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Construction Boom Moves to the South of the Black Sea Coast
2008-02-18 12:00 News from StandartNews

Construction activity in Bulgaria`s largest sea resort - Slanchev Briag (Sunny Beach) is slowly dying away. Unlike other years, the approach of the summer season does not bring herds of cranes and trucks heavy-loaded with construction materials. Any free spot near the coast have been developed. Only 17 new buildings are currently being worked on, situated in the western part of the resort - near the Bourgas-Varna road. The place has been so over-developed that anyone who wants to build a new hotel will have to tear down an old one.

About 200 hotels will work this summer in the "residential district" as Slanchev Briag is called. The whole region around it has started to resemble a Chinese village - not an inch is left unbuilt from Nessebar to St. Vlas where five new holidays villages and eleven hotels are constructed. Four new and super luxurious hotels will receive tourists in the new town of Nessebar.

The lack of undeveloped area near the caost in Nessebar area, forced investors to redirect their intentions southwards. According to Tsarevo Mayor, Petko Arnaudov, 15 new hotels are currently being constructed in the town.  As many hotels are built in Sinemorets. The place that has been for long the favourite hideaway of Bulgarian elite will no longer be able to offer peace and isolation.

For the last two years investors have been more interested in the northern Black Sea coast, although the season is shorter there. They prefer investing in holiday villages and residential complexes as well as in golf course surrounded by villas that supposedly may attract keen golfers and their families all year round.

This News is listed at news.Guide-Bulgaria.com

land for sale
land EmonaEmona
660 m2
€ 59400
apartment for sale
apartment NessebarNessebar
40 m2
€ 29730
off-plan for sale
off-plan Sveti VlasSveti Vlas
62 m2
€ 74556

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

> 2008-06-16 New residential block complex under construction in Bankya
> 2008-06-11 Boom in corporate real property financing
> 2008-06-10 Too Hot for Bulgarian Ski Property
> 2008-06-10 New generation of office projects are under construction on Tsarigradsko shose blvd
> 2008-06-09 Bulgarian Property Most Preferred in the UK
> 2008-06-06 400 mln euro mixed-use scheme to take shape near Sofia train station
> 2008-06-06 First units in Botanic VIP Residence ready by end-`08
> 2008-06-02 70 Million EUR Investment in Biggest Office Center in Bulgaria
> 2008-05-28 Sofia`s Simeonovo River Park residential development to cost 100 mln euro
> 2008-05-27 New Holiday Village near Momchilovtsi in Rhodope Style Architecture
> 2008-05-27 Mladost Sports complex in City of Varna
> 2008-05-26 Prices of Bulgaria Real Estate to Grow 15% in 2008 - Report
> 2008-05-23 Emirates Company to Invest in Luxury Real Estate in Sofia
> 2008-05-21 Sofia Property Market to Reach Growth of 25%
> 2008-05-20 New Zealand Investors Interested in Smolyan`s Village of Poprelka in Rhodope Mountains
> 2008-05-17 Foreign investment in Bulgarian property market slowing
> 2008-05-16 UK Firm Ashton Lloyd & Partners International Builds Residential Complex in Kostinbrod
> 2008-05-16 Varna housing market moves into oversupply
> 2008-05-16 Equest Sells Hotel “Serdika” in Sofia
> 2008-05-12 Ecostar 1 village in Rogachevo Attracts with its location

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

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