I believe this maybe ‘The New Inn’. If so it suffers (and will for some considerable time) from no proper access roads. Cables were being laid in this area to supply electricity, although it seemed to me no substations had been as yet built.

Yes it is, and that is Old Inn next to it. Nothing like the artists drawings. Still looking like a prison block from the front. Its interesting how quick the Old Inn was thrown up. That started about a year after New Inn as far as I know but it looks finished as well.

I received the following e-mail from Lakon today in response to my request for an update. Dear Mrs. Gardiner, The New Inn complex is absolutely finished now. We are preparing the building for the coming ski season. We are acting for the protocol 16 to be issued for the beginning of the season as well. But even without it The New Inn will meet his first quest in December. Please mind that the rental company is gathering the available for rent apartments. They need to know how many apartments they can use. We should think of a way for your apartment. I mean that most probably you will want to use it for this season. But it still will be our property before the official transfer with the notary in Bansko. Please inform me what your intentions are. I want to know because we can’t give you the apartment to live there or to rent it out before the transfer. In the same time I don’t have the right to want the money for the last installment from you till December 2007. That means that I need to hear from you what you want more – to delay the payment and loose some of the season or it is more important for you to have the apartment prepared for you just for the season. I need to inform you that the process with the transfer of the apartment may take a month, which may become a problem for you. Also you need to know that I am not allowed to start the process before having the funds in our bank account. Please advise me what to do ASAP. Regards, Teodor I want you to know that we still need your final installment. If you want you or somebody else to use your apartment we need the money, but there is another requirement as well. We need to transfer the apartment on your name with the notary. This will take a lot of time. At least one month. I hope you fully understand the situation. But for the start of the procedure with transferring the apartment we need the final installment. I wonder how they will receive guests if there is no access road. Jennie

New Inn
Jennie - when you reply to him just ask him where they have advertised and where all these rentals bookings are coming from. I have an apartment in Sunny Beach rented out on a contract with Balkan Holidays and My Travel and the bookings are hardly producing a 2% return, so it's not worth the bother. In addition, if you pay now the pound has just hit a 14 month low against the euro, so those of us who have not yet bought our euros are loosing out again if we exchange currency now!!!!

Hi Jennie I have many pictures sent to me from the Technical Inspection. I can Email them to you if you like. I just need your Email Address. regards matt your neighbour.

Hi Matt I would love to see the photos too if you could please pm them to me. I am holding onto final instalment! And after seeing this I am glad I am!

New Inn
Apparantly they are now building a shopping mall! See: http://www.sofiaecho.com/article/bulgarias-bansko-expands-shops-and-goes-wireless/id_25049/catid_69?bulletinstat=1 Hope they have enough electricity! Does anyone who knows the area know how close this will be to the New Inn?

New Inn
Thanks Hank - so where is it in relation to the New Inn??

It’s some considerable way from ‘The New Inn’. The distance is approx, your distance to the gondola plus 150/200 mtrs.......that’ll be about 250/300 mtrs in Bulgarian terms. :wink:

I'm in Bansko at the moment. Just signed at the notary today for New Inn. Condition of apartments fine (although 35sq/m is a lot smaller than I thought!), so I wouldn't waste money on a technical inspection - a snag would do. Apart from that feeling pretty gloomy about it! Old Inn is stuck right next to New Inn so they look virtually like the same building. Not blocking any views but now looks like one huge plain white hotel which isn't that aesthetic to the eye. Still a hell of a lot of work to be done as its a building site around building (no landscaping), still some minor work going on inside, no proper access road. They reckon (not 100 per cent) it will be ready for November, but there is no way a tour agency would have it on their books as you could injure yourself walking around outside. I was given the maintenance and management contract as well which (luckily) I didn't sign while I was there as my solicitor said they would want to see it. They now want 12 euros per sq/m instead of 7 (thats for maintenance), and 245 euros plus 300 per year deposit for management. This includes payment for all bills (assuming the 300 covers it). In all I worked out that is about 1000 euros a year for my studio so more if you have bigger. I'm certainly not happy to be paying for that at the moment given there is little prospect of renting it out until Jan 2009 so no hope of recouping it in rentals. Also, as has been said a million times here, the amount of new apartment blocks is phenomenal so its difficult to see good prospects for rent or sale unless it does become a hugely successful resort in the future. Certainly if all these apartments were full there would be a hell of a queue for the gondola! When I came 2 years ago it was a big field in front of New Inn toward gondola but now loads of completed apartments. Begs the question of what the builders have been doing as all these other places have sprung up and New Inn had started earlier but still is not complete! Sorry, that is doom and gloom - maybe I am being a bit pessimistic - may feel better tomorrow!

new inn
heres hoping!! keep us updated, hopefully you'll be a bit more optimistic tomorrow!! cheers

New Inn
Flatlander - the purchase contract clearly states - Section 4.9 - that "For the first 2 years after the Complex shall be in use counted as the day of the Permit for use (which must mean Art 16) the maintenance and management fee shall be at the amount of euro 7 per sq m." That's maintenance and management at 7 euros so tell the robbing b******s where to stick there 12 euros and 245 euros!!!

In all honesty: I am charging 7 EUR per sq.m. in Pirin Lodge which is the lowest you can get in Bansko. I calculated and offered this price two years ago when labour cost was one third of what it is now. I cannot make ends meet at 7 EUR if I want to provide quality. So I am subsidising it with potential profits from the building side. But this is for two years only. After that prices may jump. But the owners may well choose a cheaper management company than mine then (if they can find one) :D What do you guys expect?! 7 Euro per square meter per year? You have a 100 sq.m. apartment. And you pay 700 EUR a year (59 Euro a month) or 41 GBP per month for: 24 hour receptions services like in a hotel, security, maintenance of the building and exterior and the common parts, use of sauna, jacuzzi etc. Where else can you get this at such a cheap price?! Do you have these services at home? NO! You could not afford them, most likely! But here you want to appear like the big shots :lol: Become realistic! What can you expect if you do not want to pay?