long pursued goal and became member of the EU. Real estate agents predicted that the accession will