House For Sale - ID 213

Bulgarian Property Market May Recharge Growth Over Short Term 08/09/2008
Bulgaria's property market was treading water with holiday homes emerging as the riskiest segment, Bulgarian real estate investment fund (REIT) managers said on August 13.The ongoing fragmentation of the market will be short-lived and it should regain its brisk growth momentum within the next couple of years, according to Todor Stoyanov, second executive director at Prime Property BG, and Petar Syarov, the investor relations officer of the REIT.The holiday homes segment had been on the back foot, but demand has once again picked up over the last two months, Stoyanov said.Ski resort Bansko and sea resorts Zlatni Pyassutsi (Sunny Beach) and Sveti Vlas are the most risky property markets at the moment, the REIT's officials said. Despite the market slowdown, fears that it may cause prices... more

Nessebar Municipality Permits Coastal Construction In Bulgarias Wild Beach Area 10/03/2008
On June 30 Nessebar municipal council permitted the controversial construction work in the Irakli region, one of the few remaining wild beach areas in Bulgaria. The council refused to pass the construction ban proposed by mayor Nikolai Trifonov on grounds that it had no authority to change conditions already stated in the construction order. Representatives of 10 environmental organisations held a rally in front of the municipal council building, Focus news agency reported. The rally is supported by owners of agricultural land in the villages of Emona and Banya near the Irakli region. Local residents sent a declaration to Nessebar municipality requesting a ban over beach construction and new regulations to protect regional environment. Environment and Water Affairs and... more