A Tsar in the making

Tsars and Russian royalty have been enchanted by the Black Sea for decades, seduced by its stunning coastline and rugged mountain ranges. A melting pot of cultures, the Crimea has been by turns an annexe to imperialist Russia, a key chess piece in the Byzantine Empire and the end of the Great Silk Road.

Today, its charms are a well-guarded secret but with the construction of the first major, self-contained holiday resort, the Crimea is also a wonderful destination for a short break and an attractive market for overseas property investors.

Populated by wealthy Ukrainian, Russian and Polish tourists as well as an influx of holidaymakers from the CIS states, the Crimea is a prestigious destination for eastern Europeans enjoying their newfound wealth, a legacy of rising energy prices, strong economic growth and low tax.

Overseas property specialists David Stanley Redfern Ltd is one of the first developers to introduce apartments coupled with extensive leisure facilities and property management services. Releasing is offered at competitive prices placed below the local average. An expensive destination, accommodation prices in Crimea typically exceed other markets in the region such as Bulgaria.

Designed as a self-contained resort, apartment prices start at €45,000. Property in the resort will be offered to the Western market, before release to Eastern ones, at lower price. This is an exceptional advantage rarely available in other markets.

Anticipated for release in the first quarter of 2008, investors can pre-register their interest at www.davidstanleyredfern.com/Ukraine-Coastal_Ukraine.aspx