A RESIDENTIAL COMPLEX OF TRADITIONAL BULGARIAN HOUSES in Varna region

Description

Closed-type residential complex comprising 8 traditional-style Bulgarian houses which have retained the ethnographic specificities of the Bansko Region. The exterior's authentic decoration and author's elements put the complex amongst the most attractive complexes in the region.

Here, the classic Bulgarian tradition has been kept in full - wood decoration, verandahs and jetties, wooden parapets, specific yet simple decorations.

Location

Situated on an ancient Roman road from Marcianopolis to Balchik, within the picturesque valley along the Dolishte River, near the Dolishte Nature Reserve, close to the Dolishte River. On the attractive crossroads of the roads to the sea capital of Bulgaria - Varna and the international airport (only 15 minutes from there), Baltata, Yaylata, Tuzlata and Kaliakra Nature Reserves, the three modern golf courses which are being built, the Black Sea Resort Complex Albena which is famous throughout Europe...

Disposition

House - The area of a fully finished house amounts to 155 sq.m
includes:

1st Floor - Day tract (living room), Kitchen, Dining room, Bathroom/Toilette, Laundry premises, Covered veranda

2nd floor - 3 bedrooms, 2 bathrooms/toilettes, Balconies

Price for each house : 121 600 ( no VAT included)

Standard of finish

All houses are contructed with ecological clean materials, wooden casement windows, MDF doors, laminated parquet flooring in bedrooms, terracotta flooring in the laundry rooms, sanitary units and living rooms.

Construction and technologies

concrete fundaments

Walls ( exterior) with red brick masonry noise and thermo insulation

Walls (partion - interior) with red brick masonry noise and thermo insulation

Roof - ceramic roof tiles, thermo and hydro insulation

All houses will be with setificat for enegry efficiency, and the future owners will receive 10 years free of inhabited house duty.

Facade : EPS thermo insulation with mineral render 

Windows and doors : Wooden joinery with triple glass. Armoured entrance door, Laminated interior doors

Bathrooms : fully equipped - faience and terracotta tiles, sinks and shower  cubicle, high qulaity sanitary equipment and accessories, mirror, suspended ceiling and lighting features

Kitchens : upon request

Terraces : covered, railings made of cast iron and wood

Installations: switches, wallplugs. Structural cabling for internet, TV amd Internet. Mounted water heaters

Park - individual garden with grass, flowers, bushes and trees

All units are for sale with no commission for the buyer ! The agency charges EUr 480 for attendance at the transaction .

Advantages

• Near three golf courses
• Near hunting reserve
• Horse riding base
• Near Batova river
• Variety of shops, resturants and places for entertainment

Facilities

• Fenced park
• Parking
• Convenient transport - bus, taxi, rent-a-car
• High-quality construction works
• 24h security

Construction type: Brick

Year of construction: 2007 Year

Stage of construction: the building is basically completed

Completion date: 2008

• New development
• Mortgage
• Garage
• Electricity
• Pipings

Agent's valuation of the offer Excellent!

Where is it possible to buy a property on your credit card? Bulgaria, of course!

With thousands of potential property buyers seduced by Bulgaria's bargain property prices, the temptation is to think that making a solid return is a no-brainer! For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true!  The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers.

Until recently Bulgaria was a little heard of, little talked about country tucked away in a dark corner of the Eastern Block so what has changed?  Bulgaria's success in attracting thousands of property investors could be put down to two key factors. 

Firstly, the past two years have seen a decline in rental yields in many of Europe's more established property markets.  The UK, Ireland particularly are seeing rental yields drop to under three per cent.  Combined with the over inflated cost of property in these countries, the Western Europe investment market is a tough one to work.  This has resulted in thousands of investors, turning to Europe's emerging economies, seeking out markets that can work their funds more profitably.  Close behind them follow hundreds of amateur investors and holiday homes buyers ready to buy up the new properties being built by professional developers.

However, foreign interest in new markets alone doesn't explain Bulgaria's success. Investors seeking new pastures could in theory take their funds to any of the former Communist countries and many of them do.  The second factor that has attributed to Bulgaria mass appeal is its versatility. Bulgaria is such an attractive investment opportunity because it has something for everybody's tastes and offers the investor and holiday homebuyer plenty of choice.  Right now dozens of new developments are springing up along the beautiful Black Sea coastline and sun soakers from all over Europe flock to Bulgaria for cheap and affordable beach holidays!  Further inland, Bulgaria's main ski resorts have become some of the most fashionable in Europe, particularly Borovets and Pamporovo.  Top quality ski chalets, hotels and complexes are being built to facilitate the new influx of European skiers, all at amazingly affordable prices.  A ski chalet in the centre of Bulgaria's ski resorts can be bought for a quarter of the price of a similar chalet in France or Italy.  Finally, the natural beauty of Bulgaria's mountain ranges and valleys has made it an appealing location for walking, cycling and adventure holidays.  From the cosmopolitan appeal of Sofia, the country's capital, to the small villages of the Rhodope Mountains, Bulgaria has something to offer every taste at some of the most affordable prices in Europe.

Two or three decades ago, Spain was experiencing the type of interest that Bulgaria is receiving now.  With the rise of the foreign holiday as a luxury the masses could afford, Brits began to flock to sun soaked Spain.  Their interest promoted an influx of developers who took advantage of Spain’s popularity with tourists and built affordable holiday homes. This encouraged many of the tourists to invest in their own little piece of paradise, with the advantage of being able to extend their own stay and encourage others in by letting their property. The result over the years was a continuing rise in property prices but also a strengthening tourist economy, a well-developed infrastructure and growing opportunities and financial benefits for native Spaniards.

Property prices in Spain are now so high that buyers are forced to look for cheaper alternatives.  In turning to Bulgaria, the cycle will begin again.  In fifteen to twenty year's time, the Bulgarian property market may well be over-priced for second homebuyers and once again the search will begin for new and cheap destinations.  In the mean time Bulgaria will have grown on the strength of its EU membership. It will have pumped millions of euros into improving infrastructure.  Tourism will have generated huge amounts of wealth for the economy and the poverty that characterises the country now may well be very much a thing of the past!

So while Bulgaria is proving to be a wise investment option with some properties offering up to 80% capital appreciation in one year, it is still necessary to be very cautious when choosing where to invest.  Property prices are rising significantly but largely in the more established and more desirable tourist hotspots.  Investing along the Black Sea coastline and areas within 10km of the two major ski resorts, Barovets and Pamporovo, is likely to yield a healthy 60-80% capital growth in one year.   Buying a new apartment in these areas can cost as little as EUR 30,000 and is likely to be solid investment, since they can be easily let to the increasing number of tourists coming to experience the delights of Bulgaria.