FEATURE ARTICLE: to buy or not to buy?

The Daily Telegraph recently ran an article showing that developers in Bulgaira are increasingly concentrating their efforts on producing excellent build quality and innovative design. This, despite the fact that ski property in Bulgarian resorts remains amongst the best value-for-money in Europe

The newspaper feature, entitled ‘Property in Bulgaria: Raising the bar for the smart set’ posed some questions including: Is there no such thing as ‘upmarket Bulgaria’? Is good quality hard to come by? Or, is it possible to find real quality with unusually low price tags?

You only have to look at the specification, generous dimensions and second-to-none location of our pioneer development, Chalet Iskar, to see that the answer to these questions can be a resounding ‘yes’. Additionally, our forthcoming projects Chalet Rila and Borovets Springs will also offer great design, first rate finishes and spacious, affordable living in fantastic locations.

Local estate agents remarked that they have noticed that foreigners confidence of buying in the Bulgarian market has grown, since the country’s accession to the EU in 2007. Both European and Russian investors have been flocking to buy luxury new-builds in the ski resort of Borovets in order to take maximum advantage of the ‘Super Borovets’ project. The article suggested that British buyers might be missing out on some of the best investment properties.

Where once the demand was purely for small, cheap investments, now buyers are looking for bigger, more luxurious and well-appointed properties. More and more investors are looking to use their investments themselves for all year round holiday breaks, or to tap into the growing rental market. The resale market has really picked up in the last six months – and resale buyers aren’t typically looking to get in and out of the property market quickly. We’re finding that people who have held on to their property for a couple of years and if it’s in a good location, such as beside a ski slope, or in a good resort, are seeing average returns of about 50%”.

The ethos of good design and high build quality forms the foundation of Zelnik Properties business and we offer our customers ski apartments that
give space, practicality and great finishes, whilst not forgetting affordability. Zelnik Properties strive to take this principle even further by giving all our customers exceptional service before, during and after they buy, or rent an apartment from us.

Contact us now, to reserve your new apartment in Chalet Rila or Borovets Springs and see how Zelnik Properties are setting new standards in Bulgaria.