2500 sq m plot of land near Yambol - ID 3629

New Complex To Offer 900 New Residential Units In Bulgarias Capital 12/03/2008
On March 15 the construction of a new residential complex will be launched in Bulgaria’s capital of Sofia. Residential Park will be built on 235 000 sq m and upon completion will feature more than 900 residential units, Bulgarian news agency BTA reported. Sofia mayor Boiko Borissov will attend the March 15 ceremony together with Bavarian minister of economics, transportation and technology Erwin Huber. German Lindner Holding is investor in the project. The complex will be of closed type and will be located in the southern part of Sofia, in proximity to Vitosha Mountain. Residential Park is part of the Sofia Park project. Houses part of Residential Park can accommodate 2000 to 3000 residents. The complex will also have parks, gardens and sports facilities. Other planned... more

2004 Property Projects In Bulgaria Produce Revenue 14/03/2008
Property investment in 2004 nearly doubled its value and produced revenue for the owners. A number of real estate projects evolved and statistics show an increase in the number of deals concluded. Since the middle of 2005 the property market began to calm down, mediapool.bg reported. Analysts said property prices could start decreasing. The Sofia property market offers various buildings, some of which still under construction. Buyers seem to be interested in unfinished property regardless of the risk. At the moment supply on the Sofia real estate market exceeds the demand, a situation normal for each market economy, analysts said. Construction companies responded to market changes through more competitive prices and higher quality, mediapool.bg reported. In the past two... more