16000 Sq.m Plot Near The Sea Coast - ID 775

Eu Entry Turns Bulgarias Resorts Into Hot Property Areas 12/03/2008
After Bulgaria’s EU accession the country became more than an attractive destination for holidaymakers. In addition it attracted an increasing number of foreigners keen on buying property, Deutsche Presse-Agentur (DPA) reported. Holiday homes worth from 400 to 2000 euro per sq m were ‘very attractive’ for foreign purchasers, DPA said. Some apartments located near the beach or ski lifts reached prices unseen before Bulgaria’s EU accession on January 1 2007. The prices went up by nearly 30 per cent just in the year before the country’s EU entry. A number of foreigners had already purchased property in Bulgaria some years ago only to sell it and make profit, DPA said. Others bought houses with gardens planning to settle in the country. Entire English villages, where all the... more

Riu Hotels To Run Pravets Golf Resort Hotel 17/07/2008
International hotel chain Riu Hotels & Resorts will take over at the Pravets Golf & Spa resort in Pravets, north-western Bulgaria, Terra Tour Service, the investor in the project, said.Riu has signed on to run a hotel with more than 200 rooms in the resort for a period of five years. The 70 million leva complex, which has an 18-hole golf course, among other facilities, has an area of 100 ha and should open for business by the autumn of 2009.Riu, which tracks its origins to Mallorca in 1953 with a small family hotel, already operates Terra Tour hotels in sea resorts Slunchev Byrag (Sunny Beach) and Zlatni Pyasutsi (Golden Sands) and in coastal city Obzor. more