I have invested money in this development. I joined the allocation queue in January this year, despite some reservations. I am still waiting for the companies to be formed, so that the £1800 (per company), can be returned. I should advise potential investors that the synopsis which proposes that clients will have a property shell within 12 months is optimistic, to say the least. I understand that the allocation queue was formed in 2005, and not one property has been completed to date. A recent newsletter stated that building work was about 3 months behind schedule, I believe the developer needs to acknowledge that they are over one year behind schedule.
But despite this, building work is now underway and the developer is more than happy to allow investors the opportunity to visit there headquarters and building sites in Sofia. I hope to see the first properties in Vladaya completed soon.