Apartment for sale near Varna - ID 3920

The Independent: No Sign Of Property Blues In Booming Bulgaria - Focus Infomation 10/07/2008
London. Everybody knows that property prices in the UK are heading south and that the spectre of negative equity is once again raising its head. Not so in Bulgaria, apparently, the Independent writes. Last week, Bulgarian Property Developments was shouting from the Sredna Gora mountain tops after it managed to sell its logistics park in the Black Sea town of Varna for €15m (£11.9m), the valuation given to it by Colliers last Dec-ember. That is important, says its chief executive, Ivo Hesmondhalgh, not only because it helps bump up the group's cash position, but also because it goes some way to proving to investors that the group's net asset value is sound. more

Construction Boom In Apartments Continues 11/03/2008
A total of 4878 new construction permits were issued throughout Bulgaria in September 2007, 3110 of them for residential buildings, according to data from the National Statistical Institute. The construction boom in the residential sector continues to lag slightly behind demand for these properties, according to Monitor, the Bulgarian-language daily newspaper. Bourgas again 'defeated' Varna during the third quarter of the year, winning first place.  The city issued 635 permits, 534 of which were for residential buildings. Varna ranks second with 568 permits, including 442 for residential units. Plovdiv is third (498 permits) and Sofia comes fourth for new construction (406). Vidin came last with only four new residential buildings and six homes. Unlike Bulgaria,... more