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Why Invest In Property in Borovets

The Bulgarian Government has recently announced plans for a major expansion of Borovets that will turn it into a world class mountain resort.

The project is called Super Borovets and it's aim is to expand the current ski resort of Borovets and turn it into an all year round mountain resort. The project has been carefully planned to comply with ecological and strategic objectives and ensure protection for the beautiful forests and surrounding national park. The existing facilities will be improved and vastly expanded. Currently Borovets has 58 km of pistes. This will be extended by 100km creating a huge ski domain. Over 500 million Euros is to be invested and the project has been given a class A investor status by the Bulgarian government.

Super Borovets Plan


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The majority shareholders in the project are Equest Balkan plc (a UK listed investment fund) and the State Fund of Oman. These high profile investors bring with them significant funding and excellent international experience managing large scale investment projects.

No other resort in Bulgaria has so far had such a project or received such extensive investment. As a result, the Super Borovetz project ensures that the Borovets area and Borovets property is a top place to invest in - probably one of the best places in the whole of Bulgaria. Borovets property prices are still relatively low but this area is set to boom in the coming years.

The project was officially launched on 8th October 2007 and is expected to be completely ready by 2012. Over five years Borovets will be turned into a modern ski area with world-class ski slopes and become the premier ski resort in Eastern Europe attracting tourists from all over Europe.

The master plan for the project has already been approved and financing is in place to commence the project. Two new villages will be created under the plans and linked via gondolas to the overall Borovets ski domain. 

Zone I – Lower Borovets
A new tourist village will be created just outside Samokov town. This will be located at 1000m and a new 10km gondola will transport skiers to the Yastrebets and Markudijik ski areas. This area will target tourists who cannot afford to stay in the higher parts of the mountain. Tourist centres and leisure facilities will be created at this level and also an 18-hole golf course.

Zone II – Upper Borovets – VIP Zone   (this is where Chamkoria Chalets is located)
In the areas Shumnatitsa/Bialata Poliana (1400m) and Gvardeiska Poliana/Mecha Glava (1600m) new luxury hotels and ski chalets will be built. In these areas, village and eco tourism will be encouraged. Folklore restaurants, model farms, riverside parks and a horse riding centre are all part of the plans. In the Bialata Poliana area there will be a spectacular 18-hole mountain golf course overlooking the beautiful Rila mountains and a gondola linking the area to the Borovets ski domain. As this area is high in the mountains every effort will be made to ensure the development is eco-friendly and sustainable.
 

Download Investment Report on Borovets

For more information about the project please read the new articles below

Check out our News section for more information about the plans for Super Borovetz.