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Join the Bulgaria property elite in ‘Super Vitosha’!

Emerging Markets Understood (EMU), working along side its partners at the Lewis Charles Sofia Property Fund have built a low-risk, high performance property portfolio in Vitosha - the most prestigious district of Bulgaria’s capital city. Net rental yields are a very healthy 7-20% and EMU are predicting a capital growth rate of 25% plus per annum.

The Sofia Property Fund is AIM listed (London) and has raised nearly €50m to produce high-specification residential developments across Bulgaria. This is your chance to buy from a highly reputable developer who is committed to delivering a “cradle to the grave” service in one of the most prestigious neighborhoods in the Balkans!

After nearly a full year of being an EU member, Bulgaria has continued to flourish. Last year’s net national average growth stood at just over 20%. A few regions are set to break the national average with growth in excess of 30% plus. Having worked in Bulgaria for more than 4 years, “Team EMU” has identified the highest growth areas and only includes properties in its portfolio that are predicted to break the 30% per annum barrier. Vitosha is one such area.

An emerging market on the edge of the city

Sofia is one of the only capital cities on earth with its own ski resort. Located a mere 10-15 minutes from the city centre and airport, there is never any shortage of tourists or residents flocking to its busy slopes – something that has made “The Black Peak” Bulgaria’s most visited mountain. The clean air attracts Bulgaria’s elite all year round and the foot of the mountain is quickly becoming recognized as Sofia’s elite address.

The demand for accommodation in Sofia is actually rising far faster than the supply of quality real estate stock. The strong levels of demand and growth are being fuelled by sustainable inward foreign direct investment, and this is creating an affluent economy, providing employment and boosting local affordability.

Investors looking for the best areas of the city are increasingly drawn to the up-market southern suburbs such as those within easy reach of both the city and the fine skiing available at Mount Vitosha. Furthermore, Vitosha is traditionally the favorite location for foreign governments to site their embassies and is rapidly emerging as the second Central Business District of Sofia as the bankers follow the diplomats.

Although a small resort at present, the multi-million Euro investment project known as ‘Super Vitosha’ is set to expand the ski area and supporting infrastructure by several times. Full plans of Super Vitosha are yet to be revealed by First Investment Bank (backers of the Bansko resort infrastructure upgrades) but are believe to support a new Winter Olympic bid focused on Sofia and Mount Vitosha.

Low risk property opportunity with 30% growth

EMU has been hard at work searching for specific properties in the Vitosha region, and this is reflected in the properties on offer.  These excellent investment opportunities focus on the upper end of the domestic and international rental markets, which are showing increasing demand, a lack of supply and excellent growth potential.

The buildings range from smaller mixed-use developments of less than 100 units, through to larger developments with extensive facilities. All developments have been thoroughly researched with comprehensive due diligence undertaken.

All developments are set to have excellent rental returns and the area has been showing strong capital growth. Indeed, the last quarter of 2007 has shown a 9% increase on properties in the area.

EMU has also managed to secure good financing with 70% LTV mortgages available. This is an opportunity that should not be missed if you are serious about building a rounded and diverse property portfolio. This is in-demand urban housing that brings a natural balance to portfolios that are weighted to high-priced luxury holiday properties.

A new period of excellent growth

Simon Feek, founder of EMU commented: “With more and more residents and investors buying their own homes, coupled with the fact there is a sustained influx of foreign investment, we believe that Vitosha is entering a period of very strong growth. What makes this opportunity so exciting is “not-only the “mixed-use” concept which has been so successful in other country’s capital cities but also the “double whammy” of having what will soon be a well-planned, modern international ski resort less than a five minutes’ commute from the office!”.

If you would like any more information or to invest please contact one of our property consultants using one of the following methods:

Telephone - 0845 051 0644

Email - info@emergingmarketsunderstood.com 
Website - http://www.emergingmarketsunderstood.com

You can also view the properties on TheMoveChannel.com:

Black Peak Plaza

Vitosha Park Plaza

Krustova Vada