Inexperienced investors and incompetent local authorities

Inexperienced investors and incompetent local authorities are the reason for the fiasco in the real estate sales in some resorts in Bulgaria according to the chief of UniCredit Bulbank Levon Hampartzoumian.
The person with hardly pronounceable name believes that most of the popular resorts will suffer difficulties which will reflect also on the Banks that [...]

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Why do the Brits leave?

A recent article in Capital newspaper discusses the reasons that led to decrease in real estate sales in the last year. It is not a secret that after the initial boom currently there are about 20 000 apartments for sale in Bansko and over 200 000 on the Black Sea. Their number is increasing every [...]

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Local elections in Bulgaria. And the winner is…

As you can imagine the winner is… mafia which tightens the grip. In the case with Bansko and the surrounding areas the “good” old mayors remain the same. One can easily see how much money are invested and about to be invested in the area so there is no interest to play “free” elections.

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Illegal construction in Bansko

Since everyone is aware that very few buildings in Bansko are built legally here is the big surprise for those who believed that the law rules in Bulgaria.
Below you will find a scanned document issued by the highest authority in Bulgaria dealing with construction, the National Directorate of Building Supervision, issued on 26 July 2007.

The [...]

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