Property interest in Bulgarian ski resorts grows 40% in four months

SkiPressWorld.com, 2006-02-27

     England (Ski Press) British investors are reportedly snapping up properties in Bulgarian ski areas at an increasing rapid rate as the country spends on its ski slopes, moves closer to EC membership, bids to host the 2014 Winter Olympics and remains cheap with large future profits predicted for buyers.
     Rapidly expanding Bansko which combines a UNESACO World Heritage village with some impressive new lifts and longer established, but currently upgrading, Borovets offer, “affordable property and good long-term growth potential,” according to property investment firm Assetz. A one-bedroom apartment costs from Euros 40,000 (?27,000). Thirty-six per cent more UK holidaymakers visited Bulgaria in 2005, leading to an influx of travel companies many of which are offering guaranteed rental schemes similar to those in France. However, they are not yet well established and Assetz advises property investors to research the history and reputation of the companies involved.

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