Russians are currently the major buyers of apartments in the villa zone “Santa Marina” near Bulgaria’s Sozopol, announced the company-investor “Fairplay Properties” ADSIC. During the first half of the year, the union with special investment goal (ADSIC) has signed preliminary sale contracts worth 13,8 million leva, 10,6 million leva of which came from the period between April and June. Just within June, the signed contracts were worth 6 million leva.

“The growth is due to our success in the Russian market”, stated Maneu Moravenov, chief executive of the union. The profits and income of “Fairplay properties” for the first half of the year, however, suffered. The income from sales is 11,67 million leva, which is 36% less on a yearly basis, and the profit is 1,4 million leva, which is 67% less in comparison to the same period of 2008.

According to Moravenov, the sales of apartments that are still under construction guarantee stable income for the next few years. Until the end of this year, the company expects another 6,6 million leva profits from sales of contracts that are not yet concluded. The prognosis for the upcoming periods is for 4,6 million leva income from sales.

“Fairplay properties” also noted that in late June, “Santa Marina” won the award for the “Best seaside project” of the international competition “Best project 2009″, organized by the company “Euro design” EOOD and “Corporation BEST” as part of the Year of Bulgaria in Russia.