ATTRACTIVE COMPLEX OF HOUSES 30MIN DRIVE FROM DOWNTOWN SOFIA

Hi,

My name is Didi Stoyanova and I am the Sales and Marketing manager of an investment company in Bulgaria which is currently developing a 52-house gated residential complex located 30-min drive from downtown Sofia.

Here is some short information about the project Bistritza Gardens:
Plot size: 35 dka
House types: 6
N of bedrooms: 2, 3 or 4
Built up area: from 226 to 375m2
Living area: from 159 to 247 m2
Plot sizes: from 408 to 700m2
Prices: Start from 220 000 Euro
Garages: for 2 cars
Construction terms: July 2008

For more information you’re most welcome to visit our web site. Just type in "Bistritza Gardens" in google and you'll find us!

You will see info about our current project Bistritza Gardens, the project we already completed and sold 100% very successfully – Sofia Gardens, and our future initiatives in the area of Lozen again near the capital.

Should you have any questions about our projects I would be glad to answer by email or phone. My contact information is:
Bistritza Gardens Ltd.
22 Oborishte Str., floor 1
1504 Sofia Bulgaria
Tel: + 359 2 944 9887
+ 359 2 944 1448
Mobile: + 359 887 381 334

What sort of capital growth do you anticipate annually in Sofia?
Thanks
Anthony

There are two ways of answering your question, depending on whether you are buying your house to live in or not. If it is pure investment, then first you can rent the property out and second there is the capitalization of the property in the time. The rent depends on the size of the chosen house of course.
We are now in the begining of building the infrastructure. The project is considered to be ready july 2008. Till then we ourselves are going to increase the prices in stages. For this year it will be around 20% exceed. Annual growth in general is a result from the mix of location plus concept, competition and key costumers that are in the project. We did it in our first project Sofia Gardens, where it was again a complex but with apartment buildings. You may visit the site of Sofia Gardens for more information - unfortunately I cannt post the direct link to it.
Quoting statistics about the real estate market in Bulgaria "Return on investment (yield) for the first 6 months of 2007 vary between 7 - 10 %".
I hope this information answers your question. Should you have more questions, feel free to contact me again.