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Key Features |
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Apartments built to the highest standard of architectural design |
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Luxury bathrooms and fully fitted kitchens |
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Breathtaking sea-view apartments |
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Unspoilt lush green hills and interesting wildlife |
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Spa centre with massage halls, steam room, swimming pool. |
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Read more about Albus |
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| FAQs |
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Albus Spa Resort is a mere 200 metres away from the beach; residents of the Resort therefore have the luxury of enjoying both the quiet of the resort, surrounded by the lush green hills of the Baltata Reserve, and also Albena’s 6km stretch of fine golden sands. |
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The apartments at Albus Spa Resort have stunning sea-views: a rarity in similar complexes on the Bulgarian Black Sea. Coupled with the stunning backdrop of the forest, the location is exclusive and unique. |
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Most things in Albena are within walking distance- or you can always use the Disney-style trams (“trolleybuses”) to get about the town. Albena is the most organised resort in Bulgaria, with a large number of street maps to help you find your way around. There is a plethora of restaurants offering a vast variety of international dishes. |
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Albena offers the best range of activities in the country, with all kinds of watersports like parasailing, surfing, water-skiing, banana boating, diving, and it also has plenty of tennis courts, a riding school, a football pitch, beach volleyball, golf. It also boasts the largest number of mineral springs in Bulgaria- there are a number of places that offer massage and spa facilities. |
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Albena is named after the heroine of a play by the great Bulgarian writer Yordan Yovkov; this heroine was gifted with extraordinary beauty. Indeed, Albena lives up to its name- the sea is gloriously clear, blue and calm; the beaches are uncluttered and beautifully clean; the streets are lined with sycamore and oak trees; there is little traffic in the town; the buildings are laid out in such a way that they let enter as much sun as could be possible. Albus itself (meaning “White”) will be designed to be as pure and as beautiful as the town in which it sits- offering facilities that rival those of 5 star hotels. |
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The property will have 2 outdoor swimming pools: a children’s size pool and a larger pool. |
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The property is very accessible by trolleybus, and is on a main road. |
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Albena is located only 12 kilometres from the beautiful, historic town of Balchik, and 32km from Varna, the country’s third largest city. A bus service to Balchik runs every 20 minutes and the journey lasts approximately 20 minutes. Varna acts as a gateway to the northern Black Sea resorts like Albena. There is a regular bus service (departing every 30 minutes) from Albena to Varna, via Golden Sands (20 minutes away); the journey costs approximately 4 Lev (€2), and lasts a mere 45 minutes. There are also regular services to Sofia and Dobrich. The bus station in Albena is located about 800 metres from the beach and is connected to the hotels and beach by trolleybus (Disneyland-style trains). You can also rent a car in Albena from as little as 70 Lev (€36) a day, or travel around on horse-and-cart.
From Varna, there are innumerable options for travel; it is served by an international airport, which lies close to the centre of the city, and most European destinations can be reached from here in less than 3 hours. You can also reach Varna by sea; from here, you can travel from the Port of Varna Cruise Terminal to exciting destinations, including Istanbul and Odessa.
The nearest countries to Albena are Romania to the north (approximately 60 kilometres: an hour away from Varna), and Turkey to the South (only 2 hours away from Bourgas in the Southern Black Sea coast). |
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A short-stay visa can be issued for visits that are not longer than 90 days; for a business trip visit, the applicant must present an invitation for the business trip. KVJ will assist clients with this, and also with travel to and from Bulgaria. Bulgaria is also due to join the Schengen agreement in the near future- this will facilitate travel between Bulgaria and other Schengen countries. |
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Towards the middle of 2008, Quest Bulgaria magazine reported that Bulgaria’s property market had seen some of the world’s highest annual increases in real estate, with levels of around 30% per annum over the previous 3 years. This has since stabilised, creating a realistically sustainable property market. Specialists still believe that the market has room for sustained growth, creating strong opportunities for medium and long-term investors.
