Property Investment Overseas

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I decided around 2 years ago that I required to appear outside the UK if I wanted to be prosperous with my next property investment. My travels took me far and wide from South Africa to Spain, Portugal France and the Balkans.

Soon after 12 months heavy research my mind was created up, it would be Bulgaria. I understand the principal difficulty with Bulgaria is organised crime, then again when the average wage is £300 per month, poverty and criminal activity go hand in hand. I merely think that soon after joining the European Community in Jan 2007 points will steadily improve for the many people of Bulgaria and this will lead men and women away from crime. A number of consumers will realise that the changing of their country delivers a fantastic chance for businessmen.

I looked at Bansko for various months in the finish I decided the costs are already over inflated, renting opportunities will be limited to the winter months and finally the sheer quantity of apartment blocks getting built is off putting.

What I necessary was some thing that could cater for the full year's rental market place, and some thing that would draw people's attention. I found my answer at the Ibar Golf Club. This complicated when completed be a secure area housing 500 villas or apartments, shops bars, gym's etc all built about a Nicklaus designed golf course, added to that the ski resort of Borovets is only 15 mins drive away and Sofia airport 40 mins. The much more I investigated this location the alot more I like it. Preparing permission is only allowed up to two stories and buildings have to be of a design as not to undermine the entire district. Before deciding to commit myself I had to be certain the Nicklaus group itself were involved and the whole thing was not some elaborate scam, I emailed the group and received the following response

Dear Peter:

We are in receipt of your email regarding the Ibar Golf Club, situated in Bulgaria and hereby confirm that Nicklaus Design is duly contracted to deliver design services for this project. When jack Nicklaus is not personally involved in the design, his business Nicklaus Design is the designer of record. To date the construction on the golf course has started. Will need to you have any other questions, please let me know..

Thanks, RB

Ray Ball

Nicklaus Style, LLC

This was it my journey was at an end my investment was produced, no one can predict if it will be a wise investment, only time will tell. All I do know is for £120,000 in UK, I could not have bought a fully furnished villa on a golf course with a heated swimming pool, all located at the foothills of the attractive Mount Rilla.

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