Realty brokers make 15% on transacted properties Bulgarian real estate brokers pocket a commission of up to 15% from the sale of holiday homes, said Teodora Dimitrova, executive director of international brokerage ERA. The national realtor commission average is 3%, up around a percentage point from the year-ago period.
According to ERA, the 3,600... Workaround found for Sofia ring road project Two of the most trafficked stretches of the yet-unbuilt section of the Sofia ring road will go underground or be mounted on trestles in a bid to jump-start the project which has been stalled by property owners resisting the routing of the motorway through their land. The work-around, which will appl... Bulgaria Q1 building permits up 40% The nationwide number of building permits rose 40% year-on-year in the first quarter of 2007, shows data of Bulgarias statistical authority released on Tuesday. The construction oversight authorities greenlighted 4,049 new buildings with a total built-up area of 2.6 mln sq m, up from 2,866 buildings... Over 150 participants in first edition of Balkan property exhibition Over 150 companies from around the world have registered for participation in the inaugural edition of Balkan property exhibition BalPex, said Nadezhda Riashi, commercial director of the event. The exhibition, to be held May 18-20 at the Inter Expo Center in Sofia, will be dominated by residential p... Municipal authorities to manage Bulgarias beaches The Bulgarian parliament Thursday decided that beaches will remain exclusive state property but left a loophole for their transfer for management to the local authorities.
The MPs began the final review of the much-anticipated Black Sea coast bill which now stipulates that beaches will be managed b...