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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

hotel for sale
hotel Sveti VlasSveti Vlas
535 m2
€ 149000
hotel for sale
hotel RavdaRavda
800 m2
€ 645000
apartment for sale
apartment Sunny BeachSunny Beach
85 m2
€ 90000

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

> 2008-03-19 `08 deliveries to have no effect on tight office space market
> 2008-03-18 Bulgaria’s property market keeps up the momentum
> 2008-03-18 Agricultural land prices hovering at 2000-3000 leva/ha
> 2008-03-17 Arco Invest sold a part of its building on Madrid blvd., Sofia
> 2008-03-17 New Golf Village will be built near Kableshkovo
> 2008-03-17 Rooftop garden and a sky bar attractions in Bee Garden business centre
> 2008-03-17 France`s Carrefour sells Sofia development to Greek fund
> 2008-03-13 Norwegians Invest in Housing Estate in Dupnica Town near Sofia
> 2008-03-10 24 Illegal Constructions to be Demolished in Golden Sands Resort
> 2008-03-10 Bulgarian Land Development buys Bulgarian plots for 1.7 mln eur
> 2008-03-10 Fewer customers in Bansko and Razlog
> 2008-03-10 Low-rise holiday village will be built near Losenets
> 2008-03-10 Impressive building is growing on a steep plot in Smolyan
> 2008-03-04 Property Interest in Bulgarian Big Cities Moves to the Outskirts
> 2008-03-04 Ireland`s Sunday Tribune: Borovets among top places to make money from property in `08
> 2008-03-04 Lewis Charles fund invests 45 mln euro in Sofia property developments
> 2008-03-03 Sozopol municipality with special tourist estates
> 2008-03-03 Property Investment in Bulgaria
> 2008-02-29 Russians Commit Money Laundering in Pamporovo Ski Resort?
> 2008-02-28 Mortgages finance more than half of property purchases

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

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