Ski Apartment In Bulgaria - Cash Winner
A two bedroom apartment in the ski report of Bansko, Bulgaria is the prize in this property contest. Tickets aren't cheap at £40 each but the number of tickets is limited to just 2000. The competition is being hosted on Raffall.
Winner: Stephen Gregory
Launched: 25th February 2021 Closed: 3rd December 2021
Location: Bansko, Bulgaria,
House Value: £35000 (2 Bedrooms)
Ticket Price: £40.00 (Free Entry - See 5.6 in Terms)
Tickets Sold: 528 Revenue: £21120 (Estimated)
Cash Alternative: 75% of ticket sales
As far as we know this is the first property in Bulgaria that has been put up for raffle (since at least 2017). Declan Phelan is offering entrants the chance to win his two bedroom apartment located in the ski resort of Bansko. We don't know the value of this particular property but according to Bulgarian Properties prices vary from around 24,000 Euros upwards. We understand from the images on the competition page that the apartment is close to the Regnum Bansko Hotel & Spa. For this review we have estimated the valuation.
About The Property
The owner gives quite a detailed description of the property and it's location. The basics are that the apartment has "two bedrooms, two bathrooms, a fitted kitchen, dining/living area and a large hallway". It comes fully furnished and there's also a large balcony with an outdoor seating area. According to the owner residents of the apartment can use the nearby hotel pool and spa facilities for a fee. Ski slopes are naturally close by! In terms of travel the nearest airports are Thessaloniki, Sofia and Plovdiv Airports - Sofia is 150km away from the apartment. All solicitors/ public notary fees and local taxes will be paid and management fees for the apartment will be paid up to the raffle date.
How To Enter The Competition
To enter the raffle you need to be registered with Raffall. This can be done via Facebook or email login. Once at the house raffle page it's a case of answering a question and purchasing tickets. The question pops up in a window which we found disappeared very quickly. Tickets cost £40 each and there's no limit to the number you can purchase. You can purchase online using debit cards. As far as we're aware there are no donations being made to good causes.
2000 Ticket Sales
The promoter hopes to sell 2000 tickets (total revenue £80,000) by the start of December 2021 in order to conclude the draw. If insufficient tickets are sold then the winners will receive a share of the compensation amounting to 75% of all ticket sales. All compensation payments are guaranteed and paid directly by Raffall Limited. This is a little bit different to house competitions run by individuals and should offer more assurance to entrants.
If you love skiing or fancy a bit of the ski apartment rental market in Bulgaria then you need to decide whether £40 is worth a punt? In our view it'd be nice to know how ticket sales are going before committing because the competition has been running since the end of February. However as is typical with Raffall this is one of the raffles that doesn't seem to be featured or easy to find on on the site. A competition with just 2000 tickets is attractive but the ticket price is hefty. However as we've seen from Ireland property competitions these can work better than the UK competitions that require 100,000s of tickets at £2 or £5.
Disclaimer: Details shown above were correct at time of writing and are provided for information purposes only. Images are used under fair use policy. Map location is approximated by Google based on postcode/location info. Any links provided are not an endorsement from Loquax. In some cases Loquax may earn a referral fee from sales this does not effect our review. We strongly advise all visitors do due diligence on each contest before deciding to enter. Terms and conditions apply. Begambleaware.org.
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