Mountain View, Sofia, Bulgaria

Mountain View, Sofia, Bulgaria

In addition, this area stands to benefit most from the Olympic bid investment. The high density of university graduates and business professionals ensures a strong rental market.

The living spaces vary in size from 35 square meter studios to 235 square meter suits with roof terraces. All apartments have one or two balconies. The views are of Vitosha Mountain on one side and the city centre on the other. The rooms have been designed for modern living and interiors will be finished to a high specification.

Demand for high-end acommodation is increasing, while supply cannot keep up and is not expected to do so for several years. Consequently, there is a strong rental market for premium apartments in the area. This, coupled with the increasing ability for foreign and domestic buyers to obtain Bulgarian mortgages at below 6% interest rates, will have a positive impact on reselling prospects.

The unit price of the Mountain View development has been set at a level below market rate and capital growth is projected to be around 15% to 20% during the build program.

Location

• Greenbelt district and the fastest developing area of Sofia
• Opposite the National Sports Academy and 200 metres from the Winter Palace of Sports (candidate for the 2014 Winter Olympic Games)
• Adjacent to university and key foreign embassies
• Excellent views of Vitosha Mountain or city from each apartment
• The Vitosha skiing facilities 2km away
• 18-hole BGA golf course less than 1km away
• Sofia Business Park 4km away
• Access to and from the Sofia Highway and Sofia airport 8km away
• City centre 5km away
• Within walking distance of two underground stations (under construction)

Key facts

• Prices from £25,000
• Completion September 2008
• Unit types Studio and 1-3 bed apartments

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