Fit for Royalty
Located in the heart of Europe, east of Italy and north of Greece, Bulgaria boasts a beautiful western coastline along the Black Sea and offers all the lifestyle perks of the Mediterranean Riviera: pleasant year-round weather, vineyards, beaches, golf and boating – but without the hefty price tag. A new residential development, the Royal Riviera Resort, aims to offer investors their own slice of luxury and the chance to benefit from the country’s burgeoning property market.
Developed by LandTrust Europe and its local property fund Bulgarian Land PLC, the Royal Riviera Resort offers over 200 luxury apartments, a collection of private villas and a range of luxurious amenities. Developers
are targeting holiday homeowners looking to enjoy the lifestyle and investors looking to benefit from an up-and- coming property market. European and Russian investors have been active in the market in the first half of 2014 and property analysts believe real estate is likely to experience annual appreciation levels of easily 10% and more over the coming five to 10 years.
Paris-trained architect Stefan Dobrev designed the resort to benefit from its coastal location, maximising sea views and adding a classic touch to the buildings. The villas are accessed via a private road and feature 215 sq m of living space spread over three floors. Private parking and tree-lined plots with manicured gardens create a sense of peaceful solitude. The apartments themselves boast interiors designed by Versace and are spread across four buildings in a variety of unit styles, from studios to three- bedrooms, and range in size from 185-392 sq m.
The secure, gated community was also created with lifestyle in mind. Property owners at Royal Riviera Resort will enjoy an array of amenities that include a members-only beach club, golf course, tennis courts, a spa, concierge services and a helicopter pad. There are also on-site conference facilities and luxury boutiques set to include high-end brands such as Versace and Prada, as well as a climate-controlled wine cellar and cigar lounge.
The project’s location among a lush, undulating landscape also makes it an ideal choice for golf enthusiasts. The sport is booming in Bulgaria and world-class golf courses such as Thracian Cliffs Signature Course, The Lighthouse Signature Gold Course and BlackSeaRama Golf Course offer stunning scenery and great value. There is also an 18-hole golf course located just three miles from the resort.
After the long summer season ends, Bulgaria also offers powdery slopes and alpine resorts. There are over 15 major locations including Bansko, Borovts and Pamporovo. In recent years the country has invested heavily in its alpine facilities and its slopes are increasingly popular among European skiers as an alternative to the Alps.
The process of buying, renting and selling properties at Royal Riviera Resort has been designed to be as seamless as possible. LandTrust Europe, the development company for Royal Riviera Resort, is acting as the managing agent for buyers and rental residents offering
a comprehensive investment service that includes everything from viewing trips, designed for both the novice buyer and experienced investor, to an experienced legal team, as well as a management program that helps generate strong rental returns.
With over 20 years of experience developing property in locations from the Turks and Caicos to Germany to Spain, LandTrust has developed a strong network with some of the world’s leading management agencies and tour operators. The company also understands that resale and exit strategies are an issue in young and emerging markets, particularly where language barriers and unfamiliar procedures can seem daunting, and have therefore created a dedicated resale department in house.