Dolna Banya
Development land for sale in Dolna Banya represents excellent value for money in the current world climate and as we are often told and read, land investments very rarely depreciate in value !
As we are all aware stocks and shares are plummeting and currencies flagging to all time lows, surely 2010 has to be the best time to take advantage of one of the finest commodities in Eastern Europe - development land in and around Ibar Golf course at Dolna Banya.
Early Days
Dolna Banya is located 75km from Sofia the capital city of Bulgaria and is a prime area in regards to land for sale, in particular development land.
The town of Dolna Banya historically has been well known for its hot mineral springs and became a popular tourist destintation for bulgarians during the communist regime.
Now the area is very much primed ready for development with some truely amazing opportunities to buy land and great prospects for investors who can see the potential capital growth to be achieved by land banking. It is still very early in the life cycle of the immediate area and tourist market so there is still an opportunity to invest in the area.
Just a 15 minute drive away is the famous ski resort at Borovets, which is also seeing its own development as part of the "Super Borovets Project", which will super size the ski runs and tourist capacity. This project will have a positive impact on surrounding areas for land demand and futher development opportunities.
In the future developing housing communities for the tourist market will lead to further increases in the price per square metre for land in Dolna Banya. Acting now and securing the best plots will of course bring greater rewards in the future.
Golf Course
Dolna Banya has particularly been the subject of huge amounts of investment due to the launch of a Nicklaus designed, signature golf course, funded by IBAR.
Golf club IBAR is classified as a private investment company who plan to finalise the construction of an 18 hole golf course (in conjuction with the municiplaity who are also shareholders) whilst attempting to build a community and housing estate for golf club members, private home owners and holiday rentals.
In recent times changes of the mayorship within the Dolna Banya municipality has seen administration processes reviewed and new cadastral plans revised for expected implementation in late 2010.
It is worth noting that the municipality has openly encouraged by way of puplic statements that other investors and investment proposals are welcomed for the area.
Since 2005
Astute investors since 2005 have been acquiring agricultural land within the perimeter of the golf course ( perimeter as per the municipality plan, not the IBAR golf course routing plan).
Owners of agricultural land in and around Dolna Banya, Kostenets and Kostenets Village have proceeded to change the status of their agricultral land by applying for regulation.
The interest in land acquisition in this region has remained high ever since the announcement of the Nicklaus signature golf course and in years to come will prove to be a very shrewd investment in terms of the selling price per m2.
The change of mayorship and global economic crisis of course has had an effect in terms of progress in this area, however like any type of investment there is always peaks and troughs.
Astute Investors
Our
full investment prospectus is due for release
"end of quarter 1 in 2010"
Whilst the reports are being finalised please email us with any interest in the advertised plots and invetment potential using the email link logo below.
The reports will allow you to view the historical annual capital growth rates, view data regarding the Dolna Banya area and see our projected growth rates for the next five years, these factors combined will enable you as a keen investor to make an informed decision about purchasing prime development land in Dolna Banya.
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Investors Report
Golf Course Report
