| Vitosha Residence | | Print | |
Introducing a truly elite development of luxury apartments, combining a multitude of services and equipment to offer Sofia’s most exciting investment opportunity. Now only €950 per sq.m. on limited number of apartments. The Location Vitosha is the name of the National Park bordering Sofia and the name of one the most desirable new residential areas in the capital.
The Concept The developer has strived to create an outstanding international standard of style and finish, by sourcing design experts from the UK and incorporating years of experience into the architecture and landscaping.
The residence features 128, 1 & 2 bedroom apartments united in two buildings, A and B.
The residences occupy only half of the 5000sqm plot to leave room for the heated year-round swimming pool, landscaped grounds, playground and BBQ area. It's a truly unique urban resort supporting the communal spirit and social life of a small neighborhood.
The Facilities:
See Here Recent Photos of the Construction Site.
The Investment The Vitosha residence is ideally positioned for year round rentals from both the expanding expat market as well as the professional domestic market.
Rental yields in the city have been improving and are fuelled by foreign corporate investment in the capital. Corporate rentals and migrating Bulgarians from other parts of the country are boosting the rental demand, a trend set to continue as further investment is made in the city.
The legal and financial sectors in Bulgaria are becoming more established, offering improving mortgage vehicles and a stable purchasing structure. Typically new build acquisitions are funded by stage payment purchasing but the Vitosha development exclusively offers one initial deposit of 35% with no further funds required until completion.
The Payment Plan
This payment structure allows the buyer to apply for a loan for the last installment of 65%. Most of the banks that grant loans to foreign citizens for buying property in Bulgaria require Certificate of Use, which guarantees the entire completion of the Complex and putting it into operation.
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