Razlog properties for sale

Lynns Home To Be Auctioned 14/03/2008
The ill-famed solicitor Michael Lynn, who has over 105 properties in Slovakia, Bulgaria, China, Spain, England, Dubai and Ireland, was alleged to have taken out multiple mortgages on several properties with major Irish banks, with alleged loan liabilities of more than 26 million euro. more

Bulgarian Banks Go Cold On Loans For Overdeveloped Resorts Consultants 01/07/2008
Bulgarian banks have started introducing stricter requirements on applicants seeking loans to buy property in Bulgaria's bigger resorts, including Bansko and Slunchev Bryag (Sunny Beach), over worries that these locations faced overdevelopment, credit consultants said, as quoted by investor.bg on June 30. Foreign nationals interested in buying property in Bulgaria and applying for loans from local banks were increasingly being asked to show their credit history for a period of up to six years, the website quoted Tanya Yakimova from Bulgarian Home Loans, a British consultancy firm that focuses on advising foreigners. Most of the property deals in Bulgaria's best-known resorts involved foreigners, most of whom treated it as an investment, which made banks wary because of the numerous... more

Construction In Bulgarias Coastal Resorts Banned During Summer Season 12/03/2008
Bulgarian government will impose a construction ban in all Black Sea coastal resorts during the summer season. The draft law for Bulgarian Black Sea coastal development was approved on second reading on April 19. The ban will include all resorts and vacation villages and will be valid in the period from May 15 to October 1. Urgent repair works in the resorts will be the only exceptions allowed. Construction of new vacation villages and the expansion of existing ones will be allowed if these have construction density of 30 per cent, construction intensity of 1.2 per cent and the average height of the building is up to 10m. Requirements for villa areas are for a 40 per cent construction density and intensity of up to 0.8 per cent with construction height up to seven m. more

Three Golf Courses Envisaged In Shabla 27/03/2008
Shabla’s municipal council has granted land for the development of three golf courses, dobrichmedia.com reported. Construction has not started yet, as authorities are presently working out project details. Chairman of the municipal council Zdravko Yordanov told journalists that the draft plan for the golf complex, which is to be located between the village of Tyulenovo and the Shabla lighthouse, is the one that is at the most advanced stage. It will be realised by Golf Shabla Jsc, which was set up in May 2007 with a share capital of 101 837 shares at a par value of 100 leva a piece as a joint venture between the city hall and Prouchvane i Dobiv na Neft i Gaz Jsc (PDNG, or Oil and Natural Gas Probing and Extraction). The latter owns 65 per cent in the joint enterprise. Shabla... more

Foros: The Real-estate Market On The Bulgarian Black Sea Coast - Investorbg 11/06/2008
Analysis of the recent years, trends, investments At least three things happened on the Black-sea coast real estate market in the last two years, announced one of the oldest and the most experienced property companies in Bulgaria FOROS, founded 12 years ago. We are actually one of: 1. The demand for properties (all kinds of) increased a couple of times. 2. The prices of the majority of properties by types rose. 3. These processes happened in a very short period of 1 to 1.5 years. What have been the major reasons for this? The lapsed period of 1 to 1.5 years outlined a number of interesting trends in the development of the real-estate market. The last 2-3 years market a lasting trend towards improvement of the market climate and increased demand for properties of diverse... more