Latest real estate news

Bulgarian authorities have issued 3505 construction permits in the first quarter of 2008, a decrease of nearly 25 per cent over the previous three months, data from the National Statistical Institute data showed on May 21.

Bulgarian authorities have issued 3505 construction permits in the first quarter of 2008, a decrease of nearly 25 per cent over the previous three months, data from the National Statistical Institute data showed on May 21.

Petar Pandourski was dismissed from his post as head of Defence Ministrys state property executive agency, the ministrys press service said on May 8 2008.The reason why Defence Minister Nikolai Tsonev had decided to sack Pandourski was because he did not carry out Tsonevs order to halt deals involving swapping real estate owned by the ministry, the statement read.

The building that currently houses the interior ministrys museum and which is state property, will be transferred to the justice ministry for use by the prosecution, Bulgarian parliament decided on April 30.

The high prices of land mixed with high expectations of local entrepreneurs were the main problems of Bulgarias residential property market. Pablo RodrguezLosada general manager of Spanish developer MartinsaFadesa said on April 16 2008 as quoted by Dnevnik daily.

Bulgaria needed a strategy for attracting foreign investments in other sectors besides real estates in order to have sustainable development, Rosen Plevanliev general manager of Lindner Bulgaria told participants at the second regional conference Balkan Real Estate Conference BalREc on April 16 2008 as quoted by Dnevnik daily.

Bulgarias Transport Ministry extended the deadline for bids in the tender to pick a concessionaire for the Rousse airport to May 7, weekly Stroitelstvo Gradut reported on April 14.Bids would be opened no later than May 21, according to Bulgarias regulations on public tenders.

A referendum in Sozopol municipality on the construction of BourgasAlexandroupolis oil pipeline was announced invalid on April 6 as turnout was below the necessary minimum of 50 per cent. Slightly more than 30 per cent of the 12 000 residents of the municipality voted, Bulgarian language daily Dnevnik reported.

People living in the centre of Sofia have been forced to leave their personal data exposed in their windscreen if they wanted to park for free in front of their homes in blue zones, or areas where parking is paid.

US investment bank Merrill Lynch, hired to advise the sale of Kremikovtzi steel mill in Bulgaria, has asked several extra weeks before choosing the best candidate, the press service of theEconomy and Energy Ministry said on April 4.