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EUR 200 million holiday village project in Balchik suspended

Article published from on 2008-10-23 09:30:00
Category: Properties in Balchik

The Bulgarian holiday property market is saturated and big projects find no buyers because they are unprofitable. The company Terra Trans Consult has suspended a EUR 200 million holiday village project in Balchik due to the severe economic conditions, said the coastal town’s mayor, Nikolai Angelov. The company’s Balchik Paradise complex was to deliver houses, a hotel, a spa centre, a conference hall and a cinema hall.
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