Bulgaria is regarded as one of the fastest developing countries in Europe, yet it still offers exceptionally low residential property with good capital growth forecasts. This makes it one of the world’s leading emerging markets. |
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The current mortgage situation for buying in Bulgaria is much the same for those who want to purchase property practically anywhere; banks are focusing on sensible levels of gearing, identifiable affordability, and the value and location of the property itself.
Even during the credit crunch period, mortgages are available from the banks. It is easier to get a loan for E.U. residents, however, it is still possible to get mortgages/loans for non-EU citizens- this will depend on the individual’s circumstances.
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KVJ is offering 8% (of the basic selling price) guaranteed rental returns each year for 3 years; this will commence on absolute completion and furnishing of the apartments. |
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The anticipated start date of construction is September 2009, with the finishing time expected to occur in May 2012. Once Article 14 has been completed (i.e. once the structure is up), ownership of the property can be transferred to the client if they so desire. |
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KVJ will ensure the management and maintenance of the property, including cleaning, gardening, swimming pool maintenance and on-site security. Security will provide 24-hour gated control, with CCTV. This service will be covered by the annual community charge payable by the apartment owners. |
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The World Bank describes Bulgaria as a “good place for investment”- back in August 2008, investors into Bulgaria’s property market were still experiencing gains in excess of 15% per year; whilst this figure had decreased over the previous 3 years, it is believed to be a stable indicator of future real estate growth.
The World Trade Organisation described Bulgaria as one of the most interesting “new faces” in the tourist industry- it predicts that the number of visitors to Bulgaria will exceed 20 million by 2010. Bulgaria’s ever-increasing popularity as a tourist destination, with its attractive sandy coastline, pleasant climate and cheap destinations, will ensure that the country will continue to thrive under the current economic climate; the stunningly attractive resorts, coupled with the cheap prices mean that holidaymakers will choose even more to come to Bulgaria, choosing it over the more expensive destinations; this will undoubtedly have positive repercussions on the property market.
Recent liberalisation in the mortgage market means that financing a Bulgarian investment is far easier than ever before.” Bulgarian banks have been offering more attractive mortgages and credit facilities, and have been looking to make borrowing easier and more accepted.
According to Quest Bulgaria Property and Life Magazine, Bulgaria is considered to be “one of the most rapidly advancing nations in Europe today”. Renowned amongst property investors for its interesting natural beauty, coastal and mountain resorts, excellent property prices, and coupled with Bulgaria’s natural advantages of sun, sand, ski, stunning nature, the country attracts property investors, “many of whom regard it as one of the world’s best emerging markets” (Quest magazine, August 2008). |
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Investments are secure and under strict regulations of the European Union. |
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Bulgaria, a fully fledged member of NATO and the European Union, offers a gateway to the treasures of Europe; access to the rest of Europe has become considerably easier, and once Bulgaria joins the Schengen agreement, this will facilitate access even more. Bulgaria is at an advantageous location, sharing its borders with five countries, whilst also benefitting from the Black Sea on the Eastern side. Therefore, it is accessible by rail, road and air. |
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More and more foreign investors are identifying Bulgaria as the place in which to invest, attracted by its glorious beaches, stunning landscapes, warm people and delicious food. The climate in Bulgaria is also very inviting; April-October months offer pleasant warm temperatures along the Black Sea coast. |
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Stable economy and government |
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Extensive programme for improvements to infrastructure to cope with the influx of tourists, thereby facilitating travel between Bulgaria and other European countries. |
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Favourite location for homebuyers from EU and non-EU countries, and influx of foreign tourists particularly since accession to EU. |
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Bulgaria is in a strong fiscal position and runs a budget surplus. |
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30% increase in real estate value reported over the last 3 years. |
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Superb academic training in higher education. |
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8% annual guaranteed rental returns from date of completion for 3 years. |
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Long-term additional assistance and services from KVJ to assist in travel, admissions in educational institutions, business integration. |
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