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.
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 sod was turned on the Winslow Gardens residential project in Sofias Manastirski Livadi borough, investor.bg reported.With this, developer investment firm Winslow Developments, starts work on the first stage of the gated community, which will cost 105 million leva and is scheduled for completion in mid2010.
Orchid Developments, a real estate developer operating in Bulgaria, will invest a total 50 million euro to build its Orchid Gardens Varna mixeduse project, investor.bg reported on April 8.
Investment firm Winslow Developments has secured a loan of 72 million leva from Raiffeisenbank Bulgaria to fund the construction of the first stage of its Winslow Gardens residential project in Sofias Manastirski Livadi borough, investor.bg reported.
Interest rates on mortgage loans rose for the third time since 2005 in March. More than 70 per cent of mortgage borrowers will have to pay higher instalments in April, Tihomir Toshev, executive director of Credit Center, an independent loan consultant, said at a news conference on April 7.
Land and residential space in Velingrad, in southwestern Bulgaria, almost doubled their values for a year, prompted by growing interest from developers, Stroitelstvo Gradut Construction and the City weekly reported.
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.
The financial crunch and a feeble dollar are not such bad news for the United States property market, Pari daily reported.
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.