Real Estate news about Varna, Bulgaria

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Landmark business center in Varna will to be offered for public auction on March 21

29, Feb 2012

Landmark Centre Varna will be offered for sale at a public auction at the initial price of seven to eight million euro on March 21 2012. The sale of the Landmark business center in Varna with a guide tag of 6.7 million euro will test the attitudes of Bulgarian real estate investors toward a market [...]

Rental prices in Varna have dropped by about 20% compared with 2009

15, Mar 2011

The monthly rentals of the most common apartments in the coastal city of Varna have dropped by about 20% compared with 2009, which is an average decrease of EUR 100 in city’s all districts, FOCUS – Varna Radio reported. In 2008 a well-appointed apartment in the city center cost EUR 300-EUR 350 a month, while [...]

Bulgarian Property Developments opens in 2011 Logistics Park Ruse and Varna’s building A6

4, Feb 2011

Bulgarian Property Developments will welcome the first tenants of its Logistics Park Ruse and Logistics Park Varna’s building A6 later this year. The investor will offer modern warehouse facilities to the companies operating in the regions of Ruse and Varna. Logistics Park Ruse, which is shall be completed in Q1 2011, is situated one kilometer [...]

TimeShare Holdings is to Purchase Grand Hotel Dimyat in Varna

1, Feb 2011

TimeShare Holdings, Inc. announced that The Company has signed a purchase agreement to acquire the Grand Hotel Dimyat, located near the Seaside Garden in Varna. The Company will be providing a down payment of 10 million shares of TMSH common stock, which will be restricted for a period of one (1) year per the agreement. [...]

Nobody is responsible for cleaning of Varna’s Beaches after demolition of illegal properties

31, Jan 2011

No state institution appears to be responsible for cleaning the rubble of demolished illegal beachfront properties along Bulgaria’s Black Sea coast. After in December 2010, the District Governor’s administration in the city of Varna staged a demonstration of state responsibility, and destroyed several illegal resort properties on the very beach, two months later no one [...]

Raiffeisen Real Estate is allowed to buy Mall Varna

30, Nov 2010

Bulgaria’s Competition Protection Commission has approved the request of Austria’s biggest banking group, Raiffeisen Zentralbank Austria AG to buy out the Mall Varna shopping and office center in the Black Sea city of Varna. Raiffeisenbank will thus go ahead with the purchase 100% of Miller Mall Varna One EAD, headquartered in Sofia. RZB is the [...]

Varna’s newest mall ‘VARNA TOWERS’ has opened doors

26, Nov 2010

The Varna Towers shopping mall and office center in the Bulgarian Black Sea city of Varna has opened doors. One of the greatest attractions of the complex is the only rotating restaurant in Southeast Europe named Magnito, located on the top of the Eastern Tower. At the same time, the top of the Western Tower [...]

Prosecutor Orders Probe in Alley One Construction Scandal in Varna

22, Nov 2010

Novinite.com The Appellate Prosecutor’s Office in Bulgaria’s Black Sea capital Varna overturned for the second time the refusal of the Regional Prosecutor’s Office to probe the case involving the sale of land in the city’s Maritime Garden. The Deputy Appellate Prosecutor had assigned the probe to the Regional Prosecution requesting clarifications on the deals surrounding [...]

200 illegal buildings are to be razed by Varna municipality

27, Oct 2010

The Sofia Echo About 200 illegally built shacks and other temporary buildings, as well as fishing villages, are to be razed in the space of 20 days, the private Bulgarian television channel bTV reported on October 27 2010. Huts, some buildings considered as ‘solid’ or ‘permanent’ construction, and summer homes are also earmarked for bulldozing [...]

Sofia Outshines Varna in Luxury Properties according to Bulgarian National Revenue Agency

13, Oct 2010

Novinite.com A luxurious house with a lake, located in a village near the Bulgarian city of Varna, has impressed the National Revenue Agency (NRA) the most during the probes of upscale real estate at the Black Sea coast. The NRA’s Head of Communications Directorate, Rosen Bachvarov, has refused to disclsoe the name of the village [...]


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