[size=75:1bz3xn8d]novinite 22 March 2010

Bulgaria Govt Orders Demolition of Illegal Black Sea Buildings

The demolition of illegally constructed buildings on the Black Sea coast is set to begin, the Chamber of Builders in Burgas reported Monday.

The Chamber has received a letter from the Ministry of Regional Development and Public Works to collect bids for the removal of illegal constructions, all of which have been proved in court to be built without permission.

Buildings in the old town of Nessebar, Obzor, Sozopol, Kiten, the village of Emona and a swimming pool in Sunny Beach will all be removed according to reports.

Environment Minister Nona Karadzhova also reported Monday that a large number of building projects that have been approved on the Black Sea coast actually do not involve the intention to build – instead after approval the land is just sold at a larger price.

The European Commission is set to launch legal proceeding regarding some of these projects in Bulgaria, Karadzhova reported.

They should bulldoze the whole concrete jungle that used to be Sunny Beach?

Gimp wrote:

They should bulldoze the whole concrete jungle that used to be Sunny Beach?

I'l second that

[size=75:13xizhcl]novinite 23 March 2010

No Recovery in Property Prices in Bulgaria Expected Before 2011

Property prices in Bulgaria, which have already fallen by 30% in the last 12 months, could fall another 20% this year, according to experts in the real estate industry.

According to agencies such as Foros, Colliers, Address and Bulgarian Properties, real estate values will continue to fall in the next few months. The more optimistic hope they will start stabilising in the summer months but others think that no recovery is likely until well into 2011.

A spokesman for Aristo said there could be a 10% increase in values towards the end of the year but few are that bullish. According to Tsvetelina Tasseva, chief executive of Address, real estate prices could suffer another collapse if banks start putting repossessed properties onto the market.

There is growing concern about anecdotal evidence that some buyers are opting for off plan apartments that do not have full permission as they are being sold extremely cheap. But if they don't get full permission the new owners risks having a property that could be demolished for being built illegally.

Some authorities are becoming stricter in terms of planning but there is growing concern about the demolition of illegal properties along the Black Sea coast as some believe that decisions are not being made fairly.

While the bulldozing of some properties such as illegal permanent sheds attached to condominiums in the town of Nessebar are welcomed, others such as a pair of two storey houses built without appropriate paperwork on the south beach in Obzor should be legalized instead.

Campaigners also think that four single storey buildings in the Kladeri region near the village of Emona, and a swimming pool at the Delta Hotel on Sunny Beach, should also be re-considered.

'There is a big difference between illegal huts and a house where the paperwork is not straight. Rather than spending money demolishing perfectly good buildings there should be further discussion to see if the planning issues can be regularised,' said a spokesman for one group in Obzor.

There is also growing concern that new laws introduced this year to outlaw cash payments which were widely believed to be linked to corruption in the industry, are not making the market more transparent.

The property industry has also suffered from a severe fall in the number of foreign buyers. According to Industry Watch, real estate values are likely to drop by another 10% due to the decrease in foreign capital and delayed bank credit in Bulgaria. During 2006 to 2008, foreign investment in Bulgarian real estate accounted for more than €2 billion while in the preceding three years it was about €300 million. Since then it has been severely restricted by the global economic downturn.

'Bulgaria is poor in locally generated capital, and most major projects here were financed by foreign capital investment. Readily available cash on the Bulgarian market continues to shrink and while this continues there will be little opportunity for flexibility on the market,' said Luchezar Bogdanov, managing partner in Industry Watch.

Yes they should demolish all the concrete apartment and other buildings held up with scaffolding along the coast it's an eyesore and I feel sorry for the people who live near, it's about time they sorted out these sites

Not looking to good for sellers of for those who have only bought to make a profit, but for buyers its brilliant in some ways but with this uncertainty it makes me wonder what I should do? it's very difficult I know I could go elsewhere and buy a property but it's the same wherever you look

Your right scott we are in very difficult times and uncertainty is making life very difficult for all and not just the property market, I will be surprised if things pick up in Bulgaria by 2011 I think its going to take a lot longer but that's just my thoughts

sarah

I've never been there but having read a lot about the place I think some of it should never have been allowed in the first place so I think its about time and not a day to soon although I do feel sorry for those who will lose out

sarah

More doom and gloom I just hope things do get better or is this what the future holds for Bulgaria? I hope not

All I can say is "
About time"

Some of those apartments are awful, would be a good idea to get rid and rebuild

Oddy

Oddy

Thanks for that Ash ,just what us potential sellers needed !lol [You must be registered and logged in to see this image.] lifted our spirits no end!! Get the feeling you do not want us to go!!lol

What would I do without you Lou

Not looking good anywhere at the moment I'm afraid but still I suppose things can only get better and as the saying goes "
On wards and up wards"