Danish buyers snap up Byala area villas All 18 villas in the newly-opened Sun Village holiday homes complex in the town of Byala, in the coastal Varna region, have been sold to Danish buyers. The 3 mln euro complex was financed by Scandinavian holding Goodlifebulgaria group. Seven additional villas will be added to the complex at a cost of 1.5 mln euro due to buyer demand, said Sun Villa... Realty brokers make 15% on transacted properties Bulgarian real estate brokers pocket a commission of up to 15% from the sale of holiday homes, said Teodora Dimitrova, executive director of international brokerage ERA. The national realtor commission average is 3%, up around a percentage point from the year-ago period.
According to ERA, the 3,600 or so Bulgarian real estate agencies handle only ... Workaround found for Sofia ring road project Two of the most trafficked stretches of the yet-unbuilt section of the Sofia ring road will go underground or be mounted on trestles in a bid to jump-start the project which has been stalled by property owners resisting the routing of the motorway through their land. The work-around, which will apply for financing from the EU funds, was discussed a... Bulgaria Q1 building permits up 40% The nationwide number of building permits rose 40% year-on-year in the first quarter of 2007, shows data of Bulgarias statistical authority released on Tuesday. The construction oversight authorities greenlighted 4,049 new buildings with a total built-up area of 2.6 mln sq m, up from 2,866 buildings with total built-up area of 1.9 mln sq m a year a... Over 150 participants in first edition of Balkan property exhibition Over 150 companies from around the world have registered for participation in the inaugural edition of Balkan property exhibition BalPex, said Nadezhda Riashi, commercial director of the event. The exhibition, to be held May 18-20 at the Inter Expo Center in Sofia, will be dominated by residential projects but the number of office, retail and logis...