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| Lake Residence - Burgas City Property |
Lakeland Mews is located in a suburb of Burgas, surrounded by freshwater lakes and lush green countryside. Only 5 minutes by bus into the centre of Burgas, you will never be far away from all of the cities amenities. If, however, you don’t fancy the trip, Meden Rudnik has supermarkets, banks and general shops which have most of the essentials you will need. Indeed, Lakeland will have its own supermarket, hair salon, cocktail bar, shops and health spa!
Meden Rudnik has seen a property boom in recent years, with prices increasing from an average 240 euros/sqm to over 500 euros/sqm! (Over 100% increase in 18 months!) This sudden increase in property prices has been driven by the recent development of the region and local government investment. In terms of up-and-coming investment property, Meden Rudnik can be classed as a real ‘hot-spot’. The recent upsurge in property investment is making Meden Rudnik a sort after location by domestic and foreign investors, as they see massive capital gains in the future. With off-plan apartments starting from (€30,000), it represents affordable property for the domestic market and an entry level investment for foreign investors.
Apart from the capital appreciation that you will make over the time you own the property, the rental market here is strong. With rental returns in the region of 5 to 6%, this is a sound investment.
Many are comparing Meden Rudnik to some of the development success stories seen in other parts of Europe, where prices had stagnated for decades, only to suddenly become rejuvenated by re-development and investment.
The Details:
- 5 minutes bus ride from Burgas city centre
- Close to freshwater lakes and the green countryside
- 1 and 2 bedroom apartments (42 to 95 sqm)
- Luxury fitted apartments with Italian tiles
- Fitted bathrooms
- Fitted kitchens
- 2 Shops
- 2 Supermarkets
- Cocktail Bar
- Fitness centre
- Beauty Saloon
- Pharmacy
Payment Plan: 30% Signing of Contract 20% November 2008 20% May 2009 20% November 2009 10% Completion Bulgaria Property Completion 1st June 2010
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