Veliko Tarnovo Properties for sale

Israeli real estate developer Electra Group has started construction on its first Bulgarian project a gated residential community in Varna, to be named Botanic VIP Residence, the companys sales manager Petar Petrov told Dnevnik daily on March 30.

The financial crunch and a feeble dollar are not such bad news for the United States property market, Pari daily reported.

The first group of 74 foreign tourists for the new summer season arrived at Bourgas airport aboard a lowcost Sterling airlines plane from Copenhagen on March 30, Bourgas city hall said in a statement.

The resort village of Kamchiya, located 28 km southward from Varna, will attract significant investment to the tune of between 200 and 250 million euro over the next two or three years, Avren municipality mayor Krassimir Todorov said, as quoted by Bulgarian news agency BTA.

Investment company Winslow Developments has sold about 60 per cent of the apartments in its residential complex Winslow Gardens in Sofias Manastirski livadi borough even before starting construction on the first phase of the gated community, the company said in a statement on March 31.

Frenchbased leading credit management firm Coface put Bulgaria in its list of countries under surveillance due to the increasing amount of business risk, the credit insurance agency said in a statement on March 30. Coface also downgraded its country risk rating from quot;A4 quot;, which it assigned in January last year, to quot;A4 quot;.

European Convergence Property Company investment fund ECPC, the owner of Central Mall in Veliko Turnovo, said in a filing with the London Stock Exchange on March 31 that it had received a number of offers for the retail centre.

Bulgarias Directorate for National Construction Supervision DNCS has issued a total of 193 orders for the demolition of illegally constructed buildings, including 94 on the north coastline and 99 along the southern coast, DNCS head Ivan Simitchiev told a news conference in Bourgas on March 31, as quoted by Dnevnik daily.

A modern office and retail centre will spring up on the site of the former Ramstore hypermarket in Sofias Zapaden Park Western Park neighbourhood, Dnevnik daily reported. The project, which is still in an incipient stage, is developed by the plotowner Israeli national Ori Niv and his company On Bulgaria.

Property Commercial Ltd started the construction of the biggest recent building in Rousse, to be named Teodora, local news website ruseinfo.net reported on March 27. With its gross actual area of 22 000 sq m, it will be the biggest edifice in the Danube town built since 1989.