Sun, Jul 05 2009
The first 2007 issue of PropertyWise, the specialised real estate magazine of Sofia Echo Media, is already available online.
At www.propertywisebulgaria.com readers can learn more about the impact that Bulgaria's EU entry had on the local property market.
On January 1 2007 Bulgaria achieved its long pursued goal and became member of the EU. Real estate agents predicted that the accession will cause a new property market boom. Expectations of the development led to market growth in advance.
PropertyWise tries to find out if these predictions came true. All of the analyses, interviews and reports are already available free of charge at www.propertywisebulgaria.com.
To enrich its content the website also features daily news about the latest property developments, statistics and deals in Bulgaria.
PropertyWise is a bi-monthly publication, coming out the last Friday of every other month. For more information visit its website www.propertywisebulgaria.com or write to editor@propertywisebulgaria.com
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.
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.
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 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.
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.