Zografski

Zografski complex

 

Location in the south-western part of Bulgaria, at the foot of Rila mountain is situated the picturesque village Dospey. Zografski development lays on the edge of the village which opens a marvelous view to the slopes of the majestic Rila mountain! Although it is only 60 km away from the Sofia international air port, Zografski development, surrounded by pine forest, offers the tranquility and serenity of a small mountainous village. With the lack of industrial factories and big cities around this is the place where you may enjoy and feel the nature itself. You may also take part in different activities like fishing, hunting, mountain biking, tourist routs.

 

Within walking distance from the Zografski development there is an archeological park ”Shishman kale”. Only 10 km away is Borovets-one of best ski resorts on the Balkans, and the oldest one in Bulgaria! With its 45 kilometers various in difficulty ski-runs Borovets is suitable for all skiers. You may also enjoy snowboarding, ski-running,ice-skating, horseback riding, and something typical for a high class resort-night skiing! In the summer time it is perfect for climbing, eco-tourism. Borovets is also a starting point for many tourist routs like “The seven lakes”, “Cakur voevoda” and many others.

 

Zografski complex situated in the village of Dospey, spreads on 4082 sq.m. The complex includes: the apartment house Zografski, 8 detached houses, parking place and the land within. The villa settlement has a fence with two entrances. The apartment house Zografski is a four-storey building with three separate entrances.

 

There are 52 self-catering apartments, which vary in size from 36 to 64 sq.m. studios and one bedroom apartments, there are also two duplex apartments from 76 to 77 sq.m . The detached houses in the complex are one- and two-storey, and the yard for each one of them is 300-400 sq. m. The built up area for the one-storey houses is 114 sq. m. Each house consists of: living room with a kitchenette, two bed rooms, two bathrooms, one with a bathtub, the other with a shower, passage way, a closet and a terrace.

 

The two storey houses are with a built up area of 130 sq.m. on the first flour are situated the living room with a kitchenette, the passage way, the terrace and a toilet. On the second floor there are two bed rooms, bathroom with a bathtub and another one with a shower, a closet and a large balcony with a barbeque. A hundred meters east of the settlement there are two two-floor houses, each one with a space of 164 sq.m. including 21sq.m of garage. The first floor of each house is 64 sq.m., the second 79 sq.m. and the whole place with the yard is about 400sq.m. The settlement is pre-wired for internet, cable TV and its own security. The apartments and houses are full furnished.

Finishing:

The apartments and houses will be luxuriously finished; they will have an external thermo-insulation, German PVC-joinery, terracotta tiles, laminated parquet, heating collectors and fully equipped bathrooms. Luxury Ski resort Borovets will be suitable for all the year – round use. All apartments and houses enjoy lovely mountain view.

 

Buying Process in Bulgaria Buying an apartment .

The purchase of an apartment in Bulgaria is pretty much the same as in the UK. We need the services of a Notary to transfer the legal title or ownership of the property from the developer to the client. We also need the services of an Advocate (Solicitor) to make sure the searches are clear and that correct planning permissions have been granted and adhered to. He is also responsible for registering the property with the national land registry in Sofia. This process is relatively simple and straight forward and is very easy to follow with the help of a government licensed and approved translator. The translator must sign a declaration to say that they have translated the relevant documents for you and that you understand them and the process. Buying a Villa. Buying a villa is slightly different in that foreigners cannot at present own the freehold of the property.

However to get around this you simply have to set up a Bulgarian Ltd company. This is easy to do and with our help should only take a few days, the cost is around 400 pounds and we have all of the professionals in place to make this task as easy as possible, of course you may wish to appoint your own people to form your company. Our management company is in place to help you with all aspects of your investment in Bulgaria. We operate a full “hold you by the hand” service we will help you with bank accounts, property maintenance, letting service, accountants, advocates and notary. Our service includes a full after sales service we will be pleased to help you with any aspect of your Bulgarian purchase, even if you only need the phone number for a taxi or a recommendation for a restaurant, or help with the purchase of sun beds or furniture.

