Sun, Nov 08 2009
A new holiday village, conveniently located close to the golf course that is being built near the Black Sea town of Balchik, will rise on about 27 000 sq m land plot, weekly Stroitelstvo Gradut reported. Investor of the project is Britannia-Balchik Inc., a partnership with British shareholders, while the design is done by architects Svetoslav Stanislavov and Delyan Zhechev from the Varna-based Disarch studio.
Kibela Royal will be situated in the Tabiyata area and will feature one- and two-family buildings winding in a spiral-like shape, surrounding a middle ground with entertainment and recreation zones, and several outdoor swimming pools.
The buildings bend in a shape of a crescent and a single driveway entrance from the south side will lead into the complex. Every building has an adjoining parking lot, and according to the plan, there are 195 parking spaces.
There are 58 one-family houses with a total built-up area of 8328 sq m. The building's entrance faces the outer street and each one has a small backyard. On the roof there will be a large balcony, which has the potential to be transformed into a living area.
Ten of the one-family houses are connected, according to the plan, and form a different type of three-level buildings with a total built-up area of 1809 sq m. Two small blocks feature buildings with 200 one- two- and three-bedroom flats. Their total built-up comes to 16 000 sq m.
According to the plan, there will be a communal building facing the pools, which will include spa centre, a fitness hall, outdoor bar area, café on the balcony and administrative offices.
Designers have paid special attention to the village's landscaping and every building is envisioned with flower stands of its façade.
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