Bulgaria and especially Borovets have great investment potential at the moment and this is why we are investing there. With EU embership set for Jan 2007 and huge investments going into Borovets, prices in this area are expected to increase significantly in the coming years.

Top reasons to invest in Bulgaria:

• EU membership set for January 2007
• Sustained GDP growth of 4.7-4.9 % per year
• NATO membership received in 2004
• Political and economic stability
• Very competitive labor costs compared to the rest of Europe
• Very competitive tax regime - 15% corporate profit tax as of 1 January 2005
• Well educated, highly trained English speaking workforce
• Strategic geographic location on the trans-european transport corridor
• The Bulgarian currency, the Leva is pegged to the euro - reducing currency risk
• On track to join euro currency zone in 2009 ahead of many other central European countries that joined the EU in 2004
• Recently signed Open-Skies accord allowing international airlines to fly to Bulgaria
• Budget airlines Wizzair and SkyEurope already fly to Sofia with Ryanair and Easyjet expected soon after EU membership in January 2007.
• Property prices remain amongst the lowest in Europe and are expected to increase further with EU membership
• The Bulgarian tourist market is growing by 22% per year with opportunities for beach, ski, golf and spa tourism
• Mortgages of 70% loan to value are readily available.

The special investment opportunity in Borovets

• Significant investment is going into Borovets in the form of the Super Borovets project. This project is investing over 400M euro in the area and will extend the current Borovets resort to include the town of Samokov and the village of Beli Iskar. The ski pistes will be extended to over 100km and 2 golf courses are planned. Our Chamkoria Chalets development is located right beside the Super Borovets VIP area and the mountain golf course.
• Borovets has the best transport links of any Bulgarian ski resort. Currently only 45 minutes from Sofia airport, Borovets will be just 30 minutes when the new motorway is completed. It is also just 90 minutes from Plovdiv airport.
• Ski resorts like Borovets offer winter and summer rentals. Occupancy levels are very high in winter. During summer the mountains attract hill walkers, climbers and nature enthusiasts. This gives ski resorts a significant advantage with regard to rental income. We estimate up to 12% rental yield is achievable on our Borovets properties.
• Borovets is the most famous mountain resort in the Balkans and is often fully booked out during the ski season.
• An international championship golf course is currently being designed by Jack Nicklaus Golf at Dolna Banya just 15km from Borovets and will open in 2008. 2 further courses are planned as part of the Super Borovets project. This will significantly enhance the summer rental opportunities in the area.
• Borovets is already a very popular weekend resort for people from Sofia who come here during the summer months to experience the beautiful flora and fauna and the clean air.
• Further ski areas are planned for Belmeken, Govedartsi and Malyovitsa. These projects will take longer to materialize as they are just at the early design phase but they show the ambition the Borovets area has to become a massive integrated ski domain.

Unique selling points of Borovets development

• Our Chamkoria Chalets development is located in the Super Borovets VIP area and right beside the planned mountain golf course. The VIP area is approx 3km from the current resort and will contain luxury hotels and bars. It is designed to encourage both summer and winter tourism. Model farms, historic/traditional exhibitions and the mountain golf course are all designed to maximize summer rental.
• The development comprises 12 luxury chalets and 15 duplex units in a secure gated complex.
• Each chalet comes with 140m2 of living space including 3 or 4 bedrooms, 3 bathrooms, a sauna and an amazing open plan lounge/kitchen with panoramic views of the Rila mountains. Each chalet also has a private garden with barbecue.
• If desired 2 chalets can be combined to create an amazing 6 or 8 bedroom chalet. This is ideal if you would like to operate a catered chalet business.
• The complex itself has parking and a communal swimming pool.
• Each chalet has its own sauna – a Jacuzzi on the terrace is available as an optional extra.
• A shuttle bus is provided to the gondola during the ski season
• The complex is located in a secluded location surrounded by forests at a height of 1350m. It is built in one of the few areas in Borovets that is not forested. It is important to understand that 95% of the Borovets area is protected forest which means there is limited development land. This means that a property like this will always increase in value and also ensures that Borovets can never become over developed.
• There is a very limited supply of chalets in Borovets and almost no modern luxury chalets. This ensures that your property is very exclusive and will enhance rental returns and also future sales.
• We will declare the full purchase price on your title deeds, which is important to ensure that you do not incur excessive capital gains tax should you sell the property in the future.
• All finishing is to a luxury standard and to the very best of European design.
• A range of optional furniture packs will be provided closer to the completion date.
• The development is timed to complete in 2008. This coincides with the timing of the Super Borovets project and completion of the Jack Nicklaus golf course in Dolna Banya. It also gives you 2 years of capital growth during the build phase. Buy now to maximize your profit even before your chalet is completed.
• We are happy to help you arrange a mortgage on your property and can recommend mortgage brokers who can secure 70% loan to value mortgages.
• Payments on the property are at agreed stages as the building progresses.
• We estimate a rental yield of 8-12% is achievable on these properties.
• Full rental and property maintenance services are provided. This is important to ensure that the communal areas within the complex are well maintained and to ensure that your rental clients are taken care of during their holiday. (property maintenance will incur an annual fee)

We hope this information is useful and it helps you to choose a property in Bulgaria. We believe our properties are the very best available in Borovets or Bulgaria today both in terms of quality and finish but also in terms of investment potential.

We assure excellent customer service to all our clients and will help you through each stage of your property purchase. We can do this as we focus on small exclusive developments.

We hope you will choose to purchase one of our properties as we believe it would be an excellent investment decision. We welcome any questions you may have about our properties or the area. Please email or call us if you would like to discuss anything.

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