Fri, Feb 10 2012
Varna-based company Albatros Ve EOOD has erected the ground floor of the aparthotel Soley, which is the first concrete construction on the beach of the Black Sea village of Skorpilovtsi between Varna and Bourgas, close to the Stara Planina slopes. The only accommodation on the beach to date was the longstanding campsite but there are also other plans to construct hotels, Albatros office employee Ani Angelova told The Sofia Echo on August 5.
Albatros is now selling its project and its additional construction for 2.5 million euro, Angelova said.
Soley is 150 m from the beach. It comprises more than 2798 sq m, 1081 of which will be built on, Bulgarian-language daily Dnevnik reported on July 31. It is planned to be a five-storey development with 90 apartments. Prices of flats will vary between 1100 and 1550 euro a sq m depending on size and location. Additional parking spaces and garages will also be sold for 8400 and 10 500 euro respectively. A restaurant and piano bar are also planned to entertain guests.
Spa tourists will not miss out either because Skorpilovtsi is also home to the nearby natural mineral water springs. The beach has been free of construction for many years because Skorpilovtsi is close to a nature reservation for rare plant and animal species.
Apartments are already up for sale, Angelova said. According to Albartos manager Violeta Vicheva, Russian investors have already expressed an interest in buying apartments in Soley.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.
Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.
Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.
Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.