Fri, Feb 10 2012
A new holiday village, conveniently located close to the golf course that is being built near the Black Sea town of Balchik, will rise on about 27 000 sq m land plot, weekly Stroitelstvo Gradut reported. Investor of the project is Britannia-Balchik Inc., a partnership with British shareholders, while the design is done by architects Svetoslav Stanislavov and Delyan Zhechev from the Varna-based Disarch studio.
Kibela Royal will be situated in the Tabiyata area and will feature one- and two-family buildings winding in a spiral-like shape, surrounding a middle ground with entertainment and recreation zones, and several outdoor swimming pools.
The buildings bend in a shape of a crescent and a single driveway entrance from the south side will lead into the complex. Every building has an adjoining parking lot, and according to the plan, there are 195 parking spaces.
There are 58 one-family houses with a total built-up area of 8328 sq m. The building's entrance faces the outer street and each one has a small backyard. On the roof there will be a large balcony, which has the potential to be transformed into a living area.
Ten of the one-family houses are connected, according to the plan, and form a different type of three-level buildings with a total built-up area of 1809 sq m. Two small blocks feature buildings with 200 one- two- and three-bedroom flats. Their total built-up comes to 16 000 sq m.
According to the plan, there will be a communal building facing the pools, which will include spa centre, a fitness hall, outdoor bar area, café on the balcony and administrative offices.
Designers have paid special attention to the village's landscaping and every building is envisioned with flower stands of its façade.
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.