The purchase of developments off plan

Demand for premium residential properties continued to be high during the first half of 2004. Investment purchases of single apartments in prestigious locations remain stable among expatriates and Bulgarian’s. Newly built properties have become the preferred product compared with the usual purchase of renovated, older apartments. The first half of 2004 saw an increase in the number of residential developments sold off-plan, but expected to be delivered on the market within six to twelve month’s time. Mortgage-financed purchases also gained momentum during the period. As a whole, the number of transactions has increased during the first six months of 2004, compared to the same period last year.

Two and three bedroom apartments still register the highest demand. Compound or “planned community” developments continue to attract strong interests as they offer a completely new concept in living environment. Residents and buyers are increasingly becoming more demanding in looking for the benefits of extra services such as community and sports facilities within the compound as well as professional security and property management. Examples of complexes and developments can be found below.

Image	Details	Price
	Buena Vista Holiday Village. The holiday village consists of 8 separated 4-story buildings, centered round a swimming pool and the bar area.	From €57000
	This fabulous new development in the yacht port of Kavarna, is situated close to the golf course. The complex offers stunning sea views, with unrivalled panoramic views.	€80000
	The complex is situated in the Golden Sands resort, 10 km away from the city of Varna.	€80000
	The holiday complex “Panorama beach” is located in the so called “Greek neighbourhood” , near the beach.	€61000
	The building offers 13 apartments between 50 and 170 sq. m. the price is averaged out at approximately 650 EUR/ sq. m.	€65000
	A brand new complex, situated in the Briz region in Varna, only 3 km away from the city center and 2 km away from the beach.	€119500
	This luxury residential building is opposite the Euxinograd Royal summer residence and it is situated just next to the seacoast.	€137000
	This small and private development offers a diverse range of luxury accommodation from 2 and 3 bedrooms apartments through to maisonettes and a penthouse.	€168000
	This beautiful complex is situated in the Golden Sands resort, 18 km away from the city of Varna and it offers 174 luxurious apartments distributed in two wings.	€91930
	This fabulous complex is situated on the beach between Elenite and Sunny beach resorts. The payment schedule is very advantageous for investors. You do not pay the legal fees, and pay only half of the notary and other state costs for transferring the deeds.	€75000
	This incredible complex called Marina View Fort Beach is located on the beach between Elenite and Sunny Beach in the beautiful calm southernbay.	€80000
	This incredible complex is called Privilege Fort Beach and it is situated near the Elenite resort, just on the beach in the beautiful calm southern bay.	€85000
	This fabulous complex is situated on the beach of the village of Ravda, with a beautiful sea view.	€92000
	This beautiful complex called Kutelo is situated in the Bulgarian most popular ski resort Bansko - a small mountain town.	€77133