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.
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.
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.
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.
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.
The fifth Balkan Property Exhibition BalPEx will be held from April 24 to 26 at the Inter Expo Centre on Tsarigradsko Chaussee in Sofia.The main focus of the event is on offers from Bulgaria and the region. Traditionally, the event also offers exchanges of information and experience, by offering and facilitating services with regional partners.
In light of the economic downturn and the deacceleration of the dynamics in the real estate market, construction entrepreneurs and companies are redirecting their attention towards infrastructure projects, analysis from the National Statistics Institute NSI for February 2009 has revealed, as reported by Stroitelstvo Gradut.
A gated real estate complex on Baevitsa St in Sofias Boyana borough has been granted permission to commence construction. The design has been described as original and adventurous, and the land parcel is 7118 sq m in area. The complex consists of three buildings of irregular shape. Combined together, they are said to be quot;shaped like a rainbow quot;.