Bulgarian Properties

Praim Property Bulgaria ADSIC invested 64 million euro to be build the first Business park in Plovdiv – Bulgaria.This park will include four or five storey modern buildings with offices and market areas, underground parking places ,restaurants and supermarkets.

The land where will be construct the park is 48 682 sq.m and the total area is 110 000 sq.m. At this time the company is preparing the premeditated project who foresee functional buildings.

A lot of companies, the most of them foreign, will put their offices in this first Business park in Povdiv.
Important premise for good development is the correctly choice of the place where will be build the park. It will locate in Trakia region – one of the biggest quarter in Plovdiv. Other premise for well development is the university tradition.

The universities will provide the number of good skilled employees, necessary to the companies which are going to rent places in the park.

At the moment Plovdiv disposed with industrial parks and smaller complexes which include and house areas. This park is designed for administrative aims. Similar complexes are going to be build in another biggest cities in our country Bulgaria.

Prime property is the first stockholder’s association with special investment aim in Bulgaria. It invest in construction and selling of properties, rent of houses, offices and market places in Sofia and all over the countre.

The holding has 8 projects with total value of around 180 million euro. In the future Praim Property Bulgaria is going to invest in the flowing project about 25 million euro.

Banning the exchange of forest-properties was proposed yesterday during a press conference in Sofia by eco-activists of the “Sustaining the Nature in Bulgaria” (SNB) coalition. They have suggested that current “re-zoning” of the existing forests should also be terminated as soon as possible.

Forestland swapping has been introduced in order to make the state’s forest fund easier to manage. However, it is now used as a mechanism to acquire woodland plots, which are later fully chopped and built up.

A vivid example, given by Vanya Rutarova from Bulgarian Society for Bird Protection, is that of Kaliakra land plots exchanged for land in the Shoumen region. The companies that gained possession of such attractive lands had immediately started regulation procedures in order to start construction works.

The biggest problem and major flaw in the “swapping” procedure is that land which is evaluated at 1500-2000 BGN/hectare have been exchanged for similar land plots with market price of 2.5-3 million Euro/hectare. Konstantin Ivanov explained that the exchange had not been implemented as a market mechanism and that is why only the tax evaluation was used in the procedure.

According to the environmental organizations’ representatives there are numerous cases of fraudulent property swaps, many completed with the help of the municipal administrations and even the Ministry of Environment and Water Resources and the Ministry of Agriculture.

Eco-activists reminded that this was not simply a crime against Bulgaria’s nature resources, but also against all Bulgarians and the state itself. These procedures encourage corruption among public administration and also leads to incredible financial losses for Bulgaria.

Despite the enormous and overcrowded seaside resort, Bulgaria still has several well-preserved nature areas, which unfortunately are threatened to become new construction sights because of administrative procedures, violated Bulgarian and European laws and corruption driven state resolutions.

Yesterday the resolutions for establishing 10 new areas protected by Natura 2000 were signed by the Environment Minister.

The EU’s environmental programme has recently become a widely discussed issue, raising voices of protest of both eco-activists and land owners. The same day the ministry’s press service announced the new protected areas, eco-activists from “To Save Irakli” blamed the minister that he had allowed a local company to quarry rock in the area of Irakli and Emona, which is supposed to be part of Natura 2000 eco network.

The new zones included to the programme are Kotlenska Mountain, Berkovitsa, Zlatno Pole, Zhrebchevo Lake, Kamenski Bair, Boboshevo, Kocherinovo, Dolna Koznitsa, Osogovo and Skrino. Objections, proposals for changes and any written statements can be presented at the Ministry of Environment and Water Resources until May 9th.

Chakurov has decided to give a private company the right to prospect more than 100 ha of land for rock quarry and sand extraction, despite the “re-zoning” ban for Natura 2000 areas. The current ban for Emona area will expire in July 2008.

The company (named Baron and registered in Haskovo) intend to apply for concession of the area. Emona’s landowners suspect that this way the Government will try to force them to sell their lands.

According to Donka Kitanova, chairperson of the association of landowners in the Emine-Irakli area, this is an attempt these land plots to be actually stolen. Currently, prices in that area are around 200-250 euro/sq.m for agricultural unregulated land. If the alienation of the land passes approval, prices will inevitably fall down significantly.

The area around the village of Emona now the most controversial issue related to real estates market. Located north from the Sunny Beach resort, its virgin nature is still untouched by building companies.

The beach of Irakli is one of Bulgaria’s most beautiful places combining the crystal clear waters of cape Emine and the wonderful steep cliffs of the Balkan Mountain covered with green forests. Also it is not popular among foreign tourists which turns it into a real get-away and a place to escape from the overcrowded resorts on Black sea coast.

The land plots in that area are mainly owned by local people from the village of Emona, who hope to be able to sell their land. The extremely high prices and the high chance the area to be included in Natura 2000 protection plan are currently setting back property developers to invest in that area.

However, the governmental plans to alienate the land are suspected to intend to devalue the plots in favor of a particular private company, which will later develop the area as a tourist destination and will both destroy the nature of the area and leave the locals deceived and practically robbed.

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