When you’re in the pub talking to the local barman about life, the
universe and what’s what and you discover that they’ve just gone and invested in
an off plan ski apartment in Bansko you really know you’ve missed the boat – no
offence to the theoretical barman in question, but if everyone and his cat knows
that property in Bulgaria is the place to invest money, chances are all the big
opportunities have been sold out.
However, Bulgaria is still an attractive, well packaged, accessible location
that has room for growth for a few years yet – but what you really need to know
are the little known ways to profit from Bulgarian property that will set your
investment approach apart from the rest and ensure that your real estate
ambitions are realised when other areas of the investment marketplace are
saturated…
For example – if you’re thinking of buying an
property in Sunny Beach or a condo in Bansko think first about the concepts
of saturation and oversupply. If on the other hand you’re thinking of a
way to promote Bulgaria to the UK baby boomers in search of a safe
overseas property Bulgaria with a relatively temperate climate where their
pension will take them far further then you’re about to begin to see potential –
hint hint!
Away from the madding (maddening?) crowds on the beaches and in the ski
resorts, a few investors have begun buying up attractive village properties in
communities such as Hotnitza and Rujitza for example where there are already at
least a few Brits and they are renovating these properties with a view to
selling the ‘lifestyle’ as well as reselling the renovated and pristine property
to those hungry for an affordable, attractive retirement retreat.
Targeting a particular buying sector of society such as those Brits
approaching retirement age where there is strong demand to own a property as
well as a certain amount of affordability and then really getting to grips with
understanding that demographic group and what they want from a home is an
excellent approach to profiting from
Bulgarian property.
Another approach is considering the student market – there are at least
seventeen colleges and universities in Bulgaria, very few of which provide
accommodation and all of which are actively working to attract and retain
greater student numbers – these students need affordable bed-sits, apartments
and shared houses and buying such property is currently affordable, it can
return a decent and reliable income and be a good long term capital appreciating
asset.
Or what about speculatively investing in parcels of land? Or developing
commercial premises in developing locations popular with the wealthier overseas
buyers? Or what about buying large but more remote properties and
developing them as guesthouses and reselling them as a going concern having
marketed them to those who enjoy outdoor pursuits…come on, get your thinking
caps on, look past the obvious and discover all the little known ways to profit
from
property in Bulgaria and make your move.
The construction of the second yacht port in the
Byala
property should start by this autumn. The project will be a part of the
“Marina Black Sea” holiday complex, which is property of the Bulgarian-Dutch
association “Marina Black Sea” Ltd. This project should be ready by October,
2008 and more than 6mln euros will be invested. The new marina will be located
south of the existing one. ‘This is the biggest Dutch investment in the region’
the mayor of
Byala
– Ilian Tzonev said. The investment association already produced an operating
plan which will be voted by the town council and later in March should be
presented to the Ministry of Transport. If the Ministry of Transport gives a
fast approval to the project the construction is expected to start by this
September. The capacity of the yacht port is planned to be for about 180-230
vessels with a maximum length of 25m and a draught of 3m each. The building
materials will be selected according to the specification of the nature in the
region.
The biggest and the most modern marina in our seaside is located near the St.
Vlas Resort. With the project for the second yacht port the town of Byala is
making a serious request for becoming a real centre of luxury yacht tourism at
the Black Sea.
Source: Dnevnik.BG, published on the 23d of February 2007
Articles about Albena:
Albena is one of the purposefully built resorts on the Bulgarian Black Sea
coast and has an uniform and unique architectural style. Many of the hotels are
situated on the beach itself, exposed to maximum sunlight and providing direct
access to the beach and sea. Albena is located close to other tourist, cultural
and commercial centres and in the same time remains within well-preserved
natural surroundings. Although it was built on an empty ground in the 1960s, now
this is in fact a small resort town with its own downtown, streets, squares and
even internal public transport — dedicated little "trains" circulate on schedule
along their routes within the resort.
The resort is remarkable for its 5-km long, 150 m wide beach with very fine
and clean sand; the sea water is usually crystal clear, calm and warm. Sea depth
does not exceed 1.6 metres at a distance up to 100–150 metres from the beach.
Visitors can choose from one of the 43 modern hotels (two to four stars)
offering more than 20 000 beds and many amenities. Most of the hotels have
swimming pools.
The
properties in Albena are a market boom. The profit of investing in
Albena
property is bigger than any of the towns and resorts in this region.
All rooms feature views of the sea or the Baltata National Reserve — a rare
combination of dense wet forest and a seashore. The specific sea climate is mild
and pleasant with clean air, rich in ozone and optimal humidity of 63-65%. The
tourist season lasts from May till October, when the use of the sea and the
beach is guaranteed. In addition, there is year-round accommodation for the
users of the biggest spa and wellness centre on Bulgarian seaside. It uses
exclusively local mineral water — hypothermal with 30°C temperature, slightly
mineralised, containing hydrocarbonate with calcium and magnesium.
Fast info for Golden Sands:
The resort construction started in 1957 and in about two decades, the place
was transformed into a modern holiday complex with more than 80 hotels, numerous
villas, casinos, apartment buildings, restaurants, clubs, spa centres,
attractions, shopping centres, and sports facilities, including yacht marinas,
equestrian base and the Aquapolis water park.
Golden Sands attracted considerable investments in the 1990s and 2000s. A
contemporary chapel of John the Baptist was recently added.
The area is labelled to have the purest quartz sand on the coast and abounds
in old trees and landscaped parks. Hot mineral water springs and lush woodlands
cascading from the Frangen Plateau, forming the
Golden Sands Nature Park, turn the town into one of the most popular tourist
spots in Eastern Europe. It also comprises the Holiday Club Riviera luxury
resort, several villa communities including Chaika, Kabakum, and Alen Mak, and
the historic grotto of Aladzha Monastery in the vicinity. Just north is perhaps
the best known gay beach in the nation. Three 18-hole golf courses designed by
Gary Player are currently (2007) being developed around Balchik and Kavarna to
the north.