Sun, Nov 08 2009
Photo: Julia Lazarova
Shortfalls in collection of anticipated taxes could force Sofia municipality to slash its investment programme
Bulgarian Cabinet aims to change the Spatial Planning Act for building regulation, but is likely to spawn more confusion than ever before.
The most drastic decrease is observed in the prices of residential estates along the Bulgarian Black Sea coast. Falls are observed in all market sectors nationwide but Sunny Beach, Sveti Vlas, Varna and Bourgas are experiencing sharpest reductions.
Chic real estate complex with offices under construction in Geo Milev, to be completed by the end of 2009.
The solar panels, costing more than 400 million euro, will be operational by the beginning of 2010, offering an alternative in energy diversification and creating employment in the region of Doupnitsa.
After being put on hold in September 2008, the refurbishment of numerous Bulgarian roads is set to start up again.
The banking sector's inadequate financial policies are responsible for the abysmal state of Bulgaria's construction sector, the Chamber of Bulgarian Constructors claim.
New terminal, augmented infrastructure, new electric and lighting system and new water supply and disposal network for the Plovdiv Airport – the total cost has soared by 15 million leva since December 15 2008.
A new building will house Bourgas municipality equipped with multi-storey car parks and access for the disabled.
Are the real estate and construction businesses in Bulgaria hitting a brick wall?
Despite bullish forecasts from real estate brokers, the Bulgarian property market is showing clear signs of slow down, reports by two consultancy firms show
A newly-launched website says that it ditches agents and cuts out commission to help overseas property owners sell their second homes quickly and at a maximum profit
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
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