Three New Residential Districts To Be Developed In Bourgas 10/03/2008
Bourgas city hall plans to build three new residential areas in the suburbs, it emerged after mayor Dimitur Nikolov and his deputy in charge of construction, Kostadin Markov, met Bulgaria Building and Construction Chamber's members and members of the Chamber of Engineers in Investment Projects, Dnevnik daily reported on February 28. Kiosheto neighbourhood, the area between Srafovo and Bourgas and Kraimorie neighbourhood will be developed as residential districts. The buildings planned for construction are two- and three-storeys, but also skyscrapers. The required infrastructure for the future residential boroughs will be built up with a concession contract or public-private partnership. The city hall plans to call the tenders in March. Bourgas mayor and the Construction... more

Reality Checks For Those Buying Properties Abroad 03/06/2008
So you’ve got the 2.4 children, the Labrador, a nice family home and good dual incomes and now the next step on the ‘keeping up with the Joneses, middle class Britain’ ladder is to acquire the property in the sun – after all, your peers all have homes abroad so you just have to have one as well.  Well stop right there – anyone reading this who is thinking of buying a home abroad just because everyone else has seemingly got one is mental mad crazy! You could say that the international property scene is not what it once was – but in truth the international property scene never was that good!  It is not easy to make money from property abroad and anyone who is heading into such an investment without having taken a reality pill first will fail and deserves to fail!  Here are the Shelter... more

Bulgaria Has The Highest Budget Surplus 12/05/2008
The money of the budget surplus should be somehow returned to the tax payers. That claims Georgy Angelov, economist of the ‘Open Society' foundation. Since the beginning of the year to the moment the surplus has raised to 1,660 000 000 BGN (880 million EUR). The data of the Finance Ministry's last report shows this amount is triple than the same period of the last year. ‘Part of the surplus of this overfulfilment of the budget, could be returned to the tax payers, firms and citizens in the form of lower fees, increasing of the assurance payments, for example. This act will also stimulate the economics - the firms and the workers themselves to invest, to work and to qualify and to receive more money. Actually, big surplus is not necessary, even in nowadays situation of... more

British Buyers Buying Property Abroad And Renting In Uk 27/03/2008
It’s not just first time British buyers who are looking abroad for their property fix, an increasing number of Britons are making the conscious decision to sell in the UK to buy abroad and rent in Britain.  Meet the Barby – someone who uses overseas property markets to get ahead, well aware that they can rent in the UK for less than they can buy now that the British property market has become ridiculously overpriced. At a time when UK landlords are being forced to admit that often, their rental income is falling far short of their mortgage payments and that nowadays, property price appreciation cannot be guaranteed, it’s no wonder that savvy British buyers are buying property abroad and renting in the UK. The ‘Emerging Trends in Real Estate Europe 2008’ report by... more

Dncs Issues 193 Demolition Orders For Seaside Buildings 01/04/2008
Bulgaria's Directorate for National Construction Supervision (DNCS) has issued a total of 193 orders for the demolition of illegally constructed buildings, including 94 on the north coastline and 99 along the southern coast, DNCS head Ivan Simitchiev told a news conference in Bourgas on March 31, as quoted by Dnevnik daily. All of the developments were located on the beach-front. A fair number of the violations were ascertained in establishments serving food. A common transgression was their sewerage conduits being septic pits sprawling on the beach, which was highly inadmissible, Simitchiev commented. Old construction units were found on many beaches and, consequently, the authorities had worked out demolition acts, according to the Spatial Planning of the Bulgarian Black... more