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Bulgaria – Santa Marina Development on the Bourgas Bay

February 2nd, 2007

The Santa Marina development is located on the Bourgas Bay, which is the largest bay on the South Coast of the Black Sea and approximately 30km away from Bourgas.

The Santa Marina is located in an area of natural beauty and many of the properties have coastal views.

The property on offer on the Santa Marina development consists of 29 luxury apartment villas, each with panoramic sea views, with 12 more villas with a swimming pool in development (due for completion in May 2007). The final stage of the development will consist of a hotel complex with spa and fitness facilities.

Rental opportunities are good as the area is a temperate and popular holiday destination and the developer will provide rental management services if required.

A number of the properties on the Santa Marina development have sold or have been reserved already, but you can find details on available plots and prices by viewing the PDF document at Santa Marina Development

Property Development in Bulgaria – The Glazne Building in Bansko

February 1st, 2007

The Glazne Building is located in Bansko, Bulgaria’s most popular skiing destination and the development is less than 10 minutes walk from the main Bansko town centre.

The Glazne is part of a high quality, three building complex containing 16 apartments that include the use of fitness facilities, Jacuzzi and spa. The one and two bedroom apartments offer excellent views over the nearby Rila and Pirin mountains and prices begin at €55,000. If garage facilities are required, these can be arranged at a €8,500 fee.

Additional details on Glazne development can be found at http://www.jet2letproperty.com/bulgaria_glazne1.html

Bulgarian Property – Mountain View near Borovets

February 1st, 2007

The 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!

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.

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