News

Spanish co Catalonia invests in Pamporovo area apartment resort

The company, which initially planned to develop a residential scheme in Sofia but was put off by steep land prices, said it chose ski resort Pamporovo for the location of its Vistas resort complex due to the smooth interaction with the local authorities in Smolian, the municipality that has jurisdiction over the area.

Three years ago, Catalonia Real Estate bought 1 ha of land in Pamporovo at 35 euro/sq m and then added 1.5 ha to the site.

Vistas will be located in the area of the village of Levochevo which is itself is situated 6 km from Smolian and 4 km from Pamporovo.

The complex, due for completion in 2008, comprises six apartment buildings with approximately 30 housing units each.

Prices will range from 900 to 1,200 euro/sq m.

The leisure amenities of the property will include swimming pool, gym, sauna and steam bath.

In addition to skiing, the area also offers opportunities for mountain-biking and horse-backing riding.(Dnevnik)