Key investment facts

  • Full EU Member
  • €4.6 billion of infrastructure funding from EU
  • Infrastructure improvements also supported by World Bank
  • Projected GDP of 6.7% for 2007
  • Capital growth average of 15% per annum in many resorts
  • Low cost airlines improving accessibility
  • Huge tourism increase
  • Burgeoning golf market
  • Established and rapidly growing ski resorts
  • Country wide airport expansion
  • Great climate
  • Low ‘entry level’
  • Good rates of finance and improving mortgage market
  • 70% LTV
  • 20 million tourists by 2020 – World Tourism Board

Paradiso Verde
Prices From: 
£34,000

Property in Bulgaria » Property in Bansko

Introduction to Paradiso Verde

The luxury holiday complex Paradiso Verde Ski and Golf Residence is being built in the picturesque area of Gramadeto, at the foot of the northern slopes of Pirin Mountain and a few hundred metres from the centre of Bansko.

The distance to the first ski-lift station is about 600 m and it is less than 3 km from the Pirin Golf Course, which has already been built. The Residence consists of four residential buildings and a hotel with a unique sports and recreation centre, shops and entertainment facilities.

Paradiso Verde Ski and Golf Residence have a lush garden with a total area of 5,000 m2, featuring an open-air swimming pool, solar terraces, and beautifully arranged landscaping.  This development has been designed to achieve a genuine 5 Star International standard.

 
 
 
 

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Key facts

  • Fully managed SPA centre including: steam bath, sauna, Russian bath, massage cabins, a relaxing and aromatherapy salon
  • Fitness Centre
  • Beauty and hairdresser salon
  • Indoor and outdoor swimming pools
  • Basketball and badminton playgrounds, a table-tennis table
  • Ice-skating rink for the winter, sports playground in the summer
  • Children’s play area
  • Ski hire
  • Reception lounge with lobby-bar
  • International cuisine restaurant
  • 5000m² of landscaped communal areas including sun terraces and stream
  • Children’s Creche and day care facility
  • Play room with snooker tables
  • Multifunctional conference and convention room
  • Cinema
  • On site parking
  • Generous balconies opening on the dramatic landscape
  • Elevators in all sections
  • 1 and 2 bedroom apartments include built in fireplaces
  • 24 hour security
 
 
 
 

Payments and pricing

Terms of payment are designed to attract investors, with just 25% deposit. A larger 50% deposit means a 5% price discount.

Phase I Payment Plans

Plan A - Standard
 
Deposit (within 28days of Res.) 30%
Rough Construction (June 08 latest) 20%
Completion of Installations (Sep 08 latest) 30%
Completion (Dec 08 latest) 20%

Plan B - 5% Discount
 
Deposit (within 28days of Res.) 50%
Rough Construction (June 08 latest) 30%
Completion of Installations (Sep 08 latest) 0%
Completion (Dec 08 latest) 20%

Phase II Payment Plans

Plan A - Standard
 
On Signing preliminary Contract 30%
Third floor  (Sep 08 latest)
20%
Certificate 14 (15 Jan 09 Latest) 30%
At transfer of ownership right (Oct 09 Latest) 20%

Plan B - 5% Discount
 
On Signing preliminary Contract 50%
Third floor (Sep 08 Latest) 30%
At transfer of ownership right (Oct 09 Latest) 20%

The payment structure allows the buyer of the property to apply for a loan for 60% of the purchase. Most of the banks that grant loans to foreign citizens for buying property allow pre-completion draw down of funds only when the building has reached rough construction.
 
 
 
 

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