Illegal Constructions In Bulgarias Pamporovo Resort 14/03/2008
Two constructions and a facility of hotels in Pamporovo were set up without the needed construction permit, an inspection of the regional directorate for construction control shows. A team inspected all construction sites in the resort, as well as in other populated areas in the Smolyan region, mediapool.bg reported. Inspection results showed that two constructions and another facility were set up without permits. According to the directorate the illegal constructions would be taken down. Some of the violations registered were the lack of proper planning, architectural mistakes and missing documentation, mediapool.bg reported. The regional prosecution in Smolyan ordered inspection of all new property and construction projects in the region. Such inspection occurred in June,... more

Balchik Wants To Buy Back Land Containing Ancient Temple Of Kibela 23/04/2008
The Balchik municipality has expressed interest in buying back the plot of land on which the remains of the ancient temple of Kibela (the ancient goddess Cybele) had been discovered. A buy-back however, would take a significant chunk out of the municipal budget, Bulgarian news agency (BTA) quoted Balchik mayor Nikolai Angelov as saying. Angelov said the municipality had offered the current owners the chance to exchange the site for a larger plot but the offer had been rejected. The two sides could not reach an agreement about the value of a possible deal, Investor.bg said. The temple had been discovered in the spring of 2007 during excavations for the construction of an on-site hotel. The construction had been stopped by the municipality, Angelov said. The temple for the goddess was... more

Bulgarian Investors Eye Properties In The Us 01/04/2008
The financial crunch and a feeble dollar are not such bad news for the United States property market, Pari daily reported. The classic business maxim that one should buy at times of falling prices is about to attract large-scale real estate investment from all over Europe and a number of Arab countries. Bulgarian property companies, working with American partners, have already observed increased demand from Bulgarians for houses and holiday properties in the US, Pari said. “We can't talk of a massive interest in the US property market, but we've been receiving enquiries for several months now,” RE/MAX Chance group manager Simeon Mitev told Pari daily. Several locations have been turned into lucrative property investments following price slumps. Enquiries from Bulgarian... more