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The District Predela region is located in the south east part of Bulgaria. To the south boundaries of the area you find the Pirin Mountains in
which one of the most famous ski resorts in Bulgaria, named Bansko ski
resort is located. To the north of the area we find the Rila mountains.
To date, a golf course of about 900,000 sq/m is being built. The golf course is schedule for opening on April 2006. In addition to ski facilities in Bansko a ski resort located 10 km from Bansko is scheduled for renovation and extension this year.
A group of entrepreneurs had acquired 80,000 sq/m in the
Predela district. The area is very popular with the winter tourism and the number of visitors per year is estimated currently at 400,000 to 500,000. There is great development stride In Bansko and the rate
of sale of vacation units is hundreds of units per year in various sizes. “ Fitch ups Bulgaria rating one notch to 'BBB' Fitch Ratings
upgraded Bulgaria's long term foreign currency rating one notch to 'BBB'
from 'BBB-' on Wednesday, the day after the parliament in Sofia ended
a lengthy post-election deadlock by voting in a new government, Reuters
reported. The ratings agency cited the country's strengthening fiscal
position and falling government debt. It also upgraded Bulgaria's local
currency rating to 'BBB+' from 'BBB' and said the outlook was stable.
Fitch noted in a statement that Bulgaria was on track to post a second
consecutive year of fiscal surplus, amounting to over 1% of GDP. At
the same time, government debt should fall to 30% of GDP by the end
of 2005, it said, down from 39% at the end of last year, it said. Fitch
warned however that the country's current account deficit remained a
weak spot that highlighted the need to bolster domestic savings and
cool down the economy."
The land was acquired by the entrepreneurs and at this
stage the group is working on setting a building plan which will include
vacation units, hotels and commercial parts. It Is estimated that the
authorities will allow between 90,000 and 120,000 sq/m built up space We estimate the cost price (including land and soft costs)
to be around 500-550 EURO per built up sq/m, subject to standard of
finish .
80,000 Ground surface Total 120,000 EUR 100,000 EUR12,520,000 total Sq/m Units Planning EUR 36,750,000 EUR 350 105,000 construction costs infrastructure and connection costs Total costs of the project 70,606,975 EUR income from sales in euro (Vat excluded) Total Price Per SQM/unit in euro SQ/M No of Units consolidated information EUR 48,393,025 Estimated profit Advantages of the Project The land is autonomous which allows wide spectrum of designing with the benefit of constructing a whole site which will incorporate all communal and other services required. It would be brand new neighborhood with a western facade in a resort encompassing pastoral, rural scenery AndWe Will selling the whole project to YOU only for 7 500 000 + 3% commision = 7 725 000 Euro For more info about Predela Project offer contact us now
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