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Key selling points
- pre release under market value prices
- anticipated 12% rental returns
- well established developer
- rental and management option
- beautiful mountain views
White Fairy development is situated in a prime location with beautiful mountain views. The traditional style architecture and a high quality finish marks this out as an excellent investment opportunity with very attractive projected rental yields.
Attractive Investment
The town of Bansko is currently being hailed by property investment professionals as the current hot spot of the already burgeoning Bulgarian property market. With strong capital growth forecasts and excellent rental yields, the Predela 2 development offers you a superb opportunity to access this fast growing market.
Some of the many reasons that make White Fairy a fantastic investment opportunity are:
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Good price/rental yield profile – Initial rental yields of 6% - 7% are typically quoted on an average property in Bansko. However 10% - 12% yields are both feasible and achievable by the third year of renting. Research has indicated that, assuming a conservative sixteen week occupancy rate, a 1 bedroom flat has the propensity to yield about € 5,700, a 9.4% annual yield on a 2 bedroom flat in White Fairy
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Excellent Location – as described above, White Fairy boast a very attractive location. Very close to lift stations and amenities.
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Growing apartment rental market – The Bulgarian rental market has recently been subject to some criticism from British papers. This criticism must be put into the context of the future potential of Bansko’s apartment rental market in contrast to the hotel bookings market. Whilst the apartment rental market is still in its infancy, hotels have, until now, been the only viable option for higher quality holiday accommodation in Bansko. From our talks with tour operators in the area and a general trend toward apartment rental there are strong indications of a present and growing customer base seeking to rent apartments.
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Favourable conditions for the rental market – The Municipality of Bansko has demonstrated a strong commitment to develop the town infrastructure. It has undertaken a massive £15million infrastructure upgrade programme. There are approved plans for the installation of a second lift station and the construction of another 45km of ski runs on the south ridge of Todorka. There is also a visibly increasing demand for competitively priced, high quality skiing holidays from British, Russian, Bulgarian and many other European holidaymakers. This demand is likely to increase further with Bulgaria’s predicted accession to the European Union.
Contact us now to take advantage of the pre release prices.
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