Sofia City Hall To Ban Construction In Studentski Grad 01/07/2008
Construction in Studentski Grad (Students' town) borough will come to a complete halt in a matter of several weeks, Monitor daily reported, based on Sofia mayor Boiko Borissov and chief architect Petar Dikov's intentions to issue an ordinance to ban further construction of the area. It is quite possible that this will be a temporary solution, and, as of now, it not clear when the ordinance would be implemented or how long it would be in effect, Monitor daily said. A random check in Studentski grad done by the newspaper in March revealed that there were close to 60 projects in the works and just as many planned to begin in the near future. In May, Education Minister Daniel Vulchev called for a complete ban of all construction going in the area, because when the initial idea of... more

Yearround Foreign Demand For Village Houses In Bulgaria 09/03/2008
Latest property market tendencies revealed that the sales of village houses was no longer dependent on the season. Usually the demand for houses in villages was higher during the summer, 24 Chassa newspaper wrote. Over the past few years the real estate market registered a steady year-round supply and demand for such property. The majority of the investors iwere foreigners, mainly British and Irish. The number of houses on sale increases as owners of the houses hope for profitable deals with foreign buyers. Recently Bulgarian real estate owners explored ways to attract investors from other countries, including Scandinavian countries. According to imot.bg at present Bulgarian villages offered over 6 000 village houses for sale. The supply was highest in the coastal regions near... more

Bulgaria Continues Being Property Investment Hotspot 14/03/2008
Property investment group Assetz reported Bulgaria confirms its standing as leading property investment hotspot. For the second quarter of 2006 the return rate of Bulgarian property was 137 per cent, Assetz reported. In March the figure reached 116 per cent. Decreasing mortgage rates in the country make borrowing cheaper. Deposits decreased as well, guaranteeing investors bigger returns. All these developments confirmed Bulgarian property remains an attractive option for property seekers. The strentghening of the country's tourism sector and the availability of low-cost flights further increased the appeal of the local property market, Assetz said. Assetz  reported that the Greek and Polish property markets have also seen improvement in key indicators. Prices in Poland... more