Sat, May 26 2012
Representatives of the Regional Development Ministry would discuss on Friday Bulgaria's coastal construction problems.
The regional governors of Varna and Bourgas would also take part in the talks, mediapool.bg reported.
On the same day, June 30, representatives of the Nessebar municipality would decide whether to permit construction in Irakli, one of the last wild coastal regions in Bulgaria.
Ecological organisations already said they would organise protests in Nessebar. They previously carried out a campaign collecting signatures in favour of ban on construction in the last remaining wild beach areas.
Mediapool.bg reported in the beginning of the week that various property websites offered apartments for sale in the protected areas, despite the protests of ecological organisations.
The two institutions responsible for construction control are the Regional Development and Water and Environment ministries. They are expected to discuss the problem once the Nessebar municipality has taken a decision, mediapool.bg reported.
Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.
Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.
Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.