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Deluxe Villages Replace Concrete Jungles at the Seaside
400 hotels await buyers, nevertheless construction frenzy at the resorts does not abate

Twenty-five years ago, the designer gave David Hoppit a tour of her beloved chateau. Now for sale, he revisits the fantasy French market

A ceremony related to the turning of the first sod of the Super Borovets Project was held on October 8th in the area of Pashenitsa, near the town of Samokov.

House prices in the overheated markets in Europe have begun a downturn , writes Ambrose Evans-Pritchard

  Intense construction works are in full swing by the southern slope of Snezhanka peak, and their pace is bound to reach the pace attained to the north and east, where Pamporovo is located. At present nine hotels and apartment complexes are being built amidst the picturesque Smolyan lakes, which the Ecology Ministry declared to be natural landmarks of national importance.

  The speed-up of the construction work is yet to come, since the largest number of sites are actually planned to be located just below Snezhanka peak, where is the starting lift-station leading to the peak. It has a capacity of 620 people per hour, and from there one has access to the resort’s entire 28 km ski-track network.

  The total beds number, including chalets, rest stations and small hotels is 460. Tens of other properties are currently waiting for the appropriate moment for the obtainment of a construction permit and construction start. Hristo Stoichhkov and the businessman Valentin Zlatev are among the investors.

  The football start owns a property next to the chapel “St.Spirit”, some meters away from the lift leading to the Snezhanka peak, where the cataion resort is to be located. He bought 16 decares two years ago. Zlatev intends to build a complex of ultra-modern houses. In order to be sure they would be unique, a international design competition is expected to be announced.

  "Evropa Tower" - this will be the name of the 40-storey and over 180 meters high building which will be built on the site of the former factory "Balkancar-Sredets". This became clear after the international competition for an architectural design which finished at the end of last month. The Jury, consisting of representatives of the investors, of Sofia Municipality and of the Unions of the Architects in Bulgaria and Germany awarded first place to the design of HPP Hentrich-Petschnigg and Partner KG Architectural Studio from Dusseldorf, Germany. Six architectural studios from Bulgaria, Austria, Germany and Great Britain took part in the final stage of the competition.

  Subject of the competition was architectural design and the integration of the high building "Evropa Tower" as part of the future city complex in Tsar Boris Treti Street. The aim - to develop the highest building in Sofia and Bulgaria into the most prestigious business location - requires high standards of architecture and design", announced Alexander Otto, Chairman of the Management Board of ECE, investor of the project.