 

 

 

 

 

PAIMENT PLAN
1st option
30%	whitin 21 days from sign preliminary contract
30%	on the roof copmleation
30%	on the notary deal
10%	act 16th
2nd option
95%	whitin 21 days from sign preliminary contract
5%	DISCOUNT

 

 

Yield Data

-         Previous capital gains – Over the last 3 years 30/35% the local media

-         Predicted capital gains – Over the next 3 years 20/25% the local media

-         Exit opportunities – Resale

-         Best investment period – 3-6 years

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Borovets is of course best known for the international family friendly ski and snowboard resort.
It's a lively but picturesque village style resort bustling with restaurants,bars and shops.New runs , facilities and gondolas have been added as part of the 'Super Borovets' project destined to land the resort with the 2014 winter Olympics. It's a great place to go in the summer too as the gondolas and ski lifts take you to the very peak of the mountain tops. You will not experience better views than these anywhere else in Europe. Samokov is the nearest town and has a number of excellent restaurants and the wonderful daily market selling fresh organic locally produced fruit and vegetables.Every monday a huge market takes place drawing traders from all over the province and offers just about everything you could want in a market.The town is famed for its wood carving industry and hand fashioned copper ornaments. Designer brands are available at bargain prices in a number of shops and you will inevitably find less than legal but extremely good designer clothing and watches as well!
The Iskar lake just minutes down the road is one of the largest in Europe and is literally teeming with fish. You can hire boats , walk ,fish and picnic. There are rivers, lakes mountains all on the door step and if you turn left out of "Zografski" garden gate then that's all there is for miles and miles! Hot Spa's are minutes away and golf courses nearby.Do as much or as little as you want.It's a holiday that offers what ever you want.
The village of Dospei is quiet, friendly and charming. There are a couple of produce shops three bars and a restaurant just a five minute stroll from the chalet.

 

Activities near Borovets/Dospei

Sports:

Ski resort location

Tennis in town

Watersports

Waterpark

Horse Riding

Golf within 30 mins drive

Fishing

 Great for:

Walking holidays

Rural / countryside retreats

Beach or lakeside relaxation

Good nightlife

City breaks

Cycling holidays

 

 

 

 

Why in Bulgaria

 

The Bulgarian Economy is growing steadily - Strong growth in industrial production, employment and credit has resulted in high GDP growth over the last few years. The growth in the Bulgarian economy should underpin a strong property market and lead to increased Bulgaria property prices.

 

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Bulgaria Property prices are relatively low - Property in the better residential areas of Sofia sells for around €1,000 – 1,200 per square metre (roughly ?67 – ?82 per square foot). It is clear that Bulgaria property is significantly cheaper than many other countries in the immediate area. By way of comparison, in London, property in a number of residential areas (such as Knightsbridge, Kensington and Chelsea) can sell for approximately €16,000 per square metre (?1,000 per square foot).

 

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Low Currency risk - The Lev has been attached to the Euro since its introduction at a fixed rate equivalent to €1 to Lev 1.9558. From 1997 the Lev was attached to the DM at a rate of 1 Lev to 1 DM.

 

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The current cost of domestic borrowing is relatively high - The rate that ordinary Bulgarians pay for a floating rate mortgage is in the range of 10 – 12% pa. We believe that once Bulgaria joins the EU, interest rates should fall in order to harmonise with rates in the Euro zone. Lower interest rates should help stimulate the Bulgaria property market.

 

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It is currently possible to achieve high rental yields on property - Rental yields on residential property are currently in the range of 10 – 12% of the purchase cost.

 

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Much residential property available is unsuitable for letting - There is currently no mechanism whereby individual leaseholders can be compelled to contribute towards the cost of repairs to common parts and exterior of buildings unless their leases specifically contain provisions to this effect. Whilst suitable provision is sometimes made in the leases of recently constructed blocks, blocks constructed in the communist era, or earlier, rarely have such clauses in leases. The result is that unless all the owners in a block agree to repair, nothing may be done. Even in the best residential areas of Sofia the common parts of older blocks are frequently unattractive and are, therefore, difficult to let. Good quality modern blocks of flats therefore command a premium in the letting market.

 

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The Bulgaria property market is relatively unsophisticated - Whilst there are estate agents in Sofia, they generally do not have shop fronts displaying Bulgarian properties that are for sale with prices clearly stated. It is common practice that estate agents charge fees to both buyer and seller. This increases costs and hence reduces the liquidity of the market. With accession to the EU, it is probable that this situation will change, with a consequent beneficial impact on the Bulgaria property market. Premier Apartments generally receive fees from the vendor.