House for sale near Varna - ID 3872

No More Cheap Property For Sale In Bulgaria 09/03/2008
Buying cheap property, even in Bulgaria's small villages, was becoming increasingly difficult, Bulgarian daily newspaper 24 Chassa reported. Even if village houses were to be found, prices were no longer as low as in the recent past. In the past five years property prices in Bulgaria increased fast, 24 Chassa reported. The process affected village property the latest. Increased investor interested in village property, however, quickly resulted in price jumps. The growth rate began slowing down in 2005 and 2006. Because of the trends in the past few years cheap property could be found hardly, 24 Chassa reported. Investors and agencies bought cheaper property in some of Bulgaria's small villages and after some renovation works offered it for sale at prices much higher... more

Projects South Of Burgas For 350 Million Euro Suspended 21/11/2008
Construction investment programmes for a total value of 360 million Euro have been temporarily suspended because of the economic crisis.This relates to objects south of Burgas, concerning the tourist towns of Sozopol, Primorsko, Tzarevo, Ahtopol as well as the nearby camps in-between them.Investors have suspended the financing, which means that a new wave of construction workers will go on the market, while the firms in the industry will continue to have serious liquidity difficulties.Six village settlements, three apartment complexes, hundreds of new buildings, as well as 12 hotels in construction have temporarily suspended all activity.This does not include the highly publicized project of the businessman and owner of PFC "Levski" Todor Batkov, which planned the construction of a... more