Plot near Balchik - ID 3688

Albena Resort Operator To Build New Gated Community 05/06/2008
Albena, the operator of the eponymous resort, turned the first sod to Rila Estate, a gated residential community in the Byalata Lagouna (White Lagoon) resort, the company’s spokesperson Yovka Strashilova told Dnevnik daily. Byalata Lagouna, a resort adjoining Balchik, on the northern Black Sea, is known for its mineral thermal springs and curative mud. The complex, to be located on the front beach line, would occupy 21 000 sq m. The first phase alone is estimated to cost 15 million leva. Part of the dwellings have already been marketed to Russian and Romanian investors. Albena is currently conducting fortification works at the site. The start of the project represents a reversal of Albena’s 2007 plans. The resort operator intended to sell Byalata Lagouna last summer, however, it... more

Bulgaria Property Market Stays Strong In Jan 08 15/03/2008
Named the world’s strongest price riser in 2007, Bulgaria’s property market is successfully keeping up its momentum in the first month of the new year, realtors said. The capital city of Sofia and the Black Sea town of Varna are recording the most impressive growth with asking price levels in the most expensive districts nearing EUR 1500/m2, shows data of the local real estate site imot.bg The districts of Yavorov, Ivan Vazov and downtown Sofia remain the costliest residential areas in the capital, commanding prices of EUR 1467/m2, EUR 1466/m2 and EUR 1425/m2 respectively. Prices of residential property in the most expensive districts of coastal Varna, such as the Greek neighbourhood, overtake those in the capital with offers averaging EUR 1561/m2. Experts point out that the sale... more