House For Sale - ID 1758

Resort Operator Albena To Sell Two Seaside Projects 03/11/2008
Bulgarian resort operator Albena AD has put up for sale its upscale holiday complex in Byalata Lagouna (White Lagoon) area, on Bulgaria's northern Black Sea coast.The project is up for grabs for 42.5 million euro, and comprises two units of 177 flats, a spa centre with an indoor and an outdoor swimming pool, a beach, a tennis court, a restaurant, a sweet shop, a supermarket and a parking lot.Albena unveiled in June plans to build on the 2.2ha land plot after failing to sell it. The complex should be finished by the end of 2010 at a cost of 17 million euro.The resort operator has also put up for sale its Balchik Gardens project due to sprout in the coastal town of the same name. The investor is asking for eight million euro, VAT excluded, for ten buildings of up to five floors with a... more

Economic Gloom 'not Impacting On Tourism' 10/07/2008
Economic problems in the UK are not putting people off booking holidays, it has been revealed. According to the Association of British Travel Agents (ABTA), holidays are now widely seen as a necessity and not a luxury. Therefore, many are cutting back on their spending in some areas in order to make sure they can afford a trip to foreign shores. Sean Tipton, spokesperson for ABTA, commented: "We are in a situation which is potentially quite depressing. "One way to escape the current economic gloom is to take a foreign holiday." He added that the poor weather in the UK has also contributed to the desire to book a trip overseas, as areas such as the Mediterranean offer consistently good weather. This contrasts sharply with Britain, which has been tipped by the Met Office to see... more