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 /22.72 sq.m./, a bedroom /12.60 sq.m./, a bathroom with a toilet /2.82 sq.m./ and a balcony off living-room.

Exposure: Living-room and bedroom - south-east, balcony - east.

The total square surface includes storage located on the top/roof floor with area of 8.33 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: South-east

Number of bathrooms: 1

Balconies: 1

:

Joinery: PVC

• New development
• Mortgage
• Security

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.