Trout Creek

Trout Creek, Madzhare, Bulgaria

With one of the lowest costs of living in Europe, Bulgaria continues to attract increasing levels of foreign investment and tourism.

Located in the far South East of Europe, Bulgaria borders Greece, Macedonia, Romania, Serbia, Montenegro and Turkey. It has a land mass roughly the same size as England with a population of approximately 7.45 million people.

Bulgaria has a diverse geographical landscape with mountain ranges spanning across much of the South, flat plains to the North and 354km of Black sea coastline.

The Bulgarian property market is buoyant, delivering significant capital growth since 2003. Rentals also remain strong, increasing by an average of 13% since 2004. Now a forward thinking democratic state,with a stable currency pegged to the Euro, Bulgaria is enjoying strong economic growth of 7.5% per annum. This dynamic growth is the result of fast moving political and economic reforms.

Trout Creek

Investment Points of Interest

Prices From: €48,900 (euros)

Property types: 1 Bed Apartments

Completion: May 2009

Finance Plan: Stage payments

Bulgaria is widely recognised as one of the most beautiful holiday destinations in Eastern Europe and has enjoyed substantial growth in international tourism over the past decade. For a third consecutive year Bulgaria maintained its position as Europe’s cheapest tourism destination in a survey by the Thomas Cook. 75% of Bulgaria is covered with mountains presenting tourists with one of the cheapest ski destinations in Europe. This has resulted in a significant increase in ski tourism over the past few years. There are three main resorts: Bankso, Pamporovo and Borovets

Resort Overview

The Trout Creek development offer outstanding design positioned in an exclusive setting. The apartments benefit from an efficient layout that easily sleeps 4 people. Fully fitted kitchens including appliances and Ideal Standard bathrooms are finished to a high standard. The annual maintenance charge is just £250 and a ‘Ready to Rent Furnishing Pack is available for 2,750 euros.

Located in the alpine village of Madzhare, a free 10 minute shuttle bus connects Trout Creek to Borovets, Bulgaria’s biggest and longest established ski resort featured in leading ski holiday brochures by Inghams, Crystal and Thomson.

Borovets is part of the ambitious Super Borovets expansion plan which is set to attract a 300 million Euro Investment. The resort will spread from the town of Samokov to the village of Beli Iskar and will be divided into three areas. The areas will be connected by numerous new ski lifts including two new cable cars. This will greatly extend the skiing area. The expansion will double the number of beds in the area and attract tourists throughout the year not just during the winter. Fishing, Walking and Mountain Biking are popular in the area and two new golf courses are planned for construction.

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