Land Next Regulation - ID 2164

Plovdiv Property Prices To Add 15 Per Cent In 2008 14/03/2008
The city of Plovdiv now occupies second place in terms of the number of property deals, according to a chart compiled by the Varna-based Foros real estate agency. The number of transactions in Bulgaria's second largest city reached 20 000, versus 18 000 in Varna, where the market is considered much more dynamic and the number of deals is usually above the country's average. The combined area of transacted properties in Plovdiv topped 100 000 sq m. That figure is expected to double in 2008, Dnevnik daily reported on March 14. Plovdiv also outpaced all other big cities in terms of downtown property prices with a 61 per cent increase last year, according to Foros' report. Rent rates in the city rose 18 per cent on average versus five per cent for Sofia and Varna. Foros... more

Golf Tourism Development To Attract Affluent Tourists To Bulgaria 10/03/2008
Bulgaria has turned to golf, a sport not too popular in the country until now, looking to attract affluent tourists, AFP reported on February 14 2008. "Golf tourism development is very important - the regular tourist usually spends from 50 to 100 euro a day, while the golf tourist would rather spend from 400 to 500 euro," according to Kuncho Kunchev, an investor in the Black Sea Rama golf complex in Balchik, quoted by AFP. "Without quality golf courses Bulgaria will remain a cheap destination. It will continue to attract tourist flows, but without any major impact on the economy", he said. Bulgaria's Black Sea coast and its mountain resorts are popular among more "modest" tourists from Western Europe and those from the former Soviet countries. At the same time savvy... more