Real Estate Market In The Mountains Subsiding 08/09/2008
The real estate market in the mountains is subsiding, brokers complain.Prices have also gone down because of the reduced demand. Foreigners who want to buy an attractive property are also becoming less. Analyzers explain this fact with the bad image of the country lately and the world economic crisis which is making people more cautious in financial transactions.40-50 Euro costs a square meter of land in the Devin region. Since the beginning of the year the demand of real estate in the region decreased, representatives of the real estate agency Vipbulgarianproperties said. In the villages around Devin a square meter of land is sold for 15-20 euro. The tendency towards a higher demand of old houses continues. If you are a big enthusiast on the Rhodope Mountains, you can buy a house... more

Bulgarias Capital City To Expand Northwards, Property Agents Say Opposite 11/03/2008
Major investors plan to construct residential complexes in the northern suburbs of Sofia. Sofia chief architect (the equivalent of a city planner) Petar Dikov was to present the idea to the Sofia Municipal Council (SMC), 24 Chassa daily reported. Dikov said that his idea was that SMC define the territories for long-term development. Companies that build in the selected areas would have to undertake to construct infrastructure there, he said. Sofia’s zoning plan also foresaw development of the city to the north of the ring-road. The municipality wants to attract investors to the region by improving access. The authorities plan to construct a freeway to connect to the Hemus and Trakia highways to the east and with the road to Kalotina border checkpoint to the west.... more

New Winter Complex Opened In Bulgarias Samokov 10/03/2008
A new winter complex will be officially opened in the Southern Bulgarian town of Samokov on January 12 2008. The complex, called Boricho, has been functioning since January 4, a Samokov municipality media statement said. Boricho had an opened chair-lift and a ski-run of one km, investor.bg said. The ski-run was made on the former track to the ridge and was not very difficult. Two other ski tracks, a teahouse and a panorama-restaurant are to be built in the next phase of the project. Boriko 2007, owned by he Samokov municipality and LM Impex carried out the project. The construction began in the summer of 2006. The lift was ready for the winter season 2006/2007, but the lack of snow kept the complex from opening. An artificial snow system would be installed for the next... more