Local Area - Thracian Cliffs, Black Sea Coast

Local Area

Located near Balcik on the Black Sea coast, Thracian Cliffs Golf and Spa Resort will be nestled on an untouched private beach. Blacik is a very traditional and historic area of Bulgaria , and due to strict building and planning laws the area will not suffer from overbuilding like other resorts on the Black Sea Coast . Yet the resort is also only 30 minutes from Varna Airport , and therefore easily accessible. With increasing numbers of airliners offering flights Bulgaria is only 3 hours away from the United Kingdom and the rest of Europe .

Thracian Cliffs is designed to reflect local architecture with an accent on contemporary living. The resort is within easy reach of historic cities, such as Kavarna with its remains of Roman villas, medieval churches and Ottoman architecture and nearby Varna , the country's third largest city, notable for its imposing landmarks and cosmopolitan buzz.

Why invest in Bulgaria

The country:

Bulgaria has a Mediterranean climate of dry summers and mild winters and an average of 300 days of sunshine a year.
Bulgaria is a land of natural diversity, with natural landmarks, rich variety of flora and fauna, abundance of curative mineral springs, ancient cultural and historical sites, hospitable sea resorts and perfect opportunities for skiing.
The richness of cultural and historical monuments, including ancient Thracian, Greek, and Roman makes Bulgaria the perfect destination for history lovers.
Bulgaria has three National Parks – Pirin, Rila and Central Balkan. They have a total area of 193,049 hectares and comprise more than one third of all the protected areas in Bulgaria .

The government and economy :

Bulgaria is an emerging market with a booming economy.
The Bulgarian government has adapted a friendly, open policy towards foreign investment, and in recent years has reduced tax rates to further fuel foreign investment.
The general cost of living is one of the cheapest in Europe .
Bulgaria is within 3 hours or less from the UK , Holland and Germany by plane.
Bulgaria joined NATO in 2004 and is set to join the EU in 2007.
Financial and political stability in Euro zone- stronger currency, stable inflation, stable interest rates and stable growth.
Freedom of movement for people- employment, relocation, retirement
Freedom of movement for companies.
European standard of living.
European markets have opened up.
Increase in prices across the country on all goods and services.

Property:

Property prices are currently very low in Bulgaria and rising sharply. Properties in some of the coastal hot-spots experiencing capital appreciation of around 25% a year over the last two years (Newskys).
High quality property at low property prices
In 2003 the price per m2 was €650, now it is over double that figure.
Rapidly becoming the most sought after area for investment in Europe . It is still some of the cheapest in Europe and it is still possible to find front line ski and beach developments.
Mortgages and financial products with better rates will appear within 2-3 years.

Tourism:

Bulgaria is currently experiencing a tourist boom.
1,248,138 foreigners visited Bulgaria in the period Jan-May 2004.
Tipped by Thomson's 2004 Holiday Forecast as the new top destination.
The diverse geography and climate allows both ski and beach resorts.
Huge investment from Germany , Scandinavia , Russia , Greece and the UK and Ireland .
Tourism from Greece , Germany , Scandinavia , UK , Turkey , Russia , Czech Republic and Ireland .
Strong candidate for 2014 Winter Olympics.
Open of Greek border to allow influx of new tourism.
A modern air terminal and new runway are being built at Sofia International Airport and the Varna and Bourgas airports, on the Black Sea , are to be upgraded.
Road links to Western Europe will be improved by major motorway links in the north and the south.

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