Sat, May 26 2012
New construction season in the coastal resort of Sunny Beach began on October 15 2007.
Only two or three hotels will be constructed in the eastern part of the resort, while in the western part, nearly 20 new buildings will be erected.
Elena Ivanova, representative of the union of owners, said that the next municipal council of Nessebar would have to enforce the order from the current mayor for construction to be halted on May 1 2008.
The union of the owners said that if construction would not stop on May 1, the tourist season would be delayed.
Ivanova said that in 2007, the first charter flights arrived a month after the official opening of the season, making the summer season shorter for tour-operators and hotel owners.
If the construction season would continue to start before October 15 and end after May 1, the summer season would continue to become shorter, which would lead to loses in the tourism sector, she said.
An increasing number of tourists complained of the noise and dirt in the resort, caused by the construction sites.
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.