Sun, Nov 08 2009

Holiday resort to be developed in Ribaritsa village

Mon, Jul 28 2008 17:25 CET bySvetlana Guineva 123 Views
Holiday resort to be developed in Ribaritsa village

A new holiday resort Kostina will be built in the mountain village of Ribaritsa, located near Teteven city, Stroitelstvo gradut weekly reported.

The resort will be situated on a land plot of 5000 sq m, and will feature 13 units of three different sizes for the total investment of 1.5 million euro.

Investor and developer of the project is Tenbul Ltd, whose owner Ivan Marinov has lived and worked in Spain for the past 10 years. Tenbul is the Bulgarian arm of the Spanish company Interbul, also owned by Marinov, which operates in Tenerife Island.

Designer of Kostina village is architect Elena Kavalska, who has designed the proposed houses to vary in dimension from 144 to 189 sq m. The design envisions modern-type developments that will preserve the features of rural style construction and landscaping. Each house will have an adjoining yard of 300 sq m, and future owners will be offered property management, 24-hour surveillance, maintenance and option for letting out.

The construction is planned to start at the end of 2008, and will be completed in two years.

Ribaritsa is a picturesque village situated in the foothills of Stara Planina Mountain, only 138 km northeast of Sofia and because of its climate characteristics, in 1963 was officially proclaimed to be a health-beneficial resort, attracting Bulgarian and foreign tourists.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgaria business property deals contracted sixfold – Forton

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.

Luxury real estate prices in Bulgaria slump by 40% - study

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.

Bulgaria's construction sector facing 'survival year' in 2010 - Minister

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.

Housing prices in Bulgaria fell 28 per cent year-on-year – official

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.

Key interchanges in Sofia will be constructed with European Investment Bank loan

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

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.