Bulgarian Ski Resort Property Boom
Bulgaria has enjoyed a thriving ski tourist industry for over twenty years at the first class ski resorts of Bansko, Pamporovo and Borovets and the country is now ploughing considerable investment into further developing these already popular destinations.
The Bulgarian Government is aware that they can seriously boost their economy with the further development and establishment of first class ski resorts - and those interested in property investment know that a booming property market will go hand in hand with the increase in investment.
Recent research carried out by www.lemontreevillas.com shows that since the end 2003 Bulgarian property prices have increased on average by 20% each year. Within the past six months property demand and prices in these resorts has rocketed. According to Mark Schubert of lemontreevillas.com "enquiries on our web site about Bulgarian property have grown by over 250% since the start of 2006 and they are beginning to overtake enquiries about Spanish property".
As the popularity of Bulgaria as a tourist hot spot continues to grow, so too does the holiday rental market, making investment there an increasingly attractive proposition. Those interested in purchasing property in Bulgaria have the possibility of being able to rent out a second home for income generation. However, although rental income is a consideration, the greatest returns from any investment right now will come from the expected increase in the value of property as Bulgaria is now comparable to Spain some 20 or 30 years ago.
The Bulgarian Government is aware that they can seriously boost their economy with the further development and establishment of first class ski resorts - and those interested in property investment know that a booming property market will go hand in hand with the increase in investment.
Recent research carried out by www.lemontreevillas.com shows that since the end 2003 Bulgarian property prices have increased on average by 20% each year. Within the past six months property demand and prices in these resorts has rocketed. According to Mark Schubert of lemontreevillas.com "enquiries on our web site about Bulgarian property have grown by over 250% since the start of 2006 and they are beginning to overtake enquiries about Spanish property".
As the popularity of Bulgaria as a tourist hot spot continues to grow, so too does the holiday rental market, making investment there an increasingly attractive proposition. Those interested in purchasing property in Bulgaria have the possibility of being able to rent out a second home for income generation. However, although rental income is a consideration, the greatest returns from any investment right now will come from the expected increase in the value of property as Bulgaria is now comparable to Spain some 20 or 30 years ago.
posted by Unknown | 12:48 AM
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