Bulgaria property boom has environmental cost
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BANSKO, Bulgaria  - The citizens of Bansko, a ski resort in Bulgaria's Pirin mountains, are selling their land with gusto to buy fancy cars and replace communist-era furniture.
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Debt is becoming more expensive, but there seems to be no shortage of investment capital available for commercial real estate, particularly in hot markets like Manhattan.
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Global real estate investment is still buoyant but a few cracks are starting to show as higher borrowing costs begin to bite, making 2007 a pivotal year after an extended bull run in property prices.
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Real estate wealth is expected decline anywhere from $2 trillion to $4 trillion out of a previous valuation of roughly $21 trillion when the total costs of recent credit crunch are tallied, the New York Times reported on Thursday, citing economists.
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By Sonia Kolesnikov-Jessop  Development is not always a one-way process of environmental destruction.
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Real estate is expensive these days,  but it's still a valuable commodity.
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Business: 24 September 2004, Friday. Bulgaria's first commercial real estate expo opened doors in Sofia, bringing under the same roof bankers, entrepreneurs, investors and broker agencies.
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The case of a small development in Southwest Florida illustrates the important role that real estate investors played in driving a housing boom over the edge.
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Johnstown village manager Sarah Phillips traveled to Bulgaria last week to provide her expertise in waste management for a composting program there.
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Spreading plantations are blamed for a threat to wildlife.
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The system is targeted at installations where environmental concerns outweigh cost.
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In vista ingresso Bulgaria e Romania il primo gennaio 2007
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Politics: 6 November 2004, Saturday. Bulgaria might allot an extra BGN 100 M (approx EUR 50 M) for education next year, according to the finance minister.
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Workers sandblast decades of muck and grime off Bulgaria's imposing Palace of Justice.Comment
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Business & money: Surge in smaller properties adds to reduction in average prices
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Tobacco, chemicals, pharmaceuticals and resort operators on Thursday propelled Bulgaria's stock indexes to fresh all-times highs, while lawmakers fiercely debated on a no-confidence vote against the government ...
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The homes in these hamlets are among the priciest in the country.