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Contrary to recent rumours that the Bulgarian real estate market is not so attractive to foreign investors any more, Andrew Regan, a Scottish online freelance author, comments that the Bulgarian property boom shows no signs of abating.
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Investors are particularly interested in Bulgaria, as it is believed that EU money will be spent on improving the country's infrastructure. Bulgaria has seen a great deal of political reform since the Communist era, and the government has shown solid commitment to economic improvements, with GDP growth the highest in Eastern Europe.
Economic growth has also caused a vast escalation in land values, which have risen from just 20 euro a square meter to around 350 euro in some areas. The prospect of high profits has lured many individual and business investors from Britain, Ireland and Russia to buy ski and beach chalets, which can be purchased for a fraction of the price of similar properties in more traditional holiday areas such as France, Spain, Austria and Switzerland.

The high price of UK properties and the recent rises in interest rates have also led UK investors to widen their search for better real estate deals. Bulgaria continues to excite investors as it is an emerging market that offers property at prices that are unobtainable in other parts of the world. It is still possible to pick up property for as little as 30 000 euros, a sum which would buy little more than a garage in the UK.

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    Search Property by ID DD25: Apartments for sale in Sunny Beach    
APARTMENTS, Sunny Beach ()

Country: Bulgaria
District: Bоurgas
Location: Sunny Beach

Price:
  EUR: 25000

Built Area: 32.7 sq. m.
Road: Asphalt road
Electricity: Available
Water and Sewage: Available
Status: AVAILABLE

    Description    


The building is situated in the central part of "Sunny Beach" – West holiday complex and has a total built-up area of 3,180 sq m, distributed on 6 floors. It is located within 450 meters away from the sea shore along the widest section of the beach amidst the greenest areas of the holiday complex. Its location may be identified as being closer to the hotels of "Burgas"and "Continental", the holiday complex of the Council of Ministers, etc.
 The western part of the building neighbors the municipal park which according to the applicable zoning plans for development is planned to host green areas and alleys to the swimming-pool of the hotel. To the south "Cote d`Azure" neighbors "Tarsis" vacation complex, and to the north and east currently there are 4 new vacation complexes /almost finished, which will operate for the summer season of 2009/. Municipal sports facilities, tennis courts, children’s playgrounds and many green alleys are planned to be built only 30 meters away within close proximity to All studio and apartment owners will be able to use all facilities of this holiday complex /swimming-pool, fitness and restaurant/, and the cost for that will be included in the annual maintenance fee /7 euro per sq m./, as well as in the management fee in case of rent, if the owner has decided so. "Cote d'Azure"."Cote d'Azure" holiday complex is divided into SECTION A and SECTION B, where the total number of 47 apartments and studios located on І, ІІ, ІІІ, ІV, V and VІ residential floors are offered for sale. The apartments may be sold completely furnished if the owners demand that. The first ground floor will host 3 commercial units facing the front of the building /shops and offices/ with independent sanitary units and 1 studio, which are currently on the market. All units are extremely functional and spacious which enables the new owner to furnish them at his sole discretion with all modern equipment and furniture /telephone, cable TV and Internet cabling finished/.

35 APARTMENTS AND STUDIOS, from which on the ІІ, ІІІ and ІV floor there are 6 studios with an area of 30 sq m /looking east and west/, 2 studios with an area of 48 sq m /looking west/ and 1 eastern apartment with an area of 60.,80 sq m, with an individual bedroom. On the V retreating terrace floor SECTION A offers for sale 4 studios and one apartment facing east. On the last VІ floor there are 2 apartments and 1 studio for sale.
On the ІІ, ІІІ and ІV floor there is 1 apartment looking southeast, 1 studio looking southwest and 1 studio looking west. The V floor is with retreating terrace and enables the choice of 1 apartment looking to the east, west and south. On the VІ floor in SECTION B there is a studio with large terrace which opens an incredible view to the sea. THE PRICE for all units includes mounted flooring /terracotta, laminate or carpet/, painted walls and ceilings with mounted electricity switches, plugs and lighting, and the sanitary units are offered with glazed tiles and terracotta , toilet pan, wash basin fully equipped with mixing taps, shower cabin and electric water heater. The price of each apartment and studio includes a fully mounted AIR-CONDITIONER. All available apartments and studios in ENTRANCE A and ENTRANCE B are offered at the price of 730 or 790 euro per sq m, and the smaller studios with an area of 30 sq m for the price of 25,000 €. If the apartments and studios are fully furnished then the price is 830 € or 890 €, and the options for the furniture include light or dark coloring. All studios and apartments have terraces, and both ENTRANCES are equipped with lifts and staircase, and the selling price includes also the relevant common shares on each residential floor.The 3 ground floor shops /offices/ and 1 studio that are offered for sale have sanitary units and face the central street. Their price is 990 Е per sq m.The construction started successfully in the beginning of November 2007 and currently the site has reached the stage of "second floor slab finished". The investor plans that the building shall be ready for use in 16 months – in July 2009.


DATE OF COMPLETE:  in July 2009

NO COMMISSION !!!

OPTION 1:
• 35 % from the price on the conclusion of the contract
• 30 % from the price on the construction of the second platform
• 25 % from the price on the closure of finishing works, with roof built-up and all walls erected
• 10 % from the price on the complete construction of the settlement and receiving
Act 16
OPTION 2:
• 100 % from the price on the conclusion of the contract
In option 2 the total price is with a discount of 5 %
OPTION 3:
If you pay the initial installment, amounting to 80% from the total sum and next
20 % at covering the building, the investor is ready to make 3% discount from the total price of the properties.




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