Capital 68 Obelisk’s New ‘High Return’ Property Opportunity in Sofia
Obelisk is proud to announce the exclusive launch of Capital 68, a brand new apartment complex in Bulgaria, Sofia, offering a projected return on investment of up to 152%.
Capital 68 is a highly lucrative property investment opportunity offering outstanding value with an estimated profit of 152% return on investment over 5 years and a forecast rental return of 9%. The project has the added bonus of being within the commuter belt of Sofia - one of the most stylish, up and coming property investment cities.
Capital 68 takes advantage of an exceptional gap in the market, currently lacking comparable developments that are built to exceptional Western European standards, which not only includes quality fixtures and fittings but a plethora of on site facilities.
This apartment complex in Bulgaria, Sofia offers early entry into an emerging area, low entry costs starting from £6,500 and up to an 80% local mortgage is available, subject to status. Capital 68 is well placed to gain from a solid resale and booming rental market, and is further aided by the variety of apartment options available from studios to deluxe penthouse suites, all with balconies or large terraces.
The Bulgarian city of Sofia is fast becoming a highly strategic location for property investment – especially for the purpose of renting to a huge local commuter market. Rising demand is originating from foreigners working for the big multinationals in Sofia with companies such as Nokia, Microsoft, and Marks & Spencers all setting up operations in and around Sofia. In addition, the emerging Bulgarian mid to high class is vying for properties within commuting distance of the capital.
The need for more high quality properties in Sofia’s prime commuter locations will prompt developers to raise the quality level of new property developments in the future. Capital 68 certainly fills this profitable gap in the market now, meeting the high standards demanded by Obelisk for their clients.
Obelisk’s in-house research and marketing analysis ensures that Capital 68 offers the absolute investment opportunity with an early entry strategy that lends a huge boost to maximise capital growth.
Furthermore, the city is attracting the attention of Hollywood stars, now spending months at a time filming in Sofia’s new state of the art studios and many Pop Mega stars adding Sofia onto their European tour lists, prompting the emergence of a new luxury property market.
The country’s 200,000 millionaires are ready to pay top rates for a central apartment complex in Bulgaria - Sofia, with the rich list reportedly paying €2,000 per sq. m for complete exclusivity demanding especially commissioned parking ramps for their Italian sports cars.
James Gonzalez, Market Analyst at Obelisk comments, “Capital 68 is the height of luxury and affordability, exceptional for property around Sofia, The market is clearly sky rocketing, especially when compared with the more traditional cities and towns in France or Spain. Sofia’s commuter belt averages around £100,000 – you would be hard pressed to find a good apartment in the Costa del Sol for that price.”
Bulgaria secured the position of the world's strongest property market for price growth in 2007, with a record-breaking turnover of €11.36 billion, a huge €2.36 billion increase on 2006 figures, with a successful growth momentum set to continue by 15%-20% per annum.
A major upgrade of the country’s ski facilities is under way, including a £345 million Super Borovets project - a major development in the country’s most popular ski resort. Spa tourism is also on the up and steering the market further towards the more upmarket investors and holidaymakers.
The huge property price rise, which is largely attributed to an outstanding mortgage market, growing at a compounded rate of 88% by 2010, coupled with high annual revenue from properties, and the extremely weak impact of the world's financial crisis on Bulgaria means it is as lucrative as ever to invest in an apartment complex in Bulgaria, especially in Sofia.
Although relatively small in comparison to other European cities, over the past 5 years Sofia has seen its population increase by 100% to 1.2 million. This popularity will continue to rise over the next 5 to 10 years with 100,000 new inhabitants forecast to relocate to the city every year - thus expanding the housing market further.
Set in the emerging area of Kostinbrod, just 9 miles from Sofia’s city centre, Capital 68 is based in an expanding municipality with major motorway, train, and bus links. Kostinbrod is an excellent executive base with many airlines servicing routes all across Europe. Budget airlines are now picking up on this lucrative market with Wizz Air offering internal as well as various European flights from July this year.
Obelisk’s research, which receives both national and international media coverage, has shown that the emergence of new budget airline routes from companies such as easyJet and Ryanair has a major impact on property investment sites and actually predicts the next big thing in the global property markets.
James Gonzalez, adds, “Due to the favourable position and liberal zoning policy, a number of factories are choosing to relocate to the area, including international drinks giant Coca-Cola. The strategic location of Kostinbrod benefits from being within easy, commutable distance to the city and Sofia’s International Airport - with the added bonus of lower cost quality housing.”
James adds, “Since Bulgaria's EU accession foreign buyers' confidence in the country has grown immensely. British buyers, who still believe Bulgaria to be a destination for low-end investment rather than a second home or luxury rental investment, need to tap into the Sofia investment market. With the rising demand and the low supply of quality new builds, British overseas property investors need to look at why the rest of Europe views Bulgaria, and in particular Sofia property investment, so differently.”
About Obelisk
Obelisk’s market leading, robust selection process ensures only the best financially secure property investments for our clients. Our extensive research and analysis determines exactly where to build, what to build and when to build, from concept through to completion, making Obelisk unique within the property investment market.
