London, UK (PRWEB) September 21, 2007
Kavarna is creating a new wave of interest for Property in Bulgaria state Obelisk, with Kavarna Bay in particular being developed with exclusivity and high quality in mind.
The region of Kavarna will not only cater for the sun-sea-sand traveller but also the yachtsman, the golfer and the fishing enthusiast. Over the last few months Kavarna, as a resort, is turning into one of the most attractive destinations for property investment and development. With only a 30 minute transfer time from Varna airport and 38km from Romania, the Black Sea town of Kavarna is sure to become a popular playground for the tourist market.
The area will benefit from a proposed €15 million development of Bulgaria's FIA approved Formula 1 racing complex, project managed by British company Berkeley Square Trading Limited. The significant level of inward investment is apparent, with the approval of plans to enhance Kavarna's port into a new modern marina and yacht club specifically targeted to the luxury clientele.
Two golf courses which have been designed by the world famous Gary Player are currently under construction, one of which will be in the top five largest in the world. The mild climate in Kavarna is conducive to the construction of the golf courses and once the golf courses are complete the rental potential of the region will be phenomenal and yields are set to fly.
Andrea Elliott, Business Analyst at Obelisk comments 'The economic success and the future vision for Kavarna is not speculative; €700 million has been invested in Kavarna within the last four years from internal and external investors. Many positive influences include mild weather conditions, excellent sporting facilities, quality developments and the close proximity to Varna airport, all of which enhance the areas investment potential dramatically. To the property investor this will mean the luxury of year round rental income and access to a very dynamic resale market.'
This modern and contemporary town stands on an ancient site dating back to the second millennium BC, providing the tourist with an eclectic mix of history, art and culture. Reconstructed roads and infrastructure, well developed services and a fast growing economic and cultural mix is catching the attention of both the Bulgarian and foreign investors.
Kavarna is also one of the biggest agriculture producers in Bulgaria and lends itself to the possibilities of competitive production and attracting new employment, partners, creditors, and investors. A lot of Bulgarian, international and foreign partnership companies, with many branches already in operation, have invested heavily in Kavarna all boosting the areas economic conditions and consumer spending.
For more information on property in Bulgaria and to find out about Obelisk's latest projects, contact: Obelisk on 0808 1600670 or email info(at)obeliskinternational.com or visit our website http://www.obeliskinternational.com