Golden Sands Apartments for sale

With residential property prices up in Plovdiv, both new and old constructions continue to see demand.

A Government centre will be built on the area near the fourth km of the Tsarigradsko Chaussee Boulevard, known as the Poligona quot;the range quot; neighbourhood, the Cabinet decided at its July 17 session.

Bulgarias long wait for an IKEA of its own is one step closer to fulfilment.

House prices for the second half of the year are expected to jump between eight and 15 per cent, real estate agency Foros forecast, as quoted by website investor.bg.

The increased cost of construction materials and the standstill in property prices will push down the profit margins of the Bulgarian construction companies by 68 per cent in 2008, local real estate brokerage Yavlena said.Currently, the profit margin per build is 3035 per cent, considerably higher than the 1020 margin typical for mature markets, the realtors said.

LS Property, one of the major investors in Bulgaria Mall in Sofia, announced plans to develop a number of projects in Bulgaria for a total of 450 million euro, website investor.bg reported, quoting the companys executive director Miles Summerfield.

The local unit of German retailer Lidl has won a competition for a 4892 sq m plot of municipal land in Pazardjik, southern Bulgaria. The company plans for the supermarket to have a builtup area of 1500 sq m and 70 parking spaces.Lidl Bulgaria upped its bid on the plot to 1.722 million leva from the initial offer of 1.5 million leva. The company is to build the supermarket in nine months. As part of the deal, Lidl Bulgaria has undertaken to invest 350 000 leva in renovating the sporting venues of the nearby Hebar complex.

The local unit of German retailer Lidl has won a competition for a 4892 sq m plot of municipal land in Pazardjik, southern Bulgaria. The company plans for the supermarket to have a builtup area of 1500 sq m and 70 parking spaces.Lidl Bulgaria upped its bid on the plot to 1.722 million leva from the initial offer of 1.5 million leva. The company is to build the supermarket in nine months. As part of the deal, Lidl Bulgaria has undertaken to invest 350 000 leva in renovating the sporting venues of the nearby Hebar complex.