Sun, Nov 08 2009
Varna-based company Albatros Ve EOOD has erected the ground floor of the aparthotel Soley, which is the first concrete construction on the beach of the Black Sea village of Skorpilovtsi between Varna and Bourgas, close to the Stara Planina slopes. The only accommodation on the beach to date was the longstanding campsite but there are also other plans to construct hotels, Albatros office employee Ani Angelova told The Sofia Echo on August 5.
Albatros is now selling its project and its additional construction for 2.5 million euro, Angelova said.
Soley is 150 m from the beach. It comprises more than 2798 sq m, 1081 of which will be built on, Bulgarian-language daily Dnevnik reported on July 31. It is planned to be a five-storey development with 90 apartments. Prices of flats will vary between 1100 and 1550 euro a sq m depending on size and location. Additional parking spaces and garages will also be sold for 8400 and 10 500 euro respectively. A restaurant and piano bar are also planned to entertain guests.
Spa tourists will not miss out either because Skorpilovtsi is also home to the nearby natural mineral water springs. The beach has been free of construction for many years because Skorpilovtsi is close to a nature reservation for rare plant and animal species.
Apartments are already up for sale, Angelova said. According to Albartos manager Violeta Vicheva, Russian investors have already expressed an interest in buying apartments in Soley.
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