Sun, Nov 08 2009
Kamen Briag
Photo: Julia Lazarova
Interest in Bulgaria overtakes Turkey, Egypt and Montenegro but ranks behind Greece.
Construction output increased by 6.3 per cent in January compared to December 2007 but it it is down 5.8 per cent on January 2007.
An Irish investment fund is buying Black Sea properties, hoping to sell them at a mark-up once the real estate market revives.
Major reconstruction work to begin near southern Black Sea coast as part of plan to improve infrastructure and ease traffic flow
Environment and Water Affairs Minister Djevdet Chakurov has issued an order forbidding construction for a year at Kaliakra, a natural site on the northern Bulgarian Black Sea coast whose preservation has been hotly fought for by environmentalists. The ministry announced this in a press statement on November 23 2008. The decision was brought about by the presence of the many plans, projects and investment offers for construction in the protected zone; their realisation would likely cause irreversible damage.
Municipality of Sozopol commissioned the Port of Bourgas to design a new fishermen port, whose construction should begin in 2009 and will be funded entirely by the state, Dnevnik daily reported, citing town's mayor Panayot Reizi. The proposed idea envisions the new port to be built behind the existing marina, which would be used only as a ship berth. Part of the plan suggests that the fishermen's boats that are now at the small harbour to remain there as one of the town's attractions.
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
Well, we shall see what will happen of it all.
Start with Oasis in Lozenets!!
Sounds like a great idea, let the de-construction begin. Wonder which one owns the demolition company.