Sun, Nov 08 2009
Bulgaria's Directorate for National Construction Supervision (DNCS) has issued a total of 193 orders for the demolition of illegally constructed buildings, including 94 on the north coastline and 99 along the southern coast, DNCS head Ivan Simitchiev told a news conference in Bourgas on March 31, as quoted by Dnevnik daily.
All of the developments were located on the beach-front.
A fair number of the violations were ascertained in establishments serving food. A common transgression was their sewerage conduits being septic pits sprawling on the beach, which was highly inadmissible, Simitchiev commented.
Old construction units were found on many beaches and, consequently, the authorities had worked out demolition acts, according to the Spatial Planning of the Bulgarian Black Sea Coastline Act. These establishments had the status of temporary assembly constructions and had to be wiped out by municipalities, Simitchiev noted.
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total