Bansko Ski Resort Bulgaria

Bulgarian Property a Worthwhile Deal

I have been reading quite a few negative reports in online discussion forums this past few days, mostly surrounding the closure of the piste in Bansko for a day or two last week.

Believe me it is not unusual to read negativity in discussion forums and chat boards, but it is important to remember that visitors to Bansko and the other resorts in Bulgaria are  much more likely to report negative than a positive experience. This is just a fact of human nature.

Anyway, here’s a much more positive article I picked up today

Bulgaria Property Investment Draws Significant Returns

Sitting at the crossroads between Europe and Asia, Bulgaria is increasingly attractive for investors and tourists alike. With a population of 7.5 million, eastern Bulgaria faces the Black Sea and is bordered by Greece and Turkey to the south, Macedonia and Serbia and Montenegro to the west, and Romania to the north. Known for its exquisite ski resorts in Bansko, Borovets, and Pamporovo, Bulgaria also offers sunny beaches on the shores of the Black Sea. The climate and economic conditions of the country make Bulgaria property investment attractive to Europeans and others from around the globe.

Bulgaria property investment is both financially and culturally rewarding. Whether using property in Bulgaria as a second home or as a vacation rental, there’s never been a better time to buy property in Bulgaria.

Chris Robertson is an author of Majon International, one of the worlds MOST popular internet marketing companies on the web. Visit this Real Estate Website and Majon’s Real Estate directory.

I believe that only time will tell just how lucrative the resale market in Bulgaria will actually be. Negativity or positivity aside, no one can fortell the future, so it is a matter of letting the market to mature and seeing how it goes.

Here’s hoping for a bright future with plenty of profits.

Tags: bansko, bulgaria, property, real-estate, rental, skiing, ski, resorts

Bulgarian Property Buyers Beware

Just read an interesting article over in the Sofia Echo about the illegal practice of developers in Bulgaria building on protected land.

This could land a lot of buyers of property in Bulgaria in deep water with the possibility of having their apartments or houses pulled down sometime in the future.

According to the Sofia Echo:

A holiday home on Bulgaria’s Black Sea coast with surf, sand and pristine nature, all for a fraction of the price you’d pay in Spain? A done deal you might think. But a growing number of commercial projects being developed in protected areas should make foreign investors and holidaymakers think twice before investing their money.

Bulgaria’s pristine nature and affordable real estate prices are attracting a growing number of foreign investors – many from Britain, Ireland and other countries – who look to invest or spend their holidays in a prime property along the Black Sea coast or up in the mountains at one of the up-and-coming ski resorts.

But often without knowing much about the destinations beyond an attractive price and the promises contained in promotional materials, many of these buyers are investing in properties that are sometimes constructed illegally, putting their investments and some of Europe’s most valuable natural areas at risk.

You can read the rest of the article here.

It is of utmost importance that when buying property in Bulgaria that a buyer takes extreme care and practises due diligence. Do not be taken in by the promise of quick riches.

You would NOT buy a house in your country of residence without hiring a solicitor and taking all the necessary precautions to make sure everything is above board. This caution should be even more adhered to when buying abroad.