Thu, Feb 09 2012
Construction of the first gondola lift above the town of Samokov will begin in October 2007.
The construction is part of the Super Borovets project and will continue 12 months, Monitor daily reported.
The capacity of the new facility will be 2500 people an hour and its speed will be six metres a second.
Borovets's new lift will reach the Markudjitsi ski runs and its route will be 9.2km long.
Simeon Peshov, president of Glavbulgarstroy, which is Super Borovets's main investor, said that negotiations with the French Poma and the Austrian Doppelmayer were held for the construction of the lift.
Samokov mayor Angel Nikolov said that the groundbreaking for the lift was scheduled for October 8 2007.
Construction of ski runs will follow the lift's construction.
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.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.