There has been much interest in the high plateau area
overlooking the northern coast at Topola just north of Balchik
in Bulgaria. Investors who have bought land in this location
have enjoyed substantial gains in the value of their Bulgarian
property investment, but will this continue?
For the most part of 2005 there was little activity on the golf
course construction site. This lead to speculation that the golf
course may not actually be built. However, in recent weeks there
has been a flurry of building activity and visitors to this
attractive location on the Black Sea Coast can now visualize
that this really will be an exemplar property development in
Bulgaria.
The 18 hole golf course will also offer clubhouse facilities,
restaurants, bar, swimming pools, tennis courts and volley ball.
Luxury villas in this fabulous development will be available and
top prices will be up to £300 000.
Ian Hunt at Best Bulgarian Estates Ltd, a UK based Bulgarian
property agency, said,
'The development of the golf course at Balchik is great news for
people who have invested in land and property adjacent the golf
course. The ongoing construction will now prompt more land
owners and developers to build properties at Topola. But it is
still good news for people considering investing in Bulgaria.
Building plots at Topola can still be purchased for around £15
000.
It is possible to build a good standard Bulgarian villa for
around £30 000. In light of the golf course construction many
people, now looking for potential investment opportunities will
be attracted to the area. We think the price of land in this
area will rise significantly over the next few months. This is
currently an excellent investment opportunity'
View golf course
plots and other Bulgarian property
Ian Hunt Best
Bulgarian Estates Ltd
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