Apartment House Dragalevtzy, Sofia, Sofia

Country

Bulgaria

Area

Sofia-city

Region

Stolichna

Town

Sofia

Apartment House Dragalevtzy, Sofia

Sofia has the lowest cost accommodation in the whole of Eastern Europe's capital cities and enjoys the lowest EU corporate tax rate of just 10%. A young and well educated population, with quality IT skills, is drawing more and more foreign global companies to site their businesses here.

The huge redevelopment of the city is making Sofia as one of the most attractive place to live and work in the region. Whilst Sofia will never rival Prague for its historical sites, there are numerous places of interest to visit including the Russian Church, Russian Church, Sofia Synogogue, galleries, museums and, Sofia's crowning glory, the impressive Alexander Nevski memorial church. You will also see set-piece public buildings along the tastefully cobbled streets and the pedestrinised Vitosha Boulevard attracts visitors for its stylish shops and the impressive views south towards Vitosha mountain.

In Spring and Summer you will see bars and cafes springing out onto the pavements and parks and visitors enjoy affordable quality dining and a thriving bar culture. The city is gaining a new more hedonistic edge as it grows and prospers. As the centre of the city is flat it can be covered on foot with ease.

Moving just 12km out of the city brings you to Vitosha Mountain which is perfect for outdoor pursuits. The city is only an hour away from the established mountain resort of Borovets and one and half hours from Bulgaria's second city of Plovdiv. Whilst there are many improvements still to come, a glimpse of its future status can be observed with its modern airport terminal, business parks and shopping centres. These are all strong pointers that this city will not remain the current property bargain destination for long. In summary, Sofia is gaining a positive image with investors from around the world and its popularity for investment, business and leisure is on the increase.

In summary, Sofia is gaining a positive image with investors from around the world and its popularity for investment, business and leisure is on the increase.

Apartment House Dragalevtzy
Dragalevtzy is one of the most prestigious areas in Sofia situated just 10 minutes (6km) from the City centre on the lower slopes of Vitosha mountain and just 4km to the Vitosha Gondola and the ski pistes it serves. The area is a well established and upmarket residential district with expensive villas and apartments. Many of the buildings in this area enjoy stunning views over the City and Vitosha mountain.

Apartment House Dragalevtzy sets the standard for quality City residential buildings. The developers have specified the highest possible construction and standard of finish.

Free from communist era high rise buildings in its vicinity, the development of 36 units should command premium prices for rental.

The Development
"Apartment House Dragalevtzy" is just 10 minutes from the vibrant city centre and is 12 km from Sofia International Airport. Passenger traffic to the airport is growing rapidly as more and more holidaymakers and business travelers visit the capital. This trend is set to continue with the new terminal due to open in late 2006. Low cost airlines from various European cities have started flying to Sofia Wizz Air from London Luton is the UK's first. It is also 10 minutes from the vast Sofia Business Park, Bulgaria's newest and most prestigious business park, which boasts an impressive concentration of foreign multinational companies and which will eventually employ over 30,000 people.

Why invest in Sofia?

• Fastest growing city in Bulgaria
• Low relative cost compared to other Eastern European capital cities
• All year round rental market
• All year round tourism
• Economy expanding rapidly (GDP 5.5% in 2005)
• Low unemployment (2-3%)
• Doubling of population in last 5 years
• Massive foreign investment
• Shortage of quality properties
• Currency pegged to the Euro
• EU membership expected in 2007
• Blue Chip international companies setting up there
• Direct Flights to/from all major European Capitals
• Increasing availability of local mortgages
• Apartment House Dragalevtzy offers a mix of 1, 2 and 3 bedroom apartments.
• There is 24 hour security and all rooms have video intercom. Underground parking (from 8,000 Euros) is available. Air conditioning €1,000 extra.
• The apartment comes with a 1 year 5% rental guarantee at no extra cost.

Features and Facilities

• Central Natural Gas Heating
• Lift to all Floors
• Wi-fi internet
• Views from most apartments
• Video Intercom
• Radio connection to Security Company
• Underground Garages
• Tennis Court
• Fully Landscaped gardens and courtyard

Payment Plan
20% on signing the Preliminary Contract  June 2006
30% on completion of roof  Sept 2006
50% on final completion  Feb 2007

Reservation Fee (deductible from first installment) 
1000 Euros