Gabrovo Properties for sale

Plans For Underground Parking Lot Construction In Sofia 07/03/2008
Sofia municipality is planning to offer on concession the terrain below National Assembly Square. The terrain would be used for the construction of an underground parking lot, mediapool.bg reported. According to plan the plot would be given to a concessionaire for a 35-year period. A two-level parking lot would be constructed. Its capacity would be 203 vehicles. The potential investor would use own funds for the construction. The timeframe for completion of the construction works should not exceed two years.  Preliminary financial analysis shows the concessionaire would have to invest at least six million leva in the project. Analysts said that through parking fees, the investor would be able to return the initial investment in three years. A number of city councilors... more

Interest In Bulgarias Larger Property Decreases 12/03/2008
The interest in the purchase of three-bedroom apartments in Bulgaria was decreasing, property market analysis for the past several months showed. Two main reasons led to the trend, 24 Chassa newspaper reported. Prices of such apartments remained high and at the same time market supply has not increased. In the end of past year the interest in the purchase of three-bedroom apartments went up. Property agents said that Bulgarians were still lacking the income needed for the maintenance of larger apartments, though. Agents said that most people looked for two-bedroom apartments. Interest in the purchase of three-bedroom apartments in the bigger Sofia districts decreased on the average between six and 15 per cent, 24 Chassa reported. Demand in the central part of Sofia decreased... more

Velingrad Attracts Investors Interest 02/04/2008
Land and residential space in Velingrad, in south-western Bulgaria, almost doubled their values for a year, prompted by growing interest from developers, Stroitelstvo Gradut (Construction and the City) weekly reported. The turn of 2008 saw a surge of investor interest to spa tourism in Velingrad area. There was a significant interest in buying rural and forestry land with the purpose to invest in apartment complexes and hotels, the weekly said. Currently, agricultural land in the region trades at 15 euro a sq m on average, in certain cases reaching as much as 120 euro a sq m, which is a remarkable rise on previous year – in January 2007 farming land was offered at 15 leva a sq m.   The town master plan is currently being amended. It envisions a future growth of the urban area in the... more

The Directorate For National Construction Supervision Examined 9 919 Sites In 2007 14/03/2008
The Directorate for National Construction Supervision (DNCS) checked 9 919 building sites in 2007, examining the legitimacy of ongoing works, the availability of building permits as well as construction and habitation certificates, according to the DNCS’s annual report, cited by investor.bg. The Directorate issued a total of 2 472 acts, certifying contraventions of the Spatial Development Act. Subsequent legal proceedings have already been launched, the report said. The total number of complaints and alerts, submitted to DNCS last year, totalled 75 052, 18 083 of which were submitted with the central department and 56 969 with the regional arms. The report says that 114 administrative legal proceedings against 76 chief architects and other municipal authorities have started - in... more

Demand For Sofia Property Still Rising 14/03/2008
Interest in Sofia property investment projects is continuing to rise despite fears that there are already too many players on the market, a recent report suggests. A survey conducted by real estate investment company Karrat Group suggests that while demand for homes in Sofia is growing, it is not as easy to meet buyers' expectations as it was several years ago. According to Karrat Group's research, people now have an entirely different approach to home-seeking. They are more educated and discerning and have higher expectations. Construction companies are therefore advised to curb their tendency to simply build as many homes as fast as possible because current Sofia's property buyers have numerous requirements for location, landscape, interior design, quality of... more