Most Expensive Property Of Bulgarias Capital Located In Ivan Vazov District 07/03/2008
Sofia's Ivan Vazov district leads in property prices, according to data of imoti.net. Apartment prices in Ivan Vazov exceed 1000 euro a sq m, leaving behind former leaders like Iztok district and the central parts of the capital. Real estate agents said several factors produced the development. Ivan Vazov is located in near Sofia's centre. The district has good infrastructure, including medical and education centres. The location of the Southern Park nearby further increases the appeal of the neighbourhood, Darik radio reported. Sofia property agencies offer nearly 180 apartments in Ivan Vazov. The average price slightly exceeds 1080 a sq m. Most property offered includes luxurious two and three-bedroom apartments. The biggest apartment covers 230 sq m and costs 185... more

Property Price Increase Tendency Still Valid In Bulgaria 07/03/2008
Though Bulgaria offers cheap property, real estate prices in the country are constantly on the rise, a lengthy article of the International Herald Tribune reads. The author tries to predict whether the trend will continue in the future. The upward trend for property prices has been valid for the past 12 years. In 2005 a sq m of residential property became 36.6 per cent more expensive, data from the National Statistic Institute shows. Despite the price increases, real estate in Bulgaria remains cheaper than property in Central European countries. A sq m in Sofia sells for 600 euro on the average, compared to the 750 euro in Slovakia's capital or the 850 euro in Bucharest. These lower prices continue attracting Western Europeans interested in property purchase, the IHT... more

Kroushouna Village To Invest 28 Million Leva In Recreational Facilities 15/03/2008
Local authorities would invest 28 million leva in the construction of a spa centre and three recreational centres in the village of Kroushouna, in Lovech region in northern Bulgaria, the mayor of Letnitsa municipality Krassimir Djonev said, as quoted by expert.bg. The village of Kroushouna has become a popular alternative tourism destination with the Vodopada (Waterfall) cave, which resembles a water labyrinth, just 800m south of the village. The area has an abundance of mineral water springs that have not been really used, Djonev said. Letnitsa municipality, of which the village is a part of, and Lovech-based holding company Litex Commerce, owned by businessman Grisha Ganchev, would set up a joint venture that would carry out the project. The municipality's contribution consisted... more