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Until recently Bulgaria’s ski resort of Bansko was almost entirely Bulgarian but now the resort is attracting increasing number of British property seekers, The Independent reported.Foreigners were attracted by the cheap prices and the quality skiing and hiking opportunities the resort offered, The Independent reported.According to the report British owned more than half of the houses and apartments in Bansko.
 

Just over 3 years ago, Bansko, Bulgaria was a relatively unknown provincial Bulgarian town of some historical significance, enjoying relative anonymity from the Euro tourists. Popular with Bulgarians and their close neighbours, the Greeks, as a peaceful holiday destination with a long ski season nestled in the UNESCO protected Pirin National Park. The perfect secret Eastern European getaway. Unfortunately, nothing of value remains hidden forever and once word got out of the huge investment and holiday potential, Bansko’s fate was sealed
 

Bulgaria and Romania are set to get the go-ahead to join the European Union on January 1 under the strictest conditions ever applied to new members of the club. Bulgaria will come under the toughest EU scrutiny and faces possible legal and financial sanctions unless it proves it is serious in tackling organized crime and high-level corruption.

World golf legend Gary Player, who visited Bulgaria for a few days, believes that the new Tiger Woods could be a Bulgarian.
“I like Bulgaria very much. The climate suits me best, traditional Bulgarian cuisine is just great and all the people are really nice,” said Player.
 

The Black Sea coastline has long been a favourite place for people to take their holidays and as the countries bordering the Black Sea open up to western ideas, so ambitions are beginning to grow. There is word from Bulgaria that the city of Kavarna is planning to invest in a Formula 1 standard racing circuit to help boost tourism in its region. Tourist numbers in the region are still low and the majority of them are still Bulgarians but Kavarna has ambition to be Bulgaria's version of Monte Carlo.

On August 24, an international real estate compamy published the first market overview of the Bulgarian holiday homes market. The report documents significant developments in recent years in both mountain and coastal resort areas.The holiday homes market in Bulgaria experienced significant development in the past year in these areas.Demand for holiday homes in the country has taken off in recent years. The upcoming EU accession, the growth of the tourism industry, and the comparatively low prices are among the main factors driving demand.

“The size of the complex is tremendous. These are a few buildings with total living area over 126 decares.The high ones are situated in a ring around the two-storied mall”
 

German discount retailer Kaufland will inaugurate this week an outlet in Varna, on the Black Sea, the company's 5th store launch in less than 2 months.
The 8 mln euro hypermarket is located in an area that will soon accommodate the city's first Western-style shopping center, Mall Varna.

Sofia - Bulgaria has all that tourists may crave - seacoast, ski slopes, old cities and villages, palaces, museums and abundant history - but it has no roads to take them places with reasonable speed and comfort.
'Driving through Bulgaria is very difficult,' says Nikolaj, 55, who recently travelled across the country north-to-south, from Veliko Tarnovo to the spa Velingrad.
The 400-kilometre trip took him through mountains, which range across the entire country east-to-west. With no tunnels to straighten and flatten the course, it takes hours of crawling behind trucks before the three passes and bottlenecks are cleared.

No major spike in property prices is expected after Bulgaria joins the EU on January 1, 2007, said members of the managing board of Bulgaria’s National Real Estate Association.
The price growth for 2007 is seen at 20%, slowing to 15% the year after.
The nation’s EU admission is expected to boost mainly the value of office properties.
On the residential segment, only upscale properties in prime locations will retain pricing momentum.