Latest real estate news

A new holiday village, conveniently located close to the golf course that is being built near the Black Sea town of Balchik, will rise on about 27 000 sq m land plot, weekly Stroitelstvo Gradut reported. Investor of the project is BritanniaBalchik Inc., a partnership with British shareholders, while the design is done by architects Svetoslav Stanislavov and Delyan Zhechev from the Varnabased Disarch studio.

Israeli investors Tidhar Group and Asim Real Estate Ltd., in partnership with Bulgarian Investment Group announced plans to collaborate on a mutual eco project called Razlog Village All Seasons Nature Resort.

This may sound like a freakish selling technique, and most likely, many developers would find that it really is.Irish investor PJ Doherty recently began to offer his clients a free apartment in Bulgaria, if they would purchase property in his development in Milford, a resort area in the northwest of Ireland, BBC reported.

Lighthouse Golf Resort, the 70 million euro complex being built near Balchik on Bulgarias northeastern Black Sea coast, will officially open in May 2009. Some 50 million euro of the funds earmarked for

Soon enough, a mockup medieval castle, somewhat mimicking the style of Las Vegas, will meet and greet travellers in the Veliko Turnovo region. Spread over a land plot of 0.4 ha within the territory of the

A new holiday resort Kostina will be built in the mountain village of Ribaritsa, located near Teteven city, Stroitelstvo gradut weekly reported.

Data gathered by the Bulgarian State Agency for Tourism SAT indicated that three to four hotels on the Black Sea coast were filing for bankruptcy every week.

International hotel chain Riu Hotels amp; Resorts will take over at the Pravets Golf amp; Spa resort in Pravets, northwestern Bulgaria, Terra Tour Service, the investor in the project, said.Riu has signed on to run a hotel with more than 200 rooms in the resort for a period of five years. The 70 million leva complex, which has an 18hole golf course, among other facilities, has an area of 100 ha and should open for business by the autumn of 2009.

GHM, the owner and manager of a hotel portfolio of highly regarded properties such as The Datai and The Setai, said it would open a hotel in Bulgaira under its upscale brand Chedi. The local Chedi hotel will be part of the Thracian Cliffs golf resort near Kavarna on the Black Sea, resort manager Josef Halbherr said.

Irish lowcost airliner Aer Lingus announced it would start a new twice weekly service between Dublin and Sofia for its winter 2008 schedule, along with new services to Hamburg, Newcastle,Salzburg and Agadir . In addition, the company will increase the frequency of flights to a number of other European destinations, a company media statement said.