Bulgaria Bansko Ski Resort
Property
Bulgaria Ski Resort Property – The Low-down to Purchasing Bulgarian
Ski
Property
Bulgaria
has some of the best skiing in Europe and, as such, the ski resorts
are attracting foreign investors at an impressive rate. Bansko and
Bovoret are the two main ski resorts in Bulgaria; Bansko being the
largest and most famous of the resorts. Between 2001 and 2004, the
Bulgarian government has invested over 100 million Euros in the
resort, with extra ski facilities such as an extra ski lift and
improved transport links.
In 2005,
Bulgarian ski resorts saw an increase of 36 percent in the number of
UK visitors, meaning that rental potential in the area is ever
increasing.
An important
issue that many foreign investors do not necessarily realise is
that, within Bulgaria, there are two distinct tourist markets, the
costal resorts and the mountain resorts. Coastal resorts are
certainly booming, currently, with literally hundreds of off-plan
investment opportunities. Savvy investors will also be considering
the mountain resorts. Coastal resorts actually freeze during the
winter and are effectively shut for business. This means that the
rental season is relatively short, at 20 weeks or so. Mountain
resorts have year round appeal, skiing in the winter and hiking in
the summer. Weekly rental may not be as high, but when the year
round appeal is taken into account; the overall returns may be
greater.
Bulgaria
does have a wide range of ski resorts to suit every type of skier,
so before diving in, consider the various options that this
mountainous country has to offer.
Bansko
As
previously mentioned, Bansko remains one of the largest and most
popular resorts in Bulgaria. The season is particularly long in
Bansko, starting before Christmas and not ending until mid May. New
hotel and apartment blocks are springing up all over Bansko, with
prices starting at around the 50,000 Euros for a managed apartment.
In terms
of location, Bansko is on the River Glazane, at the north eastern
end of Pirin. Sofia is the nearest airport, although this is over
170 kilometres away. Most of the large ski companies offer transport
links so the distance is not much of an issue. In total, there are
approximately 65 kilometres of marked pistes for skiers of all
levels, including many ski schools for adults and children alike.
For the more adventurous, there are also slalom runs and cross
country courses that run for more than 5 kilometres.
Borovets
Borovets,
although now largely overshadowed by the rapidly growing Bankso, is
actually the largest ski resort, in Bulgaria. Borovets is situated
on the slopes of Mount Musala, in the Rila Mountains. The nearest
town is Samokov which is only 12 kilometres away. Sofia is the
nearest airport, at 72 kilometres away, with plenty of companies
offering cheap or free transfers. Borovets, like Bankso, has a
wonderful climate and a long skiing season. Prices here are slightly
higher than in the other resorts, largely due to its favourable
location and modern facilities. Expect to pay from around 45,000
Euros for a modern apartment, although as the resort is older than
many of the others ski areas in Bulgaria, there is also a wide range
of larger family homes available with a huge variety of prices. Many
of these properties are in need of renovation, so picking up a
bargain is a real possibility, in this area.
Pamporovo
One of the
more modern ski resorts in Bulgaria, Pamporovo is located in the
central Rhodopi Mountains. As well as being the most southern resort
in Bulgaria, it is also the most southern ski resort, in Europe.
Those after nearly guaranteed sun should head to this wonderful
resort, as it is renowned for having excellent snow and a sunny
climate with around 120 days of sun in every ski season. The season
starts in mid December and ends in mid April. Sofia is more than 240
kilometres away, but Plovdiv is only 85 kilometres away. Prices for
a one bed apartment start from as little as 36,000 Euros.
Other Resorts
There are,
of course, other smaller resorts in Bulgaria, all of which have
their own charm, although not attracting the large volumes of
tourists. These include, Semkovo, Malyovitsa, Govedartsi,
Dobrinishte, Chepelare and Uzana.
Ski resorts
are a popular choice for those buying property in Bulgaria, due to
their year round rental potential and the increasing popularity of
these resorts. Anyone investing in Bulgaria would be very wise to
take a close look at the ski resorts because, arguably, this is
where the largest amount of capital growth is expected in the
foreseeable future.
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