Bulgaria Cheap Properties

BTC, the dominant Bulgarian fixedline telecom, will seek shareholder approval to transfer 100 real estate properties valued at over 281 million euro to one of its subsidiaries. The general meeting of shareholders is scheduled for September 23. BTC plans to transfer the assets as a noncash contribution to the balance sheets of one or more newly incorporated single proprietorships, according to the shareholder

The average price of land plots suitable for construction near Sofia has increased between 10 and 15 per cent since the beginning of 2008, Era Izida Properties has said, quoted by website investor.bg. Despite the abundance of offers, plot prices in nearby villages suitable for building summer houses and homes keep increasing. In the village of Rudartsi, near Sofia, for example, land sells for between 60 and 70 euro a sq m.

A design submitted by the Bulgarian firm Arhitektonika Studio has won the competition to fashion a new control tower at Sofia International Airport. The company, 33 per centowned by Kalin Dikov, brother of Sofia city chief architect Petar Dikov, won the contest, which was organised by Bulgarias air traffic services authority, beating out two other candidates for the contract. Arhitektonika Studio will be paid 177

Fewer property deals have been finalised in the Danube cities of Rousse, Vidin and Silistra since the beginning of the year, according to local real estate agencies, as quoted by website investor.bg. Supply exceeding demand, unfavourable credit terms and overpriced offers are among the factors responsible for the stagnant market, according to agencies.

Varnabased company Albatros Ve EOOD has erected the ground floor of the aparthotel Soley, which is the first concrete construction on the beach of the Black Sea village of Skorpilovtsi between Varna and Bourgas, close to the Stara Planina slopes. The only accommodation on the beach to date was the longstanding campsite but there are also other plans to construct hotels, Albatros office employee Ani Angelova

Before you embark on your voyage you will need to ask yourself some questions about your motivation for buying abroad. Many people buy in Bulgaria for romantic reasons; for others it is an entirely practical decision. This first chapter explores the reasons people come to Bulgaria to buy property. It also gives a brief outline of the history of the country and its people, which is not an entirely academic exercise but should help you to understand the character of the regions and the property market itself. The second part of the chapter gives an overview of basic information about visas, permits, taxes and other relevant matters concerning residency.

On July 31, Parliament decided to impose a memorandum on construction on existing green areas, parks, playgrounds, sporting fields and areas between residential buildings in regional centres and in towns with populations of more than 50 000. In the zones allotted for multifunctional facilities, construction without abiding by the development plans that went into effect before the publication of this

A sharp drop in the number of sales of holiday homes on the Black Sea and ski resorts is expected by the end of this year, Pari daily has said, quoting various real estate agencies. However, it is hard to forecast because there are no unified statistics about the market. Lux Imoti Luxurious Estates expects to strike 3040 per cent fewer deals on Black Sea properties and 8090 per cent fewer deals on mountain