Bulgaria Takes on New Foreign Debt
Bulgaria has taken on new state debt amounting to 4 billion leva
The 4-star hotel "Orpheus" in Bulgaria's winter resort Pamporovo continues to accept reservations from tourists, although it should be empty because it had been listed at a public auction.
The tender was announced on December 20 and stems from owners staggering debt to banks. It is listed for the price of EUR 11 734 980.
A week after the announcement, employees of a security company have been sent to the building to free the property. However, they found nearly 100 tourists who witnessed the violent disputes.
Despite the troubles, the hotel, which has 460 beds and is owned by the Plovdiv company "Orpheus 2002," continues to take new vacationers.
For the first 2 weeks of the year, "Orpheus" expects 430 foreigners, writes Bulgaria's "Monitor" daily.
The "fate" of those who have already arrived and those who are expected to come is not yet clear.
Sofia continues to dominate Bulgaria's housing market, securing the top spot for the third consecutive year in the construction of large residential properties.
In Sofia, the majority of home buyers are leaning toward new construction properties
The real estate market in Bulgaria maintained stability and activity during the first quarter of 2025, with strong demand despite a moderate drop in transactions compared to late 2024
Sofia Municipality is set to implement a revised framework for managing its municipal housing stock by introducing two distinct rental categories
Many home buyers in Bulgaria are increasingly favoring newly built properties
The National Real Estate Association has raised concerns regarding the proposed Bill on Real Estate Brokers
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase