Hey Kayjay,i don't think so, Diz. As far as I could see all the buildings are already built, so there's no on-going building work. The new blocks were all sold to a Scandinavian company as a job lot, according to Simeonovo, and there are only about 10 unsold apartments on the whole complex.
My lawyer is good and is currently checking out everything to do with the access; we're waiting for the official response from the municipality so we can get a full picture of what's going on.
Watch this space!
That's quite likely true, although the rental market in Sofia is a lot different to Bansko, dare I say..... :wink:the developer wont be able to meet the rental income which is why there is no point buying their furniture - we got an identical pack to theirs for 5.5k from Furnish Bansko saving 2.5k and are taking rentals into our own hands on ownersdirect - we already have some enquiries!
I'm not quite sure what that means, Diz. "Safe" in what sense? In the long term, I'd imagine that rents will indeed rise again but the income is predicated on factors which I don't think are relevant for the foreseeable future.I think that the income is safe due to the fact that it was in fact priced into apartments right from the start and most are sold !