For more information on Capital 68, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email: info@obeliskinternational.com or visit our website: http://www.obeliskinternational.com/
Capital 68 is a highly lucrative property investment opportunity offering outstanding value with an estimated profit of 152% return on investment over 5 years and a forecast rental return of 9%. The project has the added bonus of being within the commuter belt of Sofia - one of the most stylish, up and coming property investment cities.
Capital 68 takes advantage of an exceptional gap in the market, currently lacking comparable developments that are built to exceptional Western European standards, which not only includes quality fixtures and fittings but a plethora of on site facilities.
This apartment complex in Bulgaria, Sofia offers early entry into an emerging area, low entry costs starting from £6,500 and up to an 80% local mortgage is available, subject to status. Capital 68 is well placed to gain from a solid resale and booming rental market, and is further aided by the variety of apartment options available from studios to deluxe penthouse suites, all with balconies or large terraces.
The Bulgarian city of Sofia is fast becoming a highly strategic location for property investment – especially for the purpose of renting to a huge local commuter market. Rising demand is originating from foreigners working for the big multinationals in Sofia with companies such as Nokia, Microsoft, and Marks & Spencers all setting up operations in and around Sofia. In addition, the emerging Bulgarian mid to high class is vying for properties within commuting distance of the capital.
The need for more high quality properties in Sofia’s prime commuter locations will prompt developers to raise the quality level of new property developments in the future. Capital 68 certainly fills this profitable gap in the market now, meeting the high standards demanded by Obelisk for their clients.
Obelisk’s in-house research and marketing analysis ensures that Capital 68 offers the absolute investment opportunity with an early entry strategy that lends a huge boost to maximise capital growth.
Furthermore, the city is attracting the attention of Hollywood stars, now spending months at a time filming in Sofia’s new state of the art studios and many Pop Mega stars adding Sofia onto their European tour lists, prompting the emergence of a new luxury property market.
The country’s 200,000 millionaires are ready to pay top rates for a central apartment complex in Bulgaria - Sofia, with the rich list reportedly paying €2,000 per sq. m for complete exclusivity demanding especially commissioned parking ramps for their Italian sports cars.
James Gonzalez, Market Analyst at Obelisk comments, “Capital 68 is the height of luxury and affordability, exceptional for property around Sofia, The market is clearly sky rocketing, especially when compared with the more traditional cities and towns in France or Spain. Sofia’s commuter belt averages around £100,000 – you would be hard pressed to find a good apartment in the Costa del Sol for that price.”
Bulgaria secured the position of the world's strongest property market for price growth in 2007, with a record-breaking turnover of €11.36 billion, a huge €2.36 billion increase on 2006 figures, with a successful growth momentum set to continue by 15%-20% per annum.
A major upgrade of the country’s ski facilities is under way, including a £345 million Super Borovets project - a major development in the country’s most popular ski resort. Spa tourism is also on the up and steering the market further towards the more upmarket investors and holidaymakers.
The huge property price rise, which is largely attributed to an outstanding mortgage market, growing at a compounded rate of 88% by 2010, coupled with high annual revenue from properties, and the extremely weak impact of the world's financial crisis on Bulgaria means it is as lucrative as ever to invest in an apartment complex in Bulgaria, especially in Sofia.
Although relatively small in comparison to other European cities, over the past 5 years Sofia has seen its population increase by 100% to 1.2 million. This popularity will continue to rise over the next 5 to 10 years with 100,000 new inhabitants forecast to relocate to the city every year - thus expanding the housing market further.
Set in the emerging area of Kostinbrod, just 9 miles from Sofia’s city centre, Capital 68 is based in an expanding municipality with major motorway, train, and bus links. Kostinbrod is an excellent executive base with many airlines servicing routes all across Europe. Budget airlines are now picking up on this lucrative market with Wizz Air offering internal as well as various European flights from July this year.
Obelisk’s research, which receives both national and international media coverage, has shown that the emergence of new budget airline routes from companies such as easyJet and Ryanair has a major impact on property investment sites and actually predicts the next big thing in the global property markets.
James Gonzalez, adds, “Due to the favourable position and liberal zoning policy, a number of factories are choosing to relocate to the area, including international drinks giant Coca-Cola. The strategic location of Kostinbrod benefits from being within easy, commutable distance to the city and Sofia’s International Airport - with the added bonus of lower cost quality housing.”
James adds, “Since Bulgaria's EU accession foreign buyers' confidence in the country has grown immensely. British buyers, who still believe Bulgaria to be a destination for low-end investment rather than a second home or luxury rental investment, need to tap into the Sofia investment market. With the rising demand and the low supply of quality new builds, British overseas property investors need to look at why the rest of Europe views Bulgaria, and in particular Sofia property investment, so differently.”
About Obelisk
Obelisk’s market leading, robust selection process ensures only the best financially secure property investments for our clients. Our extensive research and analysis determines exactly where to build, what to build and when to build, from concept through to completion, making Obelisk unique within the property investment market.
For more information on Capital 68, contact Obelisk free on:
0808 160 0670 (UK) or 1800 932 514 (IRE)
Email: info@obeliskinternational.com or visit our website: http://www.obeliskinternational.com/
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