- The mall fever lowered the rents, over 500,000 sq. m GLA is expected to be delivered in Sofia for the coming four years. There is a real danged of real property oversupply in the coming three-four years according to the survey of the consultant MBL. The interest to the sector keeps on being very strong despite the slow growth of the purchasing power of the population and the start of large-scale retail projects of regional and local importance. A very big part of the shopping centers which are currently at a design phase or under construction in the big cities of the country will be completed at one same moment which could influence the rents as well as the concepts of the projects that have not started yet. The main factors are the supply point of retail space in a specific zone or the existence of concrete projects with better location and strong key tenants. Sofia is the leader in this country with 517,000 sq. m retail space ready to be leased within three to four years, of them 144,000 sq. m are already under construction, the rest of 373,000 sq. m are at a design stage. In Plovdiv there are three malls under construction of 87,000 sq. m GLA with some more projects under development.www.stroitelstvo.info/show.php

The popularity of Sunny beach on the UK market grows. It is indicative that a number of charter flights are re-located from Varna to Bourgas airport. Solving the infra-structural problems will bring more tourists from Belgium and Austria as well.

All accommodations for the next summer season are already booked, says Elena Ivanova, chair of the Union of entrepreneurs. So far the largest number of tourists come from Germany, second next are the British, and Scandinavians are to be on the up soon because several new tour-operators from these countries show interest to the resort. Another issue concerns Russian, Ukrainian, Serbian, Macedonian, etc because of the visa regime. The biggest number of the Russians is looking for 5-star and higher hotels.  http://frognews.bg/Frog/index.php?option=com_content&task=view&id=3097&Itemid=120

Bulgaria saw the world’s strongest house price growth in 2007. House prices rose by 30.6% by the end of Q3 2007 year-on-year. Bulgaria is followed by Shanghai and Singapore. The US housing market crashed, and Europe are due to higher interest rates. Shanghai’s house prices rose by 27.85% to end-Q3 2007.
Bulgaria saw the world’s strongest house price growth in 2007. House prices rose by 30.6% by the end of Q3 2007 year-on-year. Bulgaria is followed by Shanghai and Singapore. The US housing market crashed, and Europe are due to higher interest rates. Shanghai’s house prices rose by 27.85% to end-Q3 2007.
www.bulgariaconstruction.com/

Belasitsa has been declared a natural park. The decision is to be promulgated in the State Gazette. The 117 324 000 sq m park is located in the Slavyanka mountain on the border with Greece and Macedonia. Water and Environment Minister Dzhevdet Chakarov signed the ordinance on the new natural park on 22 December 2007. Konkura reserve is also part of the new park. The felling is forbidden in the century-old forests. The ordinances declaring Doychov Island, Murvatska River, the Bliznatsite islands, Gerena and Mladezhka river's cave and springs protected natural areas were also signed. 

 http://www.bulgariaconstruction.com/