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21.05.2007 PRICES OF REAL ESTATES GO UP BECAUSE OF NEW ROAD FEE

Standart News, 18th May 2007

The prices of apartments and offices will increase because of the newly introduced "road" fee: the construction entrepreneurs will be obliged to pave streets leading to the newly constructed buildings, and this will probably make them include the costs in the price of the real estates for sale. The investors will build the whole local infrastructure, water-supply and sewerage systems, Peter Dikov, Sofia's Chief Architect, announced at a conference, dedicated to the real estate market in Bulgaria, Romania and Serbia.

Currently municipalities build the road and sewerage systems, for this reason many of the newly-constructed buildings remain without infrastructure for long periods of time, which keeps away foreign buyers and investors. "It is expected that the price of construction permits will go up, too," Dikov informed.

The prices of apartments in Bulgaria have hiked by 10% for the last four months. The increase of their costs in 2006 stood at 20%. One-third of all the buyers and investors in Bulgaria are foreign citizens. They, as well as most of the Bulgarians, prefer the luxurious new housing complexes.

The price of land is rising, too, realtors informed.
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LATEST REGIONAL NEWS
More interest in agricultural land in Vidin region

15/November/2011
Focus news, 14.11.2011

The deals with properties in Vidin (Northwestern Bulgaria) are increasing, as for some of the quarters this year the increase is up to 80%. This is what Polina Stoykova – operations manager in a real estate agency – told Radio Focus -Vidin.

This increase is mainly due to the deals with agricultural land, but there are also more deals with apartments, Ms Stoykova explained. The arab... read more

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Latest News
BULGARIAN PROPERTIES offer new service Properties with Skype Viewings

17/May/2012
BULGARIAN PROPERTIES

We are extremely pleased to offer you our latest service - Properties with Skype Viewings!

BULGARIAN PROPERTIES is the first real estate company to offer skype video viewings which, in combination with the numerous properties we feature with video clips, positions our property marketing among the most innovative in the field of real estate. We work with the latest technologies as we... read more

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Lovech’s Litex Motors Manufacture First Car

18/November/2011
www.jobs.bg/hc

Litex Motors’ team of young engineers manufactured the first Great Wall car from the test production in the company’s factory near the town of Lovech. The car is Great Wall Voleex C10.

Thus Litex Motors begins testing and synchronizing the equipment and the production lines in the factory and introducing the system of quality of the manufactured cars. The qualified staff in the fact... read more

DID YOU KNOW?
Big Bargains in Bulgaria for Holiday Home Hunters

16/March/2012
novinite.com, March 15, 2012

The cost of buying a holiday home in Bulgaria is getting cheaper, which is good news for foreigners seeking a bargain deal for their new place in the sun.

According to the latest data released by Bulgarian Properties realtor, prices of holiday homes in Bulgaria have slumped by a whoppi... read more

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