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Bulgarian ski resorts attract property investors

The Times has pointed out that low property prices and inexpensive ski passes mean an investment in a resort such as Bansko can be extremely lucrative, with thousands of ski and snowboard enthusiasts choosing Bulgaria ahead of more familiar countries such as France, Austria and Switzerland.

The ski season in the Bulgarian mountain ranges can last from mid-December to early April meaning that investors can be guaranteed returns on property for a good third of the year. With many choosing to exploit rising house prices, investors are also making considerable gains by selling on properties while others are waiting for an anticipated boom in the aftermath of EU accession in 2007 or 2008.

With construction regulations currently affecting property investment in the Black Sea region, ski resorts have certainly proved a popular option with UK investors and the prospect of the Winter Olympics coming to Bulgaria in 2014 has only added to popular awareness of Bulgaria as a leading country for winter sports.

Opportunities for commercial property investment have also become more available as the likes of Bansko and Borovets become increasingly popular as tourist resorts, while off-plan and residential property investments continue to offer potentially lucrative yields.