REGIONAL NEWS
29.05.2008 First Kavarna Area Golf Resort Opens for Business
beachbulgaria.com
The resort will inaugurate the first nine of its 18 golf course holes and the golf academy. The remaining holes will be playable by August or September.
The 100 ha Black Sea Rama complex is sandwiched by another two golf resorts but is well ahead of them in terms of degree of completion.
The first phase of the residential segment of the complex, comprising some 30 houses, has been delivered with work in progress on the second segment.
Work is yet to get underway on the 35-suite boutique hotel that will cater to golfing aficionados. The owners of the resort are in talks with a major operator of premium hotel properties and should wrap up a deal within a couple of months, said Stoichev.
Black Sea Rama is 37%-owned by local businessman Krasimir Gergov. The other shareholders are Stoichev, Andrei Raichev and Svetoslav Bozhilov through Venture Equity Bulgaria.
The development is adjacent to Thracian Cliffs Golf and Spa Resort to the north and the Lighthouse golf resort to the south.
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08/August/2011
BULGARIAN PROPERTIES
The Bulgarian government has decided to give the airport in Balchik to the Ministry of Transport, Information Technologies and Communications. The government intends to turn it into a civil airport.
At present Balchik Airport is an inactive military airport. The change in its function will improve the flight services along the Bulgarian Black Sea coast, especially during the high s... read more
31/October/2011
BULGARIAN PROPERTIES
Bulgaria’s capital – Sofia – is the 17th most preferred place for buying real estate among the other European capitals, residential property investor’s site Global Property Guide writes. According to the ranking the gross rental yield in Sofia is 4.74% which compared to the other European capitals is a relatively high figure.
According to the site among Sofia’s advantages is the pr... read more
29/February/2012
BULGARIAN PROPERTIES
Varna Airport is announced to open on 29.02.2012 and it is ready to welcome guests and tourists from various destinations. The airport will renew operations after it was closed for a few months for renovation.
The project of Fraport Twin Star Airport Management for renovation of the airport pistes, in which the company invested nearly 40 million BGN, sgarted on 15th Oct, 2011. The ... read more
09/December/2011
www.ipsbmv.com
What do the distressed markets mean for the property investor? In a nutshell it means low prices and banks turning their attention from the developers to those who can actually afford to buy property from them. This means some fantastic mortgage deals in excess of 100% LTV in some areas and unbelieva... read more
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