|
|
|
|
|
|
 |
|
|
|
|
Concept Bulgaria Property - Newsletters |
|
|
|
|
|
August 2008 |
|
|
Recent events in the Borovets Area |
|
Last weekend on 16th -17th August the Bulgarian national car
racing rally took place in Samokov. The race started in Beli
Iskar and finished 2km outside Borovets. There were plenty
of spectators around enjoying the event and atmosphere. |
|
Upcoming
events |
|
Next weekend on 29th & 30th August we will be having the
annual Rock Festival. This is being hosted in the nearby
village of Beli Iskar and should be a great weekend of music
and entertainment. |
|
Restaurant
of the month |
|
Starata Kushta is located in the town of
Samokov, 10 km from Borovets. This is a genuine traditional
Bulgarian restaurant which is mainly fr equented by locals.
The food here is delicious and the surroundings are lovely.
Both the inside and outdoor dining areas have been
tastefully restored, displaying many traditional curios. We
recommend you check it out next time you are in the area.
 |
|
|
Welcome to our August 2008 Newsletter. |
|
Build Progress Update |
|
Progress has been very good over the last few weeks, even
though it has been the builders’ holidays in August! The
foundations of the apartment building are finished and they
are now moving on to the plumbing and drainage. We expect
the first floor of the apartment building to be completed
early September. The chalets are at various stages and are
progressing well. Some have even reached the top floor
level.
 
You can view the rest of our construction photos
here. |
|
Interiors |
|
Now that
our build is well underway it is time to start focusing on
the interior of the properties.
Soon we will be sending brochures to all our clients with
our selection of tiles for their bathrooms. We will be
offering three tile choices all of which are of modern and
contemporary design. There will also be an option to upgrade
to marble for people who would like that extra little bit of
luxury.
We are
also currently working on our furniture packs. These are
being specifically designed for Chamkoria Chalets. We will
be offering a Classic pack and a Luxury pack, both of which
will contain everything you need for your property whether
you want to use it for rental or as your own home away from
home. We will provide more information on these packs in the
coming months. |
|
Property Market |
Everyone is aware of the credit crunch that is hitting
America, UK and other parts of Europe at the moment. Buyers
in these markets are becoming more cautious because of
tighter financial conditions, higher interest rates and most
of all because of the evaluation of their personal incomes.
Bulgaria has also seen some fast property growth rates in
previous years. This has resulted in overdevelopment in som
e resorts like Sunny Beach and Bansko and the banks have cut
down on lending to people buying in these two areas. However
other areas such as Borovets and Sofia remain unaffected by
lending restrictions as these property markets are growing
at a much more realistic & steady pace. In fact at present
there is a shortage of private properties in Borovets. Hence
lenders are still arranging mortgages of up to 70% for these
areas.
Investors remain upbeat about the real estate markets in
Eastern Europe. Holiday homes are still a good investment
for foreign buyers due to prices of EUR 1,000 – 2,000 per sq
m, which are very low compared to properties that cost two
to five times as much in other similar holiday destinations
around Europe.
If you would like to read more about this topic you might be
interested in this article:
http://www.securefinancebg.com/CreditBulgaria.html |
|
Bulgarian Mortgages |
|
If you
would like to take a Bulgarian mortgage to purchase a
property at Chamkoria Chalets then we are happy to recommend
CreditLand Ltd. and Secure Finance BG. They are specialist
brokers who are very efficient at arranging Bulgarian
mortgages for foreign investors. They can usually arrange an
agreement in principle for you within a few days and once
you have that you can proceed to reserve the property. In
general it is a good guidance to expect a mortgage up to 70%
of the property price. Both companies have English speaking
staff who can guide you through the mortgage process from
start to finish. You can contact them directly by clicking
on their logos below, or if you would prefer we can ask them
to contact you.
 |
|
And finally... |
|
If you
have missed our previous newsletters and would like to see
them, you can view them
here on our website. |
Warm Regards.
Concept Bulgaria OOD
|
|
|
|
|
|
|
|
::Home
::Our Vision
::Our
Properties ::Contact Us
::Register
:: Borovets Property
:: News
:: Links
::
|
|
© КОНЦЕПТ БЪЛГЕРИЯ – ООД 2006 |
|
