Call
Send Email
Messenger
WhatsApp
SKYSCRAPER CONSTRUCTION STARTS IN BULGARIA’S BOURGAS IN OCTOBER
The construction of a skyscraper in Bulgaria’s coastal city of Bourgas will start in October 2007, Bourgas beach concessionaire company representative Vaklin Stoinovski said.
Stoinovski took part in a forum on the problems of skyscraper construction held in London, Darik Radio reported.
Thracian Highrise Estates, the company under Stoinovski’s management, together with the Bulgarian American Credit Bank will own a third of the skyscraper.
The skyscraper will be set up at the location of former restaurant Vodenitsata, 100m away from the beach.
Project planning began in 2004 and the construction of the building is expected to end by 2010.
The skyscraper’s height will be 54.50m. It will function as a hotel for congress tourism. An art gallery, sea museum, theatre hall, spa centre, luxurious boutiques and a restaurant are some of the additional facilities.
Regional Development and Public Works Ministry and the Transport Minister already gave their approval for the project.
The total value of the project is expected to reach 50 million euro.
View Properties For Sale in/near Burgas
Read more news
More News
Summer is here, and the real estate market in Bulgaria continues to offer great opportunities for those who are well-informed and act at the right time!
May was a month of in-depth analyses and valuable market data, showing that the market is entering a more balanced phase. Buyers are becoming more cautious, supply is gradually increasing, and successful transactions increasingly d...
After two years of exceptionally strong price growth, limited supply and euphoria fuelled by the expected introduction of the euro, Sofia’s residential property market entered a new cycle in the first quarter of 2026.
The period was characterised by existing demand, but also by more moderate activity, as buyers and sellers reassessed their behaviour.
The market began ...
The first quarter of 2026 marks the beginning of a new stage in the development of Bulgaria’s property market, which is moving from a period of accelerated transactions in 2024–2025 into a phase of normalization, characterized by more mature and rational buyer behavior.
This shift is also visible in an analysis of nearly 15,000 real searches made between January and Ma...
The market is rebalancing – and great results come with the right strategy!
April brought clear signals of a new phase in the real estate market in Bulgaria – a more moderate pace, more cautious buyers, and increasing supply. And yet, deals are happening across all segments when properties are positioned correctly.
In this more mature and competitive environment, our Agents ...
