House Buying Blog

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Panorama Villas in Razlog

January 31st, 2007

The Razlog region is within close distance of the popular Bankso ski resort and now it is home to a high quality Ian Woosnam designed golf course. There are beautiful spas and superb views of the Rhodopi, Pirin and Rila mountains.

The Panarama Villas development in Razlog will consist of 77 properties, which will border the Ian Woosnam golf course. The property will range from villas/apartments with one, two and three bedrooms sized 70 to 160 sq metres (excluding balconies).

The development was conceived by British developers Westhill and will be built to a high Western European standard. Phase one of the development began in June 2006 and the second phase will be due to be completed in time for the 2008 ski season.

The development has a dedicated security lodge, spas, steam baths, a clubhouse with games and bars and an anticipated 7-10 rental yield for the first year and capital appreciation.

For more details, visit the official website at www.panoramavillas-bansko.com

Bulgarian Property – Razlog Golf & Ski

January 31st, 2007

Typically there are a number of areas one immediately thinks of when one considers investing in property in Bulgaria, these being; Bansko, Burgas, Borovets, Pamporovo, etc. One area you may not be familiar with is the Razlog region.

Razlog is an area in the Rodopi Mountains less than 6 kilometres away from the popular Bansko ski resort. The region is home to a new luxury Razlog Golf & Ski development that is housed upon an Ian Woosnam designed 18-hole golf course and approximately 300 luxury 1, 2 and 3 bedroomed apartments. Prices start at only €45,000 and due to the draw of the superb skiing facilities nearby and the prestigious golfing on its doorstep, it is forecast that these properties will achieve a 15% rental yield with overall property rises nearing 50% over a three year period.

Bulgarian Property Investment Focus

January 29th, 2007

Bulgaria is currently leading the way in low cost property opportunities, certainly in the Central European region. Although it is currently possible to pick up a studio apartment in popular areas of Bulgaria such as the countries capital Sofia or in the mountainous ski resort towns of Bansko or Pamporovo for as little as €40,000 this is surely set to change.

The Bulgarian property market is widely heralded as a rewarding investment and as a consequence this has not gone unnoticed amongst the more savvy international property investor. This has led to reports of property prices rising by as much as 30% PER MONTH!

But why Bulgaria? What are the factors contributing to the boom in the Bulgarian property market?

There are a number of factors, the main being that Bulgaria has been admitted into the EU (in January 2007). Experience has shown that in the years preceding a country entering the EU, the local property market in that country has risen inexorably due to shrewd property investors attempting to get on the property ladder at the bottom. Once a country is in the EU, property prices invariably start to increase in part due to the stability that accession in to the EU provides to the country both economically and politically and on a macro level, laws governing the ownership of property by foreign nationals are often relaxed.

Bulgaria is also a unique country in that it has a very wide ranging appeal to tourists. The country has a number of popular ski resorts in the Rodopi mountain range and the Black Sea coast offers wonderful beaches and pleasant sunshine. Tourism now plays a large part in the economic growth of Bulgaria with reports suggesting that tourism accounts for 16% of overall GDP. Once the country is admitted into the EU, tourist figures will likely increase which will certainly help property investors that seek to purchase property with a view to letting to holidaymakers.

In addition, air carriers are beginning to add routes from major European cities to Bulgaria often on a low cost basis. Such airlines that will fly to Bulgaria include, Bulgarian Air, Austrian Airlines and British Airways.

 

 
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