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Bulgarian real estate prices with a slight drop

Bulgarian real estate

Bulgarian real estate

Economic forecasts for 2013 by leading Bulgarian real estate experts  do not indicate major trend changes in the property market this year.

Bulgarian property prices are expected to record a moderate decline until mid-2013 and then to plateau for the rest of 2013.

The demand in town property will be dominated by the Bulgarian buyers and will depend on the economic recovery, unemployment rates, household income and access to bank lending in the country.

In terms of vacation properties and holiday homes, Bulgaria will remain attractive for foreign home buyers from the UK, Russia, Greece, Turkey and Romania.

And while minimal changes are expected in residential properties, more significant changes are expected in the field of office/retail space and commercial properties.

Crucial factor in each market segment will continue to be the adequate pricing for the size and the state of the property, according to leading real estate agencies.

News

Winter fairy tale in Elena

snowy Elena Balkans

snowy Elena Balkans

Over 1,200 people are expected to stay in hotels and guest houses in Elena for the upcoming holidays.

All accommodations – hotels, guest houses – are completely booked for Christmas and New Year.  Elena Balkans are a preferred winter destination from locals and internationals alike.

Some of the guest houses serve the best Bulgarian food you can taste and have prepared authentic Christmas programme for visitors – traditional food, Bulgarian Christmas carol singers and much more.

Elena offers some of the most magnificent snowy landscapes you can observe.

Additionally, the Christmas Bazaar of Elena offers delicious Bulgarian cheese and meats, yoghurt, as well as Elena’s take on the traditional Bulgarian fiery spirit – rakia.

Traditionally, the New Year will be welcomed in the town centre with celebrations and fireworks at midnight.

If you’d like to treat yourself to winter fairy tale in the Balkans, have look at some of our Bulgarian houses and  character properties. Have a look through some of our Elena Properties.

Like Elena Properties?  Then don’t hesitate to get in touch with Yantra Homes.

 

News

Carol singers at Veliko Tarnovo Mayor’s office

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Little carol singers in traditional outfits at the mayor’s office

Cute carol-singers from a Veliko Tarnovo kindergarten knocked on the mayor’s office door. Dressed in traditional costumes with their heavy cloaks and pointy decorated caps, kids entertained visitors and employees of the City Hall.

The mayor Daniel Panov, his deputy Snejana Daneva and the head of Education department Penka Ignatova welcomed the little ones.

Children sang traditional Bulgarian Christmas carols, wishing everyone joy, happiness, health and success for the New Year.

A little girl, dressed in traditional costume, gave the mayor traditional bread, a handmade card and a traditional survaknitsa (a decorated cornel stick with which people tap on each other’s back, wishing health, happiness and prosperity).

In return, Daniel Panov treated them with sweets and books.

News

Facelift for Famous Veliko Tarnovo Hill

The site of Boruna with the Art Museum and the Asenevtsi Monument

Boruna, the area around the Asenevtsi Monument and the “Boris Denev” Art Museum, is to become the new Veliko Tarnovo tourist hotspot. This is part of the multinational development project titled “Cultural Heritage as Focal Point of Sustainable Tourism”, where Veliko Tarnovo partners with Greece, Romania, Germany, Austria and Italy. The fourth expert meeting was held in the Italian town of Bari.

The whole project will cost 2.5 million Euro under the Transnational Cooperation Programme for South Eastern Europe. From this budget, Veliko Tarnovo is to receive € 235 262.

Experts from Berlin Technical University and Vienna University of Urban Development have visited Veliko Tarnovo this summer to analyse the site of Boruna. They found holes under the rocks; there is a car tunnel and a rail road tunnel passing under the site and the slope of the rock isn’t very stable.

The 30,000-sqm site is to be further examined by geology and geodesy experts and a technical audit of the Stambolov Bridge is due, in order to estimate the funds that are going to be spent for the development of the site.

There is also going to be an environmental assessment of the area, as well as energy efficiency assessment of the “Boris Denev” Art Museum. These are to estimate the renovation costs of the building.

All expert studies should be ready by the end of May, 2013.

The aim is to have a development concept for the site by the end of 2013, in order to increase its attractiveness.

Partners in the project are unanimous that Boruna is going to be the new tourist and social hub of Veliko Tarnovo, where exhibitions, art installations, outdoor concerts and even fashion shows are to be held.

News

Vienna Mozart Orchestra in Veliko Tarnovo

The Vienna Mozart Orchestra have arrived to Veliko Tarnovo, adding up to the festive atmosphere going round the town.

They will put on a special concert for the connoisseurs of classical music on December, 10. The Christmas concert will take place in Vasil Levski Sports and Culture Hall at 7 pm.

The orchestra were invited to the Old Bulgarian capital by Mayor Daniel Pavlov.

The musicians from the Vienna Mozart Orchestra will be dressed in authentic costumes and wigs from the 18th century. They have required additional room to store their props, authentic wigs and costumes, as these are insured at a high value.

Cocktails will be served to guest an hour before the beginning of the concert. Tickets can be purchased at the Veliko Tarnovo TIC, Germanos Shops, Office 1, OMV and online at Eventim.bg.