location
 

The ethnographic complex "Living Water" is situated on the Black Sea coast, in a picturesque part of the outskirts of Varna – Vinitsa. The complex is envisaged to be used on all-the-year-round basis, and the soft and warm climate of the Bulgarian coast provide the pleasure of good weather, warm sea and natural beauty. The vacation resort is located at a distance of only 1.5 km from the sea, at an altitude of 150 m. Around the complex are there are vineyards and other villas. Close by you can find stables with horses which you can ride, go-karting, the famous Varna Botanical Garden. The complex is designed in an old Mediterranean style, with stone and wood used as principal materials for the facades and exterior.

About the project

 
We are offering you a truly new kind of vacation, which we hope will unite all your desires and needs. The ethnographic complex "Living Water" is a vacation resort,, where we take care of all housekeeping, while you are becoming the owner of the unique apartments, your own elite real estate.

The complex is designed in an old Mediterranean style, with stone and wood used as principal materials for the facades and exterior.

about the apartment:
 

The apartment consists of a living area, a kitchen and a bedroom with a total area of 46.23 sq.m., a bathroom wtih a bath-tub and a toilet /4.22 sq.m./, one balcony off a bedroom and living area 25.17 sq.m. A view to the pool.

The vacation resort comprises:

• A residential building
• A restaurant - has indoor capacity for 50-60 people (for winter) and a terrace for additional tables for 30-40 people.
• A swimming pool - 8 x 18 m large and has a shallow area for children and an integrated bar. It is designed to be used 7-8 months of the year.
• Non-residential building - comprises: a) a conference hall for 70 people, 8 craftsmen's studios, a party hall, a fitness & spa centre (with premises for massage, beauty and medical therapies, saunas, jaccuzzis etc).
• A parking lot - The parking lot is designed for approximately 15 cars.

The price is inclusive of all internal finishing works and full furnishing!

All units are for sale with no commission for the buyer!
 
The agency charges 480 Euro for attendance at the transaction.

Construction type: Brick

Year of construction: 2008 Year

Stage of construction: construction completed including all installation

Completion date: 2009

Number of bathrooms: 1

Balconies: 1

:

• New development
• Security
• Furnished

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.