First class ski apartment, fully furnished, in holiday complex "Zarena", in Pamporovo

The complex is beautifully located on the side of a picturesque hill, facing the Snejanka peak, the ski tracks, as well as the nearby star observatory in Rojen, and the southeastern slopes of the mountain.

The complex is 800 m. from the Gondola lift (regular shuttles will be provided); 10 minutes walk to the Pamporovo center; 1 h. drive to Plovdiv International Airport.

The Apartment block, located next to the north-western side of the Hotel, features 10 floors, with 51 one bedroom apartments, 6 two bedroom apartments and 2 luxury penthouse apartments, located on the 10th floor. There will be indoor and outdoor parking spaces.

Disposition: an open plan living with a kitchen box, a bedroom, a bathroom with a WC, a terrace.

standard of finish

In the hall: Floor of natural stone, Latex painted walls, Recessed spot lightning      

In the Living / Dining Area: Wooden parquet ; Double-glazed PVC joinery with low emission glass and Argon gas units; A range of Wall & Central lights

In the Kitchen area: Natural Stone /Wooden Parquet, Combination of spot lights;     

In the Bedrooms: Wooden parquet; A range of Wall & Central lights;

Bathrooms: Ideal standard finish; Tiles to the ceiling; Sanitary equipment;  

Terraces: Floor of natural stone

• Entrance door:  Hardwood external security door
• Access to Communal areas via natural stone and local timber
• Individual electrometer; Hot & cold water meter;
• Central ventilation and air-conditioning system;
• Central heating in the hotel, the apartments and the common areas;
• Internet, phone and cable TV connection;

Each "Zarena" Apartment will be built and finsihed to a high internal specification. Features include a wood burning fire, a telephone, and a TV with satellite channels. Each apartment will have a wonderful view of the sea of pine trees and the mountains. Modern furniture packages will also be available.

property maintanance     

• Maintenance fee of 750 EUR  + VAT annually per unit includes keeping the common parts and the facilities in good condition, year round security and the use of the swimming pool, fitness hall, sauna, steam bath, hamam, mountain bikes and snow mobiles
• VIP cards for the owners and their families for use of the restaurants and the hotel services and facilities.
• Room service, provided from all the restaurants and bars of the complex;
• Maid service - one time fee of only 15 EUR  (including linen changing)
• Year round on-site Management including 24 hours live security;

No commission from the buyer!

Agency charges EUR 480 for attendance at the deal.

accents

• top location
• property maintanance
• a first class residential building
• luxury furnished apartments
• variety of services and facilities

Construction type: Brick

Stage of construction: elevation 4 floor

Completion date: 12.2009

Heating: Local heating

Exposure: North-east

Number of bathrooms: 1

Balconies: 1

Joinery: PVC five-chamber casement windows

• New development
• Mortgage
• Elevator
• Security
• Furnished

Agent's valuation of the offer Excellent!

See the project

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.