property investors looking to buy property low and sell
property high. When examing the Bulgarian housing boom it
is clear that much of it is lead by Bulgarian Ski resorts.
But with rental income only available in the winter months
is this a good place to invest in Bulgarian property?
Bulgaria has some of the largest mountains in Eastern
Europe, good snow and excellent vertical, Bulgaria has
become a destination for skiers in recent years. For those
overseas property buyers interested in ski resort
residences, either for personal use or to use as rental
property, Bulgaria continues to offer very good value and
appreciation.
The three most popular resorts in Bulgaria for skiing are
Bansk, Borovets and Pamporovo. Bankso is the newest and
most rapidly growing resort in the country. It is being
developed with an eye as a year-round resort and has golf
courses and other summer activities. It has 1630 meters of
vertical, putting it on par with some of Europe's best ski
areas. There are many off-plan apartments and villas in
Bankso available for those looking to purchase, and its
year-round season makes it a great place for overseas
investors.
Borovets is the oldest ski resort in Bulgaria and is also
the closest to Sofia, the capital and largest city, just
72 km away. The ski area is the main attraction, with 1230
meters of vertical, a gondola lift and excellent
facilities, but the whole area is undergoing a huge
development. The Super Borovets Project is aimed at
regenerating the whole region. This project will improve
the infrastructure and the housing in the area.
Pamporova is the smallest ski resort of the three majors,
and is also the farthest away from Sofia. It is serviced
by its own regional airport, though, in Plovdiv, 85 km
away. Pamporova is the least developed of these resorts,
and offers the lowest prices for those looking to
purchase.
Property values in the ski resorts have appreciated at
considerable levels in recent years, and are expected to
continue to do so as Bulgaria gains entry into the EU. As
more and more Europeans and Britons discover the
accessibility and low cost of Bulgaria, prices are
expected to rise in the 10-15% range annually.
Looking at the evidence it is clear that predicted capital
appreciation plus the fact that many of the Bulgarian ski
resorts are summer hoilday destinations makes investing in
Bulgarian Ski property seemingly a sound move.
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Nicholas Marr is a lifetime property investor and CEO of
Marr International Ltd a UK based property marketing
company that is responsible for one of the worlds leading
overseas property web sites at www.homesgofast.com . More
information re Property in Bulgaria is at
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