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White Flower White Flower is another excellent Sofia property investment opportunity brought to you by The Right Move Abroad and the Festa Development Group. This nine floor, large residential complex of 132 apartments is situated between Studenska (the university region) and Vitosha at the inter-section of two main boulevards in the city. It is also near to one of the main embassy regions of Sofia, opposite one of the cities largest park areas. Most apartments boast fantastic views of the Vitosha mountain with its night skiing and silver-crested peaks. Location Why Sofia?
• The economy of Sofia is booming with unemployment at just 3%.
• The Sofia economy is growing faster than anywhere else in Bulgaria.
• The population has doubled in the last couple of years.
• EU membership of Bulgaria has brought an influx of diplomatic staff and multinational companies to the city.
• High quality property in up-market Sofia is in limited supply. Facilities And Maintenance The maintenance of the development is set at €14.40 per sqm. per year. Payment Terms The Right Move Abroad have a refundable reservation fee policy which enables you to hold an apartment for up to 30 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first instalment. We will accept verbal reservations which are valid for 72 hours.
The refundable reservation fee is €3,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first instalment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable. Should you wish to cancel your reservation within 30 days, we will only retain 10% of your reservation fee as an administration charge.
FIRST INSTALMENT - 40% upon signing the Preliminary Contract of Sale within 30 days of making your reservation.
FINAL INSTALMENT - 60% upon issue of Act 16 (completion) and signing the notary deed. Property Management Due to the large number of established and successful property management companies in Sofia, an on-site property management company is no necessary. You will have a choice of a large number of companies to work with in order to rent out your property. Our Sofia office can assist you with this.
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