Plot of land for sale near Varna - ID 3899

Orchid Convinced That Bulgaria Property Market Will Bloom. 20/03/2008
Losses have increased at Orchid Developments, a property and hotel operator specialising in Bulgaria, but the group says it exceeded expectations in its first set of results since it floated on AIM last July. Orchid (OCH) operates in commercial, residential and retail markets, and since the float has paid ВЂ21 million (ВЈ14.5 million) for three new development plots in Varna totalling around 38,000 square metres. It is continuing to develop its land bank and says land values are increasing rapidly. Five of OrchidВ’s projects are co-financed by the European Bank of Reconstruction and Development which has agreed a ВЂ30 million debt facility. This breaks new ground for the financing of real estate developments in Bulgaria, providing long-term funding that was not previously... more

The Bulgarian Scene: Golf Resorts Vs. Alternative Tourism 27/03/2008
The municipality council of Shabla town presents land for three golf resorts, money.bg reveals quoting local online daily. The construction works still hasn't started, but the project foreseen to extend over 1,400 decares seaside lands is at its most advanced phase. One of the golf complexes, which will include residential part, swimming pools, hotels, garages and perking lots, will be constructed over an area between Tiulenovo village and Shabla lighthouse (North - Eastern Bulgaria). This region is extremely sensitive in ecological relation. The eco system is from steppe type, probably the last one of its kind in Bulgaria. These terrains are suitable for conservation, because along with the rest of the regional nature and history treasures may set up a micro complex for... more