2007/02/06

Investor Sells UK Property to Capitalise on the Burgeoning Bulgarian Property Market

Steve Corkhill and his partner Lisa Marshall recently invested in a two bedroom apartment on the Black Sea coast after seeing a TV programme highlighting Bulgaria as one of the best overseas hotspots to invest in.

Steve says, “We had recently been fortunate enough to sell a UK property which had given us significant capital appreciation. Keen to invest it wisely for the future we were undecided as to the best way forward, however we kept noticing lots of media coverage on Bulgaria. One programme in particular highlighted Bulgaria as being in the top 3 places to invest in property in the world. It was this coverage that then led us to search for a professional property company that could then talk us through the different stages of buying.

Steve continues, “We decided upon Sunny Day II a modern development on the Black Sea coast. We took into account all of its services and nearby amenities before deciding to buy as this would be pivotal in renting the property out. Our two bedroom apartment cost just £29,000 and because of its location, capital growth is expected to be high over the next few years. After successfully completing on the property we have now visited the apartment twice for holidays but now we are now in the process of arranging to rent it out by the on site management company. We have been overjoyed with our investment to date and are so impressed with Bulgaria as a country and because of its investment capabilities that we are now considering investing into another apartment.”

IMOINVEST now have pleasure in bringing to the market Sunny Day V. Only 6km from the ancient town of Nessebar and just 35km from Burgas International Airport Sunny Day V is a slightly different concept to the previous Sunny Day developments. It is set back from the main resort in an area that is developing into a villa zone. This is similar to the regions that have shown the best capital growth in Spain. Sunny Day V offers 300 apartments set in grounds of some 10,000m2 with each apartment being finished to a high standard and offering air conditioning as standard. It offers a whole host of facilities including swimming pool, bar, restaurant, shops, children’s playground, green areas and ample parking. Its location also benefits from the fact that the new golf course which is only 20 minutes away will be completed at the same time as Sunny Day V making this a viable buy to let opportunity. The golf course will also incorporate a racecourse, polo centre, sports stadium, with tennis and a new casino.

Julien Lu Regional Director of IMOINVEST says, “Sunny Day V is an ideal investment opportunity which comes highly recommended after the successes of the previous Sunny Days developments. Prices here start from an incredible £8,757 for a studio apartment rising up to £28,294 for a premier two bedroom apartment. Sunny Day V is a strong investment opportunity and is expected to offer up to 20% capital growth.”

For a complete list of Bulgarian Properties available through IMOINVEST please click HERE.

(PHOTO CAPTION: Steve Corkhill who invested in Sunny Day II in Bulgaria)

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