Recent days brought the newest rash of announcements of planned property developments.
In a statement to the Bulgarian Stock Exchange, real estate investment trust Liam said that it had bought 10 plots of land, of a total area of 23 849 sq m, in the village of Lokorsko, about 15km from Sofia.
The use to which the land will be put was not immediately stated. Liam’s previously-announced development plan was for a 35 000 sq m gated tourist complex of apartments and commercial space in Bansko or another winter resort.
On November 9, Spanish real estate company Riofisa announced plans for a 215 million euro commercial and entertainment centre in central Plovdiv. The complex will have retail, hotel, office and residential components in a combined area of 140 000 sq m. Riofisa previously announced plans to build a 210 000 sq m commercial and office development near Sofia’s central railway station. The Sofia project is due for completion in 2010.
Another Spanish company, Fadesa, said on the same day that it would be building a 23 million euro, 36 800 sq m commercial, office and high-rise residential complex in southern Sofia, with construction due to begin in three to six months.
Outside the cities, construction giant Balkanstroy is to build a 240 million leva ski and golf complex in the Kulinoto area near Razlog, south-western Bulgaria. Completion is due within three years. The company will be building 20km of ski lifts and 60km of runs with capacity for 6500 skiers a day.
Meanwhile, although it is unlikely to influence buyers of single residential properties, a new report has confirmed that Sofia remains the most expensive place to live in Bulgaria.
According to the Industry Watch cost-of-living index, released on November 14, the capital city is the most expensive place to live, followed closely by the Black Sea cities of Varna and Bourgas. One lev buys 25 per cent less services in Plovdiv than in Sofia. Life in Rousse is cheapest among the larger cities, about 20 per cent cheaper than the capital, according to Industry Watch.http://www.sofiaecho.com
No comments:
Post a Comment