Looking for an Investment Ski Property? Then Bulgaria Might be the Place for You
Bulgaria’s housing market is booming! And nowhere is that more evident than in its ski resorts. Since 2016, the Global Property Guide has seen house prices rise sharply in the capitol of Sofia, and in the ski resorts