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Golf Course Construction Swings Into Action on the Bulgarian Coast

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There has been much interest in the high plateau area overlooking the northern coast at Topola just north of Balchik in Bulgaria. Investors who have bought land in this location have enjoyed substantial gains in the value of their Bulgarian property investment, but will this continue?

For the most part of 2005 there was little activity on the golf course construction site. This lead to speculation that the golf course may not actually be built. However, in recent weeks there has been a flurry of building activity and visitors to this attractive location on the Black Sea Coast can now visualize that this really will be an exemplar property development in Bulgaria.

The 18 hole golf course will also offer clubhouse facilities, restaurants, bar, swimming pools, tennis courts and volley ball. Luxury villas in this fabulous development will be available and top prices will be up to Ј300 000.

Ian Hunt at Best Bulgarian Estates Ltd, a UK based Bulgarian property agency, said,

'The development of the golf course at Balchik is great news for people who have invested in land and property adjacent the golf course. The ongoing construction will now prompt more land owners and developers to build properties at Topola. But it is still good news for people considering investing in Bulgaria. Building plots at Topola can still be purchased for around Ј15 000.

It is possible to build a good standard Bulgarian villa for around Ј30 000. In light of the golf course construction many people, now looking for potential investment opportunities will be attracted to the area. We think the price of land in this area will rise significantly over the next few months. This is currently an excellent investment opportunity'

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