Sun, Jul 05 2009

HOTELS PROJECTS RECEIVE APPROVAL IN BULGARIA'S HISARYA SPA RESORT

Sat, Apr 21 2007 10:46 CET 214 Views

At least eight projects for hotel construction in Bulgaria's Hisarya spa resort have already received approval, Hisarya municipality said.

The town is famous with its healing mineral springs, investor.bg reported.

Bulgarian and foreign investors showed their interest in the town. Large plots feature among the most wanted terrains for the construction of hotels, spa centres and smaller vacation houses.

Prices in the centre of the town reached 70 to 80 euro per sq m. The most attractive areas are the terrains close to the mineral springs and hotel Augusta.

The new residential construction is offered at average prices of 800 euro per sq m.

The average price for small houses with yards amounts to 15 000 euro. Terrains outside Hisarya could still be found at lower prices, nearly ten euro per sq m as the prices are expected to go up soon.

Write comment

Name: Comment:
Send your comment

More in this category

Super Bourgas project is launched

The project will be financed by the Bulgarian Bank for Development, and the Joint European Support for Sustainable Investment in City Areas, or Jessica Programme, although the report has so far failed to reveal the total cost of the vast enterprise.

Varna aims to protect green areas with new legislation

The strategic plan envisages the conservation of the nature "for decades ahead", and it was formulated by a municipal team headed by professor Ivan Nikiforov, backed by Prime Minister Sergei Stanishev.

Construction of the new Sofia to Vidin railway line must start by 2013

Once the overhaul and reconstruction of the Sofia–Vidin line is complete, it will cut travel time to three hours, as the train will be able to reach speeds of up to 160 km/h, shortening the journey to three hours.

Marriott to enter Bulgaria with three of its brands

Marriott however has made it clear that is not interested in investing in construction, but rather to occupy and manage existing buildings. Its strategy is to obtain management contracts.

Colliers International: vacant office space in Bulgaria on the rise

Investors realise that it’s not viable to have a building remaining empty over the course of a year – so it's better for them to employ more flexibility to offset that loss.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

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.