Sat, May 26 2012
Technical passports would become mandatory for all new buildings in Bulgaria, according to changes in territorial regulations voted in parliament on first reading on August 2.
The documents would list characteristics of the construction like fire safety, noise isolation, energy saving and others, mediapool.bg reported.
Initially the document would be required for new constructions only, Regional Development Ministry representatives said.
Deputy Regional Development Minister Savin Kovachev said that the introduction of such documentation represented a step back.
According to the Regional Development Ministry a technical passport was needed to ensure energy saving in buildings.
MPs suggested some changes to the regulations between first and second reading. One of the issues that needed to be clarified was the date from which the passports would become mandatory, 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.