10 July 2006

More property investment in Bulgaria

It was announced this week that Bulgaria's Linexa Property is planning a 20 million euro investment building a new residential complex to be constructed in Bulgaria's coastal town of Kavarna.

Kavarna's mayor Tsonko Tsonev revealed the plans for the new complex which is going to be placed near a golf course.

Construction work has began and the 420-apartment complex is expected to be completed within two years.

The complex is the latest in a series of large-scale UK, Spanish and French property investment over the past years. Some of the projects include the construction of a golf course, hotels and holiday villages.

The increased interest in Kavarna property resulted in a record income from land deal taxes. The Bulgarian real estate market has seen rapid growth and is expected to grow even further after the country's EU entry in 2007.

Other posts about Bulgaria:

1 comment:

  1. Sorr can't find any contact details on your blog. Would you consider publishing a feature I have had written on my troubles with Bulgaria as well as good points.