location

 
Central Park Resort I is located in the vicinity of Bulgaria's largest economic, administrative, educational and cultural center - only 8 miles away from downtown Sofia. At the same time, the usual shortcomings of capitals, such as rushing crowds, loud noise, hard pressing traffic, and pollution, are simply left away.

Our convenient location, however, provides wonderful communication links and extremely handy access to main roads. Bulgaria's longest highway ("Trakia") is only 500 m away and Sofia International Airport is only 9 miles away.

the project

 
Central Park Resort I occupies an area of 20 200 sq. m and comprises 15 modern residential buildings. Each building includes between 20 to 26 apartments of various size and disposition. the total number of the apartments is 372 with different area and disposition.

The residential complex offers a great number of 1-, 2- and three-bedroom apartments with a choice of square surfaces. There is an attic room to each apartment. Free parking places for the residents!

Central Park Resort I caters for a full-value modern life: commercial and spa center, fitness and indoor swimming pool, supermarket and shops, medical centre and reception desk, restaurant with a bar, children's playground, spacious green areas, three parking lots with over fifty parking spaces, live security, as well as video surveillance.

An outdoor swimming pool and a multi-purpose field, hosting:

• a mini golf course;
• tennis court;
• basketball pitch;
• volleyball pitch;
• stage of completeness

About the apartment

There are two options: putty and ground coat - price from 620 to 650 EUR/sq.m., fully finished - price from 700 to 730 EUR/sq.m.

Disposition: One-bedroom apartment: living area with a kitchenette /21.70 sq.m./, a bedroom /12.94 sq.m./, a bathroom with a toilet /3 sq.m./ and a balcony off living-room and bedroom /5.85 sq.m./.

Exposure: North-west.

The total square surface includes storage located on the top/roof floor with area of 8.16 sq.m.!

complex maintenance

 
There is an obligatory year fee for common parts maintenance - green areas, swimminog pool, stairs, parking places... The fee is 300 EUR no matter the square surface of the apartment.

Accents:

• residential gated complex
• only 13 km. away from the city centre of Sofia
• 7 km. away from the golf course in Ravno pole village
• excellent prices
• proved building company

Construction type: Brick

Year of construction: 2008 Year

Stage of construction: permission for construction granted

Completion date: 10.2010

Heating: Local heating

Exposure: North-west

Number of bathrooms: 1

Balconies: 1

:

Joinery: PVC

• New development
• Mortgage
• Security

Agent's valuation of the offer Excellent!

See the project

Acquisition of land by foreign citizens and foreign legal entities in Bulgaria after 01.01.2007

According to the commitments of Bulgaria made in the process of European integration in Art.22 of the Constitution, changes have been made to harmonize Bulgarian legislation with the law of the European Union. According to these changes, foreigners and foreign legal entities can acquire ownership of land in the following cases:

I. as provided in the terms and conditions of the Accession Treaty of the Republic of Bulgaria to the European Union;

II. by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria;

III. through inheritance by law.

I. The legal framework related to the acquisition of land is outlined in Attachment VI, Section 3, Clause 1 Free movement of capital of the Accession Treaty. According to this Attachment, foreign citizens of the member-states of the EU or the European Economic Community (EEC), as well as foreign legal entities established in accordance with the legislation of a member-state or a state consituting a party to the EEC Agreement, who are legally staying in Bulgaria from 01.01.2007, can acquire ownership of land for a second home according to the rules of land acquisition applying to Bulgarian citizens. A legal definition of the term "second home" is given in the Amendment and Supplement Bill to the Ownership Act, where it is written that a "second home" is the one different from the main home one possesses in any of the EU member-states.
According to the norm, all limitations to citizens of the EU and EEC member-states who are permanently staying in Bulgaria are no longer valid. A definition of the term "permanently staying" is given in the newly adopted Act on entering, staying and leaving the Republic of Bulgaria by EU citizens and members of their families /State Gazette, Issue 80 of 03.10.2006/.
For citizens or legal entities who are not permanently staying in Bulgaria, limitations to the acquisition of land for a second home are introduced, i.e. they shall be limited as to this right. The time period of this limitation is 5 years, i.e. up to 2012.
As regards the acquisition of ownership of agricultural land and forests, Attachment VI, Section 3, Clause 2 introduces a 7-year limitation period, in which citizens of the EU and legal entities, established in EU member-states cannot acquire such land. This, however, does not apply to "independently employed agricultural producers who are citizens of another member-state, and who wish to settle and stay legally in Bulgaria".
Bulgaria has the right, irrespective of the time periods specified above, to make a general review of these transitional measures in the third year from the EU accession, i.e. in 2010. In view of this aim, the Commission shall present a report before the Council. The Council can vote unanimously by proposal of the Commission to shorten or to lift altogether the transitional periods of 5 and 7 years respectively.
In connection with these changes, there are amendments to the Forestry Act, Protected Areas Act, Agricultural Land Ownership and Use Act, and the Act on Restoration of Ownership over Forests and Land in the Forestry Reserve Act being prepared as well.
See also
http://www.parliament.bg/?page=home&lng=en&r=n

II. The issue of acquisition of land by foreign citizens and foreign legal entities established according to the legislation of a state which is not a member of either EU or the EEC is referred to in the second hypothesis of Art. 22 of the Constitution. Such citizens and legal entities can acquire ownership of land by virtue of an international treaty, ratified, promulgated and entered into force for the Republic of Bulgaria. This regulation is valid as of 01.01.2007 and there is no hypothesis for amendment within a certain time period.

III. In the old Art.22 there was an obligation for foreigners, who have acquired land by inheritance, to alienate it within 3 years of the acquisition. This text has already been cancelled. The regulation, however, still exists in Art.29, para.2 of the Ownership Act. This limitation is planned to be cancelled with the changes in the Ownership Act, and thus a restriction will remain only in relation to the acquisition of agricultural land and forests.