Sat, May 26 2012
Two constructions and a facility of hotels in Pamporovo were set up without the needed construction permit, an inspection of the regional directorate for construction control shows.
A team inspected all construction sites in the resort, as well as in other populated areas in the Smolyan region, mediapool.bg reported.
Inspection results showed that two constructions and another facility were set up without permits. According to the directorate the illegal constructions would be taken down.
Some of the violations registered were the lack of proper planning, architectural mistakes and missing documentation, mediapool.bg reported.
The regional prosecution in Smolyan ordered inspection of all new property and construction projects in the region. Such inspection occurred in June, when a part of the Smolyan-Pamporovo road collapsed because of the work on a hotel.
An inspection then revealed the hotel project lacked the permit needed for such type of construction work, mediapool.bg reported.
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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.