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Europe’s Recession Still Dragging Down House Prices In Most Markets

Bulgarian real estate

Bulgarian real estate

In 2013, real estate prices in Europe will continue to fall, predict analysts of the international credit rating agency Standard & Poor’s. The only exception would be Belgium, where property prices ​​continue to rise. The main reason for the pessimistic forecasts is the weak economic activity.

Since 2009, Belgium has been the only country that does not account for depreciation of homes, houses, offices and retail outlets. Belgian market, however, is also expected to account for delays in price growth this year.

News, Property News

Hotspots – Bulgarian Properties near Monastery Town

Dryanovo Properties

Dryanovo Properties

If you are looking for a rural retreat located in a magical area, monastery towns in Bulgaria are great for that. Take a look at our pick of Bulgarian properties near a monastery hotspot, such as Dryanovo.

 

Bulgaria’s Orthodox religious beliefs are ingrained into the country’s rich cultural and historical heritage with around 120 monasteries hidden in remote mountains, surrounded by panoramic scenery and terrific natural setting. Each monastery is unique with its own intriguing history and architectural legacy.

 

Dryanovo is also situated at the northern foot of the Balkans near Gabrovo. It lies in a picturesque gorge close to the Dryanovo River, about 4 km away from the fascinating Dryanovo Monastery, which was established by two rebel bolyars from the former Bulgarian capital Veliko Tarnovo.

 

The monastery provided shelter to many monks during the 14th century, however and the beginning of the 15th century, the monastery was destroyed by invading Ottoman troops. Later, in the 17th century, it was reconstructed to its present state. Its single nave was partly buried underground. The monastery became a religious and cultural centre boasting one of the largest and best preserved cloisters in the Veliko Turnovo region and today it as amongst Bulgaria’s most visited tourist sites.

 

Prices for renovated Bulgarian houses in this area stand at around the average for the whole country at 38,000 euros. You can still pick up a renovation bargain here for around 7,500 euros. Feel free to  have a look at our Dryanovo Properties

 

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American company maps the streets of Veliko Tarnovo

Veliko Tarnovo map

Veliko Tarnovo map

U.S. navigation company “Tele Atlas” are mapping the streets of Veliko Tarnovo. A special bus is touring the Old Bulgarian Capital, making digital images of streets, buildings, intersections, traffic signs, traffic lights and main elements of the town infrastructure.

The company aims at creating a dynamic digital map, which then will be uploaded to car sat-navs. This electronic guide targets foreigners and visitors of Veliko Tarnovo.

The company provides continuous positioning, which is controlled by three satellites. This way, no one will get lost and easily find the main attractions of the town, as well as any address in town.

Unlike traditional GPS system information, here you can see images of objects, thus making the orientation much easier.

News, Property News

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.

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Veliko Tarnovo Mayor champions review on logging activities in Bulgaria in 2013

Over the past few days the Mayor of Veliko Tarnovo, Daniel Panov, organised and has been engaged in working meetings with representatives of the North Central Bulgaria regional forest management companies occupied in logging, the police, mayors and deputy mayors of towns and villages discussing the various problems caused by logging.

Mayor veliko turnovo

Daniel Panov, Mayor of Veliko Tarnovo

During these forums held in 23 towns and villages in the municipality of Veliko Turnovo the mayor heard numerous complaints about the way in which the lumber companies de-forest and transport the cut timber.

bulgaria veliko tarnovo land property real estate mayor ecology logging

More governance is required to stop this type of deforestation within the woodlands around Veliko Tarnovo

In many places, the main issue was the lack of regulation and control within the industry as a whole! The forests and woods are being “cut to the bone” which sadly can lead to landslides and the movement of cut timber by heavy lorries is visibly destroying road infrastructure and causing major damage to private homes in Bulgaria and agricultural Bulgarian Real Estate.

bulgaria veliko tarnovo land property real estate mayor ecology logging

Huge swathes of woodland and forest has been “removed to the bone” is this about to stop in Veliko Tarnovo?

The Mayor’s personal observations were non compliance with restrictive tonnage signs of trucks down secondary roads with weak bridges, distortion of the roads and pavements, damage to drainage and sewerage systems. “Investing in repairs of streets and roads while trucks demolish the same infrastructure. Landslides on roads and roads disappearing through landslides, Subsidence of private land and cracks in the walls of houses, and bridges being damaged too. A better co-ordination between all institutions and companies to improve the activity of logging is required as a whole” the mayor said.

bulgaria veliko tarnovo land property real estate mayor ecology logging

The local road infrastructure around Veliko tarnovo is only designed for light traffic, not masses of heavy logging trucks

Daniel Panov said to the company representatives at the meeting that the goal was not to interfere with their business but only to regulate all the activities that have a bearing on all stakeholders which includes protecting local communities and the public interest by complying with regulations, instead of creating problems by destroying infrastructure and private Bulgarian properties.

bulgaria veliko tarnovo land property real estate mayor ecology logging

Large old trucks designed to get into the forests

“It is not correct or fair that the profits of some cause problems and suffering for others and damage to public infrastructure. We need to discuss and put forward legislative changes, organise a consensus and have a full understanding and then agreement of all parties to resolve this important issue, “said the mayor.

bulgaria veliko tarnovo land property real estate mayor ecology logging

Landslides and a desert instead of woodland and forest, this is a scene which cannot be tolerated around Veliko Tarnovo

In conclusion it was agreed by December 27th necessary measures were to be drawn up with the intent to resolve these problems and by January 15th, 2013 to come up with a solution at the second meeting with all institutions and stakeholders.

By this time the Regional Directorate of the Interior Ministry will take action, said Chief Commissioner Zhivko Kotsev. Limited movement of heavy timber will be via regulated routes and crossings. Anyone who violates these routes shall have sanctions imposed upon them.