Wednesday, May 23rd, 2007
Bulgarian company to build holiday home village in Ribaritsa
Construction and investment company Tenbul said it will invest 1 mln euro in a gated holiday home complex in Ribaritsa, a mountain village in North-western Bulgaria. The 5,250 sq m Kostina vacation community will comprise 13 two-storey villas with floor area ranging from 140 to 190 sq m.
Villa owners will be able to rent out their property when they are not using it. The complex will offer year-round property management services. The first villas to be completed will sell at a promotional price starting from 950 euro/sq m, said Tenbul manager Marin Kadiiski.
The pristine Ribaritsa, located at an altitude of 600 m beneath the Vejen peak in the Balkan Range, is fairly popular among holiday property developers and second home buyers. Realtors said upscale properties sell at 1,000-1,200 euro/sq m.
Dnevnik Daily
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