News For Bulgarian Estates and Property Market

21
Aug. 2009 Stable development of the property market remains a priority despite crisis The stability development of the real estate market remains among the highest priorities for business despite deteriorating climate. This was showed by the latest global survey of the problems of sustainable development in the sector led by the Royal Institute of licensed real estate appraisers (RICS).

About 40% from the representatives of companies from the real estate sector, who participated in the study, believe that the stable development is more important issue for their clients now than it was last year. Nearly half of the investigated people believe that the degree of the importance of the problem is unchanged, while below 10 % believe that it is lower than last year.

In UK 33% of the experts believe, that the problems related with to the stable development are essential, but 17% are minor.

Total 28% of investigated people indicated the most important issue the energy effectiveness. About 22% these are ecological problems related to transport and 19% consider the most significant excess consumption of natural recourses.

Earlier this week was it was announced that EU earmarked a total of 200 billion EUR on various programs to support the construction sector of sustainable development.

Recently it became clear that the European Commission has launched a pilot project which aims to develop a system for environmental assessment of commercial buildings.

02
Apr. 2009 beautiful Bulgaria project continues In 2009 some 241 sites on the territory of the country will be renovated with finds from the state budget under the "Beautiful Bulgaria" project.
A total of 21 million euros will be allotted for the purpose. The money will be allocated to 160 Bulgarian municipalities, which have successfully worked out and defended their projects for the renewal and embellishment of the respective settlements.

"Beautiful Bulgaria" is one of the most successful Bulgarian socially targeted projects. Its basic purpose is to facilitate unemployment in the country by engaging jobless people in construction works with the aim of improving urban environment. The project was launched in 1997 with the assistance of the UNDP. It expanded with the years encompassing a growing number of municipalities. As of 2005 "Beautiful Bulgaria" is ruled entirely by the Ministry of Labor and Social Policy. About 1800 jobless people have so far been engaged in the project, while nearly 12 thousand Bans have changed their qualification moving in the sphere of construction works. The idea for people in this country to inhabit more beautiful and comfortable environment with renewed administrative buildings, churches, schools and reading houses has attracted a growing number of Bulgarian municipalities. In most places local administration has worked out various projects for applying for the financial support of "Beautiful Bulgaria". In late 2008 the project was included in the government plan of action for achieving economic stability in the conditions of a world financial crisis. Here is the comment of Bulgarian Prime Minister Sergei Stanishev:

"We realize that Bulgaria like all other EU countries is entering a harder period of time in view of the economic environment on an international plane. That is why we have looked for all possible ways of supporting the economy, the employment of people and preserving as far as possible their jobs. So these 241 projects are related to improving the social infrastructure, as well as the helping of small business in the tourist branch and the municipalities in general. The projects would guarantee 6400 jobs for people who would be building the respective sites all over the country and will help the re-qualification of 4 thousand Bulgarians. Thanks to this ambitious programme some 1600 permanent jobs would be provided."

I think that with the successful fulfillment of "Beautiful Bulgaria" we successfully proved that we have learned not just to walk but to firmly set foot and manage large-scale projects, said Bulgarian Minister of Labor and Social Policy Emilia Maslarova and added:

"Nearly 70% of Bulgarian municipalities are making use of this project. That shows that we have learned to manage projects. Municipalities made their best to teach people how to earn projects. We tried not only to renew culture and historic monuments in Bulgaria, our churches, reading houses etc. but also to improve our social infrastructure. So far we have renewed 100 nurseries and kindergartens. Furthermore almost 400 social homes and day care centers have been supported one way or another by the project. I think that the repair of 241 sites on the territory of 160 Bulgarian municipalities in the course of the next 12 months is an extremely ambitious task, which we are quite capable of coping with", said in conclusion Social Minister Emilia Maslarova.

05
Mar. 2009 Bulgaria real estate prices increased by 2.2 per cent in real terms in 2008 Bulgaria is one of a handful of countries across the globe to see its property prices rise amid the economic meltdown last year, according to the annual report by Global Property Guide, which gauges 32 property markets in the world.

Real estate prices in Bulgaria increased by a nominal 11.72 per cent, or 2.2 per cent adjusted to the annual inflation rate, ranking the country fourth after the UAE, China and Switzerland.
But the modest increase pales in comparison with figures from the previous year, when prices surged 11.7 per cent.

The downtrend held in the final months of the year, with prices falling 5.3 per cent quarter-on-quarter in October to December, according to the research.
Property prices crumbled a record 37 per cent in Latvia and more than 20 per cent in Lithuania and the US. The United Kingdom, Iceland, Ukraine and Ireland saw prices slide by more than 12 per cent year-on-year. Only Germany and Switzerland managed to curb the slowdown.

Global Property Guide is downbeat about 2009 as well, citing concerns that mortgage lending will continue to thin out and economies will slow further all over the world. Yet another bottleneck are decisions by some governments to devaluate their currencies, which increases the cost of payment of properties sold mostly in euro and US dollars.

Forecasts that the global economy is headed for a 60-year low at 0.5 per cent in 2009 are another nail in the property market’s coffin, according to the analysts.

24
Feb. 2009 Double tourists in Belogradchik Double tourists in Belogradchik expected this year compared to last.

This was announced at a meeting of the Civil Council of the Municipality - Mayor Emil Tsankov. Estimates are that this year in Belogradchik rocks will be visited by about 200 000 people, which is twice more than in the past tourist season.

The National campaign for the nomination of Belogradchik rocks for a new seven natural wonders of the world will contribute to the increased flow of tourists in the municipality.

According to Tsankov , this requires urgent construction of new parking lots in the city.

More than 15 national media reflected the nomination of Belogradchik rocks, which are now first in the category "Caves, rock formations and valleys.

Until now for the natural phenomenon have voted more than 3.5 million people in the country and Australia, New Zealand, South Africa, USA, Canada, China, Russia, Ukraine, Hungary and others.

In the area of the village Rabisha, near to cave "Magura" will begin construction of three new hotel and holiday village this year -specified by the municipality.

18
Feb. 2009 Hydrotermal springs on Mars American astronomers described formations on the surface of Mars that may have existed in a hot springs, announced MSNBC.

In the hydrothermal springs on Earth living organisms, which according the scientists are the closest relatives of the first organisms on our planet.

The existence of such springs on Mars is important for the opportunity to be discovered alien life.
On Mars there are many signs showing that the planet once was warmer and more humid. Opens at the end of the Arabia Terra region were taken from the space apparatus "rikanisans orbitar Mars”.

They like many of the hot springs on Earth, "said author of the study of cosmic Carlton Allen from the space Center “Johnson”.

The form of hills and canals that run from them look like of the earth. They are in a deep crater with steep slope and may be fed by water sources below the surface of Mars.

Scientists are not sure of the origin of the formations, neither what is their, because there is no data.

On the Earth, the areas around hot springs are with a special mineral composition. If there are such on Mars, it will confirm the discovery.

"Mars rikanisans orbitar” has a tool that can study the composition, but it prevents the fat layer of dust.

Hydrothermal formations appear to be quite rare on Mars, because Alan and his colleagues have reviewed thousands of pictures and found no others.