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The tunnel under Shipka peak project accelerates
The Road Infrastructure National Agency has initiated a new ambitious scheme that maps out the construction of a ring road around the town of Gabrovo, north of the Balkan mountain range in central Bulgaria, in addition to the tunnel which will be excavated under the mountain range, bypassing the Shipka summit pass, and connecting the town with southern Bulgaria, Stroitelstvo Gradut has reported.
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Date: 2009-06-08 21:00:00 | Source: Propertywisebulgaria.com
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Sharp reduction in construction of real estate
Construction of new residential real estate has decelerated drastically, according to data released by the National Statistics Institute NSI, published on June 3.
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Date: 2009-06-03 21:00:00 | Source: Propertywisebulgaria.com
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New court house in Varna will be completed by 2013
Varnas new court house, a lingering concept since 1937, and which commenced construction on four occasions in the past 72 years, will finally be constructed.
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Date: 2009-06-02 21:00:00 | Source: Propertywisebulgaria.com
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Bulgaria property returns to favour with British buyers
Bulgaria is regaining its popularity with British real estate buyers, according to the first quarter results of major UK portal Property Abroad. Bulgaria became a preferred destination during the real estate boom, but credit crunch in 2008 and the sudden oversupply on the local market have altered market dynamics.
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Date: 2009-06-01 21:00:00 | Source: Propertywisebulgaria.com
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Demolition starts on Bourgas Black Sea beach
Three buildings on the beach in the Black Sea city of Bourgas were demolished by the city hall on May 25 2009 for failing to conform to legal requirements, private national bTV channel said.
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Date: 2009-05-25 21:00:00 | Source: Propertywisebulgaria.com
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AT Kearney Bulgaria holds ground in office outsourcing
The latest rating of the global business consultant AT Kearney indicate that Bulgaria still has positive potential for outsourcing of offices in spite of the economic downturn. It is still an attractive destination, especially in the financial and accounting sectors, maintenance and development of computer systems and databases, client support, research and development and labour intensive services.
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Date: 2009-05-24 21:00:00 | Source: Propertywisebulgaria.com
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Cleves offers 18 new luxury apartments
Luxury rentals firm Cleves said on May 19 that it launched 18 new apartments with parking spaces in a threemillion euro building on Pimen Zografski Street in the Sofia borough of Izgrev.
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Date: 2009-05-19 21:00:00 | Source: Propertywisebulgaria.com
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Logistic and administrative centres are still sought after
Leading Sofiabased consulting firms have reported that perspectives for investments in industrial sites, warehouse complexes and logistics centres in the capital and the surrounding region have in fact quot;improved quot;, because the crisis has had a substantially lesser effect on rent levels compared to other types of business properties.
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Date: 2009-05-18 21:00:00 | Source: Propertywisebulgaria.com
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Elana Holding invests 30M euro in wind park
Investment firm Elana Holding has invested 30 million euro in the construction of a new wind park near the Popsko and Pashkul villages in Ivailovgrad municipality, Ivan Gerginov, the manager of wind electric power central in Popsko WEC Popsko has said. The facility, initially at least, will entail the construction of nine wind generators.
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Date: 2009-05-18 21:00:00 | Source: Propertywisebulgaria.com
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Superfluous supply and weak demand equal 19 100 sq m of new office space on offer
In Sofia for the first quarter of 2009, 19 100 sq m of new office space have been completed and made available on the market, the consultant company Forton revealed on May 12. According to the most recent report, the highest supply currently available is around the Sofia circular Road along major boulevard arteries and near Sofia Business Park.
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Date: 2009-05-13 21:00:00 | Source: Propertywisebulgaria.com
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Belfastbased construction firms look for employment in Bulgaria
Hit hard by the economic downturn, a group of construction companies in Northern Ireland are considering establishing a foothold in Eastern Europe and the Bulgarian market in particular, the Bulgarian news agency, BTA, has reported.
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Date: 2009-05-10 21:00:00 | Source: Propertywisebulgaria.com
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Bourgas mayor property owners will be obliged to renovate their homes
Bourgas home owners will be coerced, where necessary, into carrying out a major overhaul and restoration of the exterior of their properties. They will be given quot;a decent time frame in which to conduct the necessary work. In case they fail to do so, the municipality will renovate the buildings with its own resources, after which it will collect the funds through legal action, if necessary, quot; Dnevnik daily has reported.
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Date: 2009-04-26 21:00:00 | Source: Propertywisebulgaria.com
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Lake development selection programme has been approved
The official selection process for choosing the companies that will develop two large Bulgarian lakes Luda Yana and Plovdivtsi has been approved by the Ministry of Regional Development and Public Works and will take place in a fortnight, Stroitelstvo Gradut has reported.
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Date: 2009-04-26 21:00:00 | Source: Propertywisebulgaria.com
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Interior Ministry invests in Plovdiv and Stara Zagora
A new player looks set to make new investments in Bulgarias real estate market. Interior Ministry chief, Mihail Mihov, turned the first sod on April 22 to start construction on the second regional police office headquarters in Stara Zagora.
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Date: 2009-04-26 21:00:00 | Source: Propertywisebulgaria.com
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Lindner Immobile Management Investors lose 200m annually in Bulgaria
Investors in Bulgaria lose around 200 million euro annually. The reason They also have to fork out the cost of development and installation of all auxiliary infrastructure that goes with the construction of those facilities, Rossen Plevneliev, head of Lindner Immobile Management has said, during a real estate conference at BalPEx.
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Date: 2009-04-23 21:00:00 | Source: Propertywisebulgaria.com
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Bourgas Plaza opens for business
The first retail centre in Bourgas was officially inaugurated on April 24. The facility is the largest in Bourgas, and its 60million euro investment ranks among the highest in the city and municipal as a whole.
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Date: 2009-04-23 21:00:00 | Source: Propertywisebulgaria.com
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