Bulgarian Property – Mountain View near Borovets
February 1st, 2007The Mountain View development in situated in the tranquil Bulgarian village of Relyovo, approximately 10 miles away from the ski resort of Borovets. The nearest town is Samokov, which has a number of restaurants and bars and is home to the first Jack Nicklaus designed golf course in Bulgaria.
The development will consist of 30 individual units (18 luxury villas and 12 luxury apartments), less than half of these are still available to purchase and most of them contain a private sauna. Prices start at €45,000 for a one bedroom studio and rise to €95,000 for a 3 bedroomed villa. Mountain View is due to be completed in Q3 2007.
The Mountain View development is less than an hour away from the main airport at Sofia, 20 minutes from the Jack Nicklaus golf course, 5 minutes from the restaurants and bars of Samokov and on the doorstep of the “Super Borovets” skiing facilities. Location is certainly an attractive factor in investing in this development.
The developers claim that 30% capital appreciation can be achieved before the development has bee completed and 13% rental yield can be achieved on an ongoing basis. If these figures are realistic, this would appear to be a fine all-round investment. Also, over a dozen Hollywood movies were filmed in location in the area, which may add spice to the development depending on your point of view!
September 6th, 2010 at 3:06 pm
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