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We are sorry, this property is not available anymore
SPECIAL OFFER
"Gorna" means "high" in Bulgarian. The village of Gorna Vasilitsa lives up to its name. Situated high on the mountainside above the town of Kostenets, the village commands a stunning view over the valley below and Bulgaria's highest peaks, the Rila Mountains, on the opposite side.
Gorna Vasilitsa is a sleepy hamlet. There are no shops or bars, and the loudest sounds you're likely to hear are birdsong and crickets. Only 7km away, however, is Kostenets, a significant town, reached by a very fast, wide road down the mountain, where you can find anything you want. At the foot of the mountain, only 5km distant, is a large supermarket. Another road out of the village winds its way tortuously down 5km to the famous resort of Momin Prohod, Bulgaria's second most important health spa. It has a sanatorium for adults and a specialised children's sanatorium. Momin Prohod and Kostenets are on the railway line between Sofia and Plovdiv, so the apartments can be reached easily without a car.
Gorna Vasilitsa is about an hour's drive from Sofia airport by the motorway. In the coming years a new motorway spur is planned to run nearby over the mountain to Borovets, 33km away, cutting the travel time considerably. The village is also only 8km from the planned major golf course at Dolna Banya, and 15km from the village of Kostenets on the other side of the valley, where there are ski pistes and lifts.
Architectural plans for 12 new 1-bedroom apartments (sleeping 4), with breathtaking views of the valley and mountains are being given away free with this plot of land. The plans are complete, except for the one plan showing the location of the connections for the electricity, water and sewerage.
Panoramic windows and deck/balcony. These apartments will be very unusual, in that their design emphasises spacious living, thus making them suitable for both permanent and holiday use.
With the new upsurge in popularity for Bulgaria as a holiday destination, and the tremendous sudden increase in demand for mountain accommodation, and especially spa health treatment, these apartments should offer phenomenal rental potential.
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BG-52840 |
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PROPERTY FACTSHEET
Property: Building Land (Residential)
Region: Borovets Region
Location: Gorna Vasilitsa Village
Land: 1,149 m2
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| (seller's asking net price is highlighted; other prices are for reference use only using Bulgarian Central Bank's exchange rates of the day) |
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 | Magura Cave
| © 2021, D. Georgieva |
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DID YOU KNOW?
March 29,2021
Bulgaria's real estate market stable in 2020 despite coronavirus crisis - Raiffeisenbank
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Call Properties in Bulgaria (a service of easyBG Real Estate LLC) - probably the best UK BG property specialists since 1998. Talk NOW with no obligation to a real person. Please call us at 020 4577-3369 (UK) or +359 29 862-863 (BG) |
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 Whilst every care is taken to ensure that all general information and descriptions of property is correct we advise all clients to make their own checks and take legal advise when purchasing property overseas. Information and price guides subject to change. All properties shown are to the best of our knowledge genuinely for sale at the time of publication (unless clearly marked "Under Offer" or "Sold"). Although the properties have been visited by our staff and details are produced in good faith, no responsibility is taken by us for any discrepancies, inaccuracies or omissions. All introductions and referrals to agents, lawyers and other services are made in good faith but no responsibility is taken by us for any problems or negligence which may arise. All background information about Bulgaria is taken from that available in the public domain and is not a recommendation from us or our staff although of course we may add comments and suggestions based on personal experience (such as restaurants)
14 July 2021, Our new UK phone number is now activeAs of today our new UK landline phone number 020 4577-3369 is opperational for all our clients to call during the extended office hours. Please note the old mobile number (07440 964-345) will be disconnected at the end of July 2021.
14 Feb 2021, Communication restoredOur sincere apologies to all of you who've recently faced certain difficulties using our 'Contact Us' and 'Free Property Listing' forms. Both are now working OK. Sorry for the inconvenience. Please try them again now.
