Bulgaria Cheap Properties

Lewis Charles Sofia Property Fund announced it would receive 1.89 million euro in gross proceeds from the sale of part of its project in Sofia, Thomson Financial said. Lewis Charles sold 10.3 per cent of the total build area of its project to an unnamed insurance fund, based in Athens, according to investor.bg.Gross revenue from this disposal, the first made by the fund, would be 10.49 million euro, including development costs and profit share, Thomson Financial quoted the company as saying.

Prices of real estates in Bulgaria during the past years go up vastly. At first sight it looks very difficult for some people to take advantage of this. The purchase even of just an apartment doesn`t fit everybody`s pocket and it is impossible to think of something bigger. Besides that the following maintenance of the [...]

Days after real estate investment trust Equest Balkan Properties announced that it would sell some of its assets in Bulgaria and other neighbouring countries, it announced that it had sold the former Hotel Serdika to Uniqa Real Estate, the real estate subsidiary of Austrian insurer Uniqa, Dnevnik daily reported on May 15.

Swiss concern ABB gave the goahead to a project to build a 20 million 12.92 million euro plant near Bulgarias second largest city Plovdiv, the concern said in a May 15 statement.The plant will become an internal supplier for ABB, which will manufacture automated components in other factories of the concern.

It’s a choice you’ve got to make when house hunting abroad – buy an off-plan property or an older, resale one. So what are the real pros and cons of both choices?
At the moment it is likely that approximately a hundred thousand holiday homes are for sale ‘off-plan’ around the world.
Which means they are being [...]

There already are new Genral Regulations Plans of the Black Sea Municipalities and the time scale for them to be executed is 2 years. The Genral Regulations Plans for Pomorie and Primorsko are about to be voted. So are the plans for Sozopol, Tsarevo and Shabla. They are still working on the plans that have [...]

The preferences of the clients are relocated into homes and offices far from the center of the big cities. The overbuilding of the central parts in the big cities brought certain loss of interest from the candidates to own real estates. At the same time the interest in the peripheral parts of the city has [...]

Orchid Developments Group won the award for an investor of the year in the building business. The prestigious award was accepted by the project advisor Eli Egozi during the ceremony for “Person of the year”.

“We are very happy for this acknowledgment”, shared Eli Egozi and she didn`t hide the fact that they have intentions for [...]

 The usage of sea sand for building purposes is dangerous! The usage of sea sand for building purposes is dangerous!

This was announced by experts, after it came clear the material has been used by the developers building vacation complexes on the Black Sea coast.
There were more than 100 fines given for similar irregularities in 2007. [...]

Poor infrastructure, polluted beaches, low standards of construction, noisy building sites, poor service and bankruptcies will put Bulgarias Black Sea resorts under pressure this summer, British newspaper The Telegraph reported on May 9.Problems with the power supply, refuse waters and pollution have persisted last summer and have made an appearance this year already, although the tourist season is yet to start properly, the paper said.