Prices starting from £44,547

• Average price per sqm of €866/sqm (£610) – 16% Below Market Value
• Long lead time of 28 months before investors complete on their units
• Great transport links into and out of the city via Bulgaria Boulevard and the ring road
• Great location to the south of the city with views of Vitosha Mountain
• Developer with excellent track record – joint venture with RREEF, the real estate and investment management arm of Deutsche Bank
• Excellent design marrying stunning mountain views and functionality

Winslow Gardens is a landmark development, located in one of the affluent districts of Sofia. The developer, Winslow Developments Ltd, is one of the best developers in Sofia, with an excellent track record and very high building standards. It has formed a joint venture with RREEF, the real estate and investment management arm of Deutsche Bank, in the Winslow Gardens development.

We are offering this investment at prices 16% below market value. This development is in the popular district of Manastirski Livadi, ideally situated to the south of the city. The site benefits from views of Vitosha Mountain to the south and overlooks the city centre to the north. There is a host of amenities within five minutes from the development and transport links are excellent. Bulgaria Boulevard, one of the main arterial routes to the city, is adjacent to the site and the Sofia Ring Road is just five minutes away. It is a 10-minute car journey from the development to the city centre. Tram and bus routes are all within a-five minute walk from the development.

Winslow Gardens does not complete until April 2010, giving investors a lead time of 28 months and the potential to benefit from huge capital growth. We estimate the Sofia market is 9–12 months behind that of Bucharest. If we follow the trend of house-price growth seen in the Bucharest market, we can expect the Sofia market to see substantial house-price growth in 2008.

Current capital growth in Sofia is averaging 15% a year. However, we forecast this rate will rise 20–25% as the market takes off.

The design of the development is something very special. Almost half of the development site is allocated to green areas and there will also be a host of facilities on site, such as a spa, fitness centre, supermarket, restaurant and pharmacy. The excellent design and extremely functional and comprehensive planning of this development guarantee its high long-term appeal on the local property market, both as a desirable purchase and rental property.

Boasting one of the most desirable locations in Sofia, along with a fantastic design, we expect Winslow Gardens to prove very popular with young professionals and families who work in the city, yet want to experience modern living in a peaceful environment.

Winslow Gardens has a superb location in Manastirski Livadi, one of the more affluent parts of the city. Standing on the development site, you have uninterrupted views of Vitosha Mountain to the south and views of the city to the north. It has excellent road, tram and bus links to the city. Adjacent to Bulgaria Boulevard, the main arterial route into the city centre, Winslow Gardens is just a few minutes’ drive from the ring road in Sofia.

The payment terms for Winslow Gardens are 20% on exchange 60% on Act 14 (completion to the roof) and 20% on completion. This is much better than payment terms for the local market which are normally in four stage payments. Bulgarian Homeloans are currently able to arrange mortgages at Act 14 stage of a development. As competition in the mortgage market in Bulgaria increases, we expect additional brokers and banks to start offering finance at this stage of the development.

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• Bulgaria Property Market Profile
• Sofia Investment Decision Maker

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