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The biggest AQUA PARK in BULGARIA
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A new Aqua Park is planned in the foothills of Sapareva Banya believed to have been proposed by a large investor. Outline plans for a golf course are drawn up.
The Real Estate Investment Trust, Fair Play expects to complete the purchase of 5.0 hectares of land near Sapareva Banya for the construction of a vacation village. Rila Lake Resort, a residential and hotel complex near Panichishte, will be launched in 2008 and completed in 2010. The project is expected to yield an annual return of 8.2%. The development cost is 23.82 mln levs. The resort is expected to generate 34.4 mln levs in apartment sales in 2009-2011.
When looking at a new area it is often helpful to discover who has already invested there, to what extent and what influence there will be for driving future property supply and demand.
When assessing the potential in Sapareva Banya, a spa town near Dupnitsa in south west Bulgaria, for example, I discovered that a Russian buyer has bought over 110,000 square metres there. He had announced the construction of an aqua park and intentions to start chalet construction. Research also revealed the public announcements from Rila Sport on land purchase for what they hope to be a new lift connecting the town with an expanded ski area of Panichishte in the Rila Mountains.
A visit to Sapareva Banya takes ten minutes from Dupnitsa and some fifty minutes from Sofia, you find a brand new dual carriage way linking the Dupnitsa – Samokov road into the town centre. The street and pavements are being upgraded and even new sewerage infrastructure is being constructed under the proposed new road to a picturesque development area at the foot of the mountain.


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