Golf Club Ibar- Dolna Banya, Bulgaria

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Golf Club Ibar- Dolna Banya, Bulgaria

Postby Admin » Wed Aug 25, 2010 10:43 am

Here you can place all you questions about Golf Club Ibar complex, located in Dolna Banya, Bulgaria.

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Re: Golf Club Ibar- Dolna Banya, Bulgaria

Postby Admin » Tue Nov 16, 2010 2:34 pm

Dear investors,

Bad news were announced today for Golf Club Ibar. The informations from the summer that there are illegal buildings in the complex were confirmed. Today the minister of regional development and regional works has announced that the authorities are determined to stop the illegal construction. As part of the actions taken by the state bodies all illegal buildings in Golf CLub Ibar will be removed in the next 14 days. According to reports the illegal objects are 28- 25 buildings, practice golf course, main golf course and the artificial lake on it.

Bulgariandeals Team
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Re: Golf Club Ibar- Dolna Banya, Bulgaria

Postby property_buyer » Wed Nov 17, 2010 7:20 am

Hi, I knew it was going to happen soon or later, since these developers were promissing running mineral water in the houses...I wonder how they have cheated to only 25 buyers...its a shame.
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Re: Golf Club Ibar- Dolna Banya, Bulgaria

Postby Admin » Fri Nov 26, 2010 5:35 pm

Hi to all IBAR Golf Club investors,

Today one of the National Televisions in Bulgaria called BTV confirmed with video what we have already written here a long time ago-part of the complex is illegal and it will be removed. The video showed also that the investors (Golf Club Ibar) have started removing the illegal parts of the complex. Kiril Nedev (director in Golf Club Ibar) said that there was no building permissions for these buildings, but no matter this they have constructed them. All illegal objects (25 villas) were sold off plan, so now all these people are maybe wondering what to do.
See the link with the video : http://www.btv.bg/news/bulgaria/zakonir ... pleks.html

Bulgariandeals Team

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Re: Golf Club Ibar- Dolna Banya, Bulgaria

Postby Admin » Mon Mar 28, 2011 9:27 am

Dear investors,

The situation with Golf ClubIBAR is getting worser with every single day. In the last statements from the company they expressed their position that started court cases against them will soon be completed in their favour and work can proceed. Unfortunately the last two-three months proved they are wrong. In the last 60 days Sofia City Court issed 5 /five/ court case decision against Golf Club Ibar, sentencing the company to pay big amount of money /several thousands of Euros/ to investors or other companies. It appears that part of the constructions works in the complex were performed not personally by Golf Club Ibar, but by third construction companies, which never received any sums from Golf Club Ibar owed according to their agreements.
In the next few days we will try to post a list of all people/ companies who have won cases against the developer and the sums they were sentenced to pay.

Bulgariandeals Team


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