Tue11132018

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Investing in Lovech - Property Hotspots

Real life experience of Lovech

"I arrived in the town and my first restaurant lunch consisted of a wonderful moussaka with the most beautifully prepared and tasty shepherds salad and a cold glass of white wine on the side: absolutely wonderful. And when the bill arrived to my amazement the cost was less than 6 leva. I was about to call the waiter back as I thought that he had made a mistake, when my partner informed me that the price was quite right - what a bonus !

The history of the town ,the wonderful landscape and natural surroundings ,the fresh air and the resort villages in the area are real advantages.

The healthcare system is well developed and there are three medical centres. Transport is good with road, rail and buses.

I think that the biggest disadvantage of the area is the current low number of foreign investors although this has not to be said that this has not pushed prices high, but this is rapidly changing".

 

Hotspots for investment within Lovech

In the town of Lovech the hotspot area is the quarter of 'Varosha' which is the oldest historical part of the town.

This is full of 18th and 19th century houses, most of them two-storey, with the ground floor typically of stone, and the upper floor made of decorative wooden constructions.

The yards are generally surrounded by high stone walls rich with ivy and geranium, lilac and roses.

This is where the famous Covered Bridge with shops in it is located (see photo above), the Castle walls (lit up at night) and the town museum looking out over the River Ossym ,the rocks and the mountain views beyond.

 

Hotposts in the Immediate Surrounds

Apart from the town of Lovech itself, rural hotspots good for property investment and much sought after are Chiflik, Shipkovo, Devetaki, Krushuna and Presiaka villages also Slivek village which is a lovely villa zone.

 

Hostpots further afield

Ribaritsa
One of the most picturesque villages in the region. Numerous little country houses and villas.

Apriltsi
Apriltsi is a small town with about 5,000 inhabitants. Not an old town, but rich history and incredible nature.

Stefanovo
20 kms south-east from Lovech is the village of Staro Stefanovo Architectural Reserve with over 100 monuments of culture (listed buildings) from the beginning and the middle of the 19th century. Preserved as an entire ethnographical complex.

 

What about future property prices and growth?

Increases are expected to become the norm in Lovech as more people discover this lovely lost idyll with its fast access to Sofia Airport and its infrastructure.

The future of Lovech appears secure, with historical and architectural interest, wonderful natural resources and huge business investment as well as culture and tourism.

It is also within quite easy reach of an international airport and is an area sought after with local Bulgarians. The path is clear for this much undiscovered gem of a town.