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Apartment in Sozopol
In 2010 we were asked to try and find an apartment in a new complex in the Budjuka region of new Sozopol. Unfortunately the owner did not have any proper address or directions and so we never managed to locate the apartment. A year later through correspondence with the original developer, the lawyer who had dealt with the purchase and the local municipality, we managed to find the apartment block and were rather shocked by what we found - it was desserted, not properly finished and the pool was green and had a dead seagull floating in it. The owner was understandably very distressed and upset about the state of the apartment, even more so when it turned out the key we had been given no longer fitted the lock and it appeared someone else had been living without permission in the apartment. The owner just wanted to sell and get back something from the purchase after 4 years of hassle, stress and legal fees, but we still needed to gain access to the apartment. After further negotiations we made contact with one of the family members who had originally owned the land and who had entered into the agreement with the developer for the complex. The family still owned a 50% share and now that the developer had basically disappeared they were going to attempt to finish the complex and manage it. It turned out that the family owned one of the blocks and in the other there were 12 apartments sold to foreigners. We arranged a meeting and went again to Sozopol. Some improvements had already been made. The building rubbish had been taken away, the pool had been cleaned and the garden area tidied. We were given the correct key for the apartment and told that the locks had been changed to keep the builder/manager out who had been staying there for a while. We spent a couple of hours cleaning the apartment of rubbish left by this guy.
The owner was still desperate to sell and have nothing further to do with Bulgaria but the apartment complex was a risky investment. There was still various building work to be done, there was an issue with planning and the front fencing needed moving, the apartment was part basement level and so there were concerns about flooding if there was ever heavy rain or snow and as it stood there was no Act 16 (giving legal right to live there although many developments in Bulgaria lack this final piece of paper) and no management. The family who part owned the plot were looking to sort various problems but they of course wanted further money from the apartment owners to do this. However, as the lady was prepared to sell at a good price just to be shot, we decided it was worth the risk and are currently just waiting for the final completion on this purchase. The apartment is around 45sqm with one bedroom, small shower room and a kitchen/living area and an outside terrace, under a large retaining wall. But IF and when the bits of building work are done, the gardens sorted and management resolved, it could be a lovely little complex right on the beach.
We hope to do bits and pieces on the apartment next summer (it needs repairs to the kitchen, has a small area of damp etc) amd wait and see what transpires with the management of the complex. We will then look to either sell the apartment on or may rent it out either short or long term.
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It is literally a minute walk across
waste land (maybe built on in future??) to the beach and sea.