The head of the Bulgarian National Real Property Association, Orlin Vladikov, has predicted that prices in Bulgaria will continue to rise but at a markedly slower rate than in 2004 or 2005. Speaking to the Bulgarian news agency BTA, Vladikov said that the drivers of prices now would be build-quality and infrastructure, pointing out that only very top-end properties in Bulgaria would approach the prices prevailing in more established European locations.

Meanwhile, a new resort complex with a religious emphasis is to be built on former church land near Varna on the country’s Black Sea coast, it was reported this week. The St Anna resort, comprising 52 apartments and nine villas as well as a spa centre and chapel, will cover 13,000 square metres of land granted by the bishops of Varna and Preslav, reported the daily Dnevnik.