A new town, with expected population of over 25 000 people, will be built within the next two years. The town will be named after its investor. The town will be constructed in the region of the Black Sea Popski bay, famous for its clear beaches. The region is part of Tsarevo municipality. According to the investors' plans the villas and hotels in the town will host over 25 000 tourists during the summer season. Tsarevo mayor Petko Arnaudov said that the most luxurious part of the town would be the Crocodile Shores complex. The new town will include several such complexes united by a modern infrastructure. The town's plan provides for many villas, a five star hotel, 12 pools and two night clubs. The complex will also offer a casino, a trade centre, tennis courts, a bank, a hospital and a kindergarten. Parking lots and streets will be underground, the main means of transport being golf cars. Apartments are already on sale even before the beginning of the construction work. A square metre sells for 1 300 euro. Building starts at the beginning of June and the complex will probably be ready by summer 2008. The execution of the project will cost nearly 110 million euro. Arnaudov said that Crocodile Shores would become the southern seaside's chief attraction. The construction plans affected real estate prices in the region. The prices for properties will continue to rise as well as the return from real estate investments. Tsarevo is situated seventy-two km south of Bourgas and located on two small peninsulas around a scenic inlet. The seaside resort of Tsarevo is among the high demand regions. There are 16 beaches along the coastline of the municipality, with a total length of 9,184 m, and the municipal center – the town of Tsarevo – is situated at three bays. The first and the largest port to the south of Bourgas is located in Tsarevo. Its main advantage is its proximity to the Bosfore outlet, and its waters are the cleanest of all areas along the entire coastline. The unique combination of seaside, mountains, rivers, exotic vegetation and diversity of animal and plant species, along with the traditions and the authentic culture and customs of Strandja, provide endless opportunities for development of tourism in Tsarevo region– educational, ecological, yacht-tourism, photo and hobby tourism, hunting tourism, etc. The interest in real estates in Tsarevo is great. The region is very beautiful and with high return of property investments. It is very advantageous to buy properties in the municipality of Tsarevo, because of the great location and the well-developed infrastructure, economy and culture.