Fully Renovated House 10 mins From Varna - ID 2744

Bulgarias Property Becomes 1.6 Per Cent More Expensive 14/03/2008
Property in Bulgaria became on the average 1.6 per cent more expensive from April to June 2006. The average price of sq m of property reached 819.3 leva. The increase was highest in bigger towns and cities, Bulgarian news agency BTA reported. Property in Gabrovo gained most in price, data of the National Statistical Institute shows. The increase registered there reached 15.2 per cent. Real estate in the town costs on the average 633.8 leva a sq m. Price of property in Kurdzhali went down by 4.8 per cent. The average price there is 605 leva a sq m, BTA reported. The tendency for the most expensive property to be located in Bulgaria's capital remains valid. Real estate in Sofia costs on the average 1322.7 leva a sq m. The increase, compared to prices in the first three... more

Beach Hotels Must Be Demolished, Says Savin Kovachev 15/03/2008
Hotels built on the beach-front, or occupying a part of it, are to be bulldozed, said the regional development deputy minister Savin Kovachev in Varna, Dnevnik daily reports. But this can only be achieved if all relevent bodies do their work properly, he added. First, the Regional Directorate for National Construction Supervision has to acknowledge the illegality of the constructions and issue demolition orders, Kovachev commented. Then the court has to approve the resolution. This would then be followed by a body securing the safe demolition of the hotel in question. Procedures on demolishing such developments started in 2002-2003 but many orders issued are still in court. Kovachev added that the ministry is facing a pile of lawsuits on establishments that partially fall within the... more