Newlybuilt Apartments In Varna Cost More Than In Sofia Report 14/03/2008
Newly-built apartments in Varna cost more than in Sofia in 2007, because of the limited supply in the coastal city, Stroitelstvo Gradut weekly reported on March 10. Although Sofia's residential property prices registered a greater increase than those in Varna, 45.7 versus 33.9 per cent, respectively, the average price of new apartments in Sofia was 1043 euro a sq m, compared with 1188 euro a sq m in Varna, data provided by Varna-based Foros real estate agency showed. “The main reason is the lack of large-scale residential complexes that are being developed now in cities like Sofia and Plovdiv,” Dobromir Ganev, Foros agency's managing director said. “There are several gated complexes in the planning stage in Varna, but they won't be delivered soon,” he added, as quoted... more

Bulgaria's Sandanski Welcomes Over 10 000 Foreign Tourists For Easter 30/04/2008
The mountain resort town of Sandanski in Southwest Bulgaria is welcoming over 10 000 foreign tourists for the Easter holidays, the Bulgarian private Darik Radio reported. "Our foreign guests are primarily from Russia, Ireland, and Greece", the Mayor of Sandanski Anton Totev announced. Apart from celebrating Easter, the Sandanski is also getting ready to mark the town holiday, which has been set on the first Thursday after the Orthodox Easter. This year the town holiday coincides with May 1, Labor Day, which is a national holiday in Bulgaria. The Sandanski Mayor Anton Totev explained that his administration had prepared two parallel holiday programs, which would be going on at the same. One of the two programs would be designed to fit the schedule of the Russian tourists, who are... more

Uk Media Notes Bulgarian Property Boom - Sophia Echo 10/07/2008
An article in the business section of the UK's Independent newspaper points out that one country, at least, has defied the recent trend of falling property prices and negative equity - Bulgaria. The newspaper reports that Bulgarian Property Developments "was shouting from the Sredna Gora mountain tops" after it managed to sell its logistics park in Varna for 15m euro (11.9m pounds), the valuation given to it by Colliers last December. The group's chief executive, Ivo Hesmondhalgh, was quoted as saying that the sale was significant not only because it helps improve the group's cash position, but also because it will prove to investors that the group's net asset value is sound. The Independent also noted that Hesmondhalgh's home trip to Spain was delayed because his trip from Sofia... more