197: BALCHIK: THE NEW ALGARVE
Navigation trail: / latestnews / archive / 197 - published: 19-09-06
The Algarve in Portugal is one of Europe’s most popular golfing destinations and the price of investment property situated in and around the area’s courses reflects its desirability. Award-winning agent and developer of Bulgarian real estate, Bulgarian Dreams, highlights that the region surrounding Balchik is set rival the popular Atlantic coast resort with a number of famous golfers designing high quality golf courses in the area.
There are currently three golf courses being constructed in the region, including an 18-hole golf course designed by Ian Woosnam and two courses by Gary Player. Bulgarian Dreams is currently marketing Windows to Paradise overlooking the coast near Balchik and adjacent to one of the new Gary Player 18-hole golf courses. Prices at the scheme start from an affordable £38,500 for a one-bedroom apartment, compared with £150,000 for an equivalent one-bedroom apartment in the Algarve.
Tourism to the Black Sea Coast is already a growing industry, with a 62% increase from British visitors over the past 12 months. However, for those looking to invest in property in the area, the introduction of world-class golf to Balchik will have a positive impact on both property prices and rental yields.
Robert Jenkin, Director of Bulgarian Dreams comments: “One major difference that golf will bring about in this region is to lengthen the tourist season and in turn create more revenue for those who have investment property to let in the area. Currently the summer season lasts from May through to early October, however golfers visiting this new region around Balchik will be able to enjoy their game from approximately April through to early December.”
The town of Balchik is situated 36 km north northeast of Varna International Airport, which benefits from year-round British Airways flights from London Gatwick.
Balchik boasts an outstanding and dramatic coastline, with chalk cliffs and crystal azure seas. It is located partly on the seashore and partly on the Dobroudzha and the Frangen plateau. The town has a history spanning over 2,600 years, and during this period has been known by a variety of different names depending on the conquering nation including Krouni by the ancient Greeks, Dionyssopolis by the Byzantines, Karvouna during the mediaeval period and Balchik by the Ottomans.
Today Balchik is a small but very romantic Bulgarian seaside town, with attractive architecture and thriving arts and culture. The coastline reaches up to 30 kilometers in length, which will attract visitors from all around the world. This area is extremely rich in mineral springs and underground waters, which are the main sources for the modern water-supply system.
One of the most interesting places in the vicinity of the town is the Palace “Quiet Nest” - a modest building constructed upon three terraces, combining elements of the Moor style, Mediterranean architecture and the typical Bulgarian house. Built by Italian architects Amerigo and Agustino during 1920-1936, it was the summer residence of the Romanian queen at the time, during the Romanian occupation of South Dobroudzha.
The area is also well known for its exotic botanical garden - the biggest and most diverse in the Balkans. Flowers and trees from the Mediterranean islands, the Pacific Ocean, the Black Sea, South Asia, and America are on display.
Another growing attraction in the area is sailing. The Balchik coastline, with its coves and hidden beaches provides an ideal backdrop from which to sail along the Black Sea. A number of new ports and marinas are being constructed to support this growing pastime, including a marina at Windows to Paradise.
Windows To Paradise is a select development of studios, one and two bedroom apartments and penthouses situated on the Black Sea coast of Bulgaria, with the majority of the properties enjoying sea views. The facilities at the scheme are second to none, comprising swimming pools, a gym and spa centre, a restaurant and shops.
Investment Property Prices at Windows To Paradise are starting from €35,000 (£24,250) for a studio apartment and €55,000 (£35,500) for a one bedroom property and €80,000 (£55,250) for a two bedroom apartment. For further sales information please contact Bulgarian Dreams on 00 44 207614 1240 or visit www.bulgariandreams.com or email: info@bulgariandreams.com
Source:
TTA Group