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 | IMPORTANT Due to the recent events related to the COVID-19, regretably after 22 years, we had to leave our central Sofia office for correspondance and administrative purposes only. For personal appointments and property viewings please contact us |
 | NEWS PROPERTIES IN BULGARIA - our NEW official mobile app is now open for free download on the market at: click here |
Bulgarian National Bank to restrict mortgage loans as of 2021, 23/09/2021
The Bulgarian National Bank has taken a decision to restrict mortgage lending. The Board of Directors has decided to increase the capital buffer for banks' risk loans from 0.5% to 1% from 2021. The measure aims to ensure that vaults have sufficient reserves to cover losses on non-performing loans. As a rule, the buffer is increased when it is necessary to "cool" a large increase in credit. [read more]
Price of agricultural land has risen by nearly 50 percent for 6 years, 14/09/2021
The price of arable land in Bulgaria has risen by over 47% for 6 years, the National Statistical Institute reported. In 2014, the average price was 362 euros per decare and in 2020 it was 533 euros. The biggest rise is seen in the southeastern region of the country - over 79%. Agricultural land there used to be cheaper, which made it attractive to investors. [read more]
Bulgarians become the biggest investors in real estate properties in their homeland, 01/09/2021
The Covid-19 crisis has affected all business spheres. However, according to data of Bulgarian real estate agents, demand and sales of housing properties have gone up, especially in the big cities. In their view, this is due to several reasons, but the latest increase in property sales is mainly due to the return of confidence towards Bulgaria’s property market. Investors are showing serious interest in depreciated holiday properties sold predominantly by foreign nationals who are rushing to sell their properties in Bulgaria even at prices below the market prices. This is so, because these people find it difficult to travel during the coronavirus pandemic. The main purchasers of real estate properties in Bulgaria are Bulgarian citizens living in Bulgaria or abroad who invest their savings in properties, in order to rent them or spend their summer vacation in them. [read more]
Are Brits Investing In Bulgaria Because Of Its Lenient Travel Restrictions? 17/08/2021
Many people expected the property market in Bulgaria to struggle in 2021. Property around the world was suffering price cuts, the pandemic having left potential home buyers with limited funds. Furthermore, Brexit was expected to have a big impact on British investment. [read more]
Health Ministry Orders Termination of Contract for New Children's Hospital, 26/07/2021
The Health Ministry has ordered the termination of a contract for building a new children's hospital which would involve the completion of a complex of buildings nextdoor to Sofia's Alexandrovska Hospital. [read more]
Sofia Airport to be Modernized with an EIB Loan of 40 Million Euros, 14/07/2021
The European Investment Bank (EIB) and the special investment company Sof Connect AD have signed a loan agreement of EUR 40 million for the modernization of Sofia International Airport, BNR reported, referring to the bank. Funding is supported by the European Commission's Connecting Europe Facility (CEF). [read more]
Bulgarians Buy out Russian’s Real Property on Black Sea Coast, 04/05/2021
Russians with properties on the Bulgarian Black Sea coast are now selling them en masse. Their withdrawal from the market is not because of the coronavirus, but because of the depreciation of the Russian ruble, according to brokers quoted by Trud. [read more]
Bulgaria's real estate market stable in 2020 despite coronavirus crisis - Raiffeisenbank, 29/03/2021
The real estate market in Bulgaria remained stable last year despite the challenges stemming from the coronavirus pandemic, with residential property prices continuing to grow, albeit at a slower pace compared to the pre-crisis speed, Raiffeisenbank Bulgaria said on Monday. [read more]
UK Embassy in Bulgaria, 31/01/2019
Ambassador Emma Hopkins has a message for UK nationals in Bulgaria. In it she provides an update on latest negotiations, the Embassy's recent work and reminds of the importance of registering with Bulgarian authorities if you reside in Bulgaria. [watch the video]
irishtimes.com, 26/04/2018
The flipside is that Bulgarian property is now remarkably affordable and probably appropriately priced. Properties that sold for €80,000 10 years ago are widely available now for €25,000, writes Diarmaid Condon in Is the price now right for Bulgarian property investments?. [read the article]
independent.co.uk, 17/04/2018
If you're looking for a cheap beach holiday this summer, you should head to Bulgaria and Turkey, according to the 12th annual Post Office Travel Money Holiday Costs Barometer. [read the article]
independent.co.uk, 13/12/2017
British holidaymakers are moving east to extract more value for their pounds, according to Europe’s biggest travel firm, writes Simon Calder in Bulgaria and Croatia See More Bargain-Seeking Brits. [read the article]
oxfordbusinessgroup.com, 22/07/2010
Nick Lavtchiev, director of Easy BG - a company that deals almost exclusively with UK clients - told Oxford Business Group (OBG) recently that, "Over-urbanisation is no good for this market. What is the point of going on vacation or having a home in a place that is as overpopulated and ugly as where you came from? There are plenty of other places in the middle of nowhere that are of interest to aspiring permanent residents.". [read the article]
The Report - Emerging Bulgaria 2007, 01/01/2007
"There is significant scope for development of spa and welness tourism due to Bulgaria's many mineral springs. Golf course development is another area where we are seeing growth." said Nick Lavtchiev, CEO of easy BG a local property firm". [read the book]
telegraph.co.uk, 05/05/2004
The prices are almost irresistible, but buyers must beware dodgy deals and 'iffy' infrastructure, writes Cheryl Markosky in Bulgaria Beckons. [read the article] |
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