For the new season visitors to Borovets ski resort will be transported by a new escalator to the main gondola lift of the ski resort. The escalator cost 200,000 euro and is 190 m long, the longest in Europe and the second longest in the world. The other innovation is a new ski-kindergarten in Borovets ski resort. It is equipped with two escalators for children and a lot of rubber toys for ski classes. The ski kindergarten project is worth 150,000 euro. Specially trained ski instructors will teach children to ski from 10 AM to 4 PM each day.
Source: Standart News
Early investors bought property in Bulgaria well before news was received that Bulgaria would join the EU; so now that Bulgaria’s EU entry date has been confirmed for January 2007 have these speculators gobbled up all of the gains possible and bought the best returning property in Bulgaria? Many would have you believe that this is the case but Bulgaria property investment experts Amberlamb reveal another side to the story – namely that it is still possible to profit, and profit well, from property in Bulgaria.
At which point did property in Bulgaria as an asset class shift in many people’s opinion from being the absolute must have investment commodity to being an over-hyped asset likely to be left standing empty, unable to be let out or resold? Is the change in attitude towards property in Bulgaria accurate? And what’s more – why should we care? Read more…
Bulgaria will join the European Union on Jan 1, 2007, and is on the verge of becoming the Riviera on the Balkans. The improved economic conditions, political and social stability in Bulgaria over the last 3 years have culminated in a real boom for Bulgarian properties. Other important factors for the rising Bulgarian properties market is the huge tourism potential in the country. Incredibly, Bulgaria is now the third most popular holiday destination after Spain and France for British holidaymakers.Together with the constantly rising prices, buying Bulgarian properties is one of the best investments that one can make these days with prices likely to increase with EU membership, as well as been a great retirement home. Moreover Bulgaria has one of the most liberal investment laws in the region. Last year Bulgarian properties rose by about 35 per cent, and in the lead-up to EU accession in 2007 annual property price rises are predicted. The increase in foreign investment is set to continue because of Bulgaria’s expected EU membership perspective and the constantly expanding tourist industry.
Source: GoWealthy.com
Bookings for Bulgarian properties in Bulgaria’s best winter resorts are already unavailable for New Year, local tour operators informed. There is no bedspace vacant in Bansko, Pamporovo, Borovets, Hissar or Sandanski two months ahead of Christmas, they said as quoted by Standard Daily. It seems that Bulgarian properties inthe spa pearl of Sandanski will speak out Greek on New Year Eve, as the majority of bookings have been made by citizens of the southern neighbour, reports said. Unlikely, many Bulgarians will prefer to leave for an exotic destination, such as Tunisia and Egypt, to chin-chin their first EU-membership year, the newspaper pointed out.
New opportunties in the market for vacation property in Bulgaria were to be expected, agents said during the Southeast European economic forum that began on October 31. Demand for vacation property in Bulgaria, especially in the central parts of the country was going to increase, mediapool.bg reported. The demand would be highest in villages known for spa treatment opportunities. Hisarya, Velingrad and Sandanski could soon become new vacation property hotspots, mediapool.bg reported. The State Agency for Tourism (SAT) was going to aid developments increasing the popularity of Bulgaria’s alternative tourism. Bulgaria ranked second after Iceland in the availability of mineral water springs and had to make use of this potential, SAT representatives said. Lack of proper infrastructure in these villages hindered the development of tourism options and the Bulgarian property market, mediapool.bg reported.
Source: Sofia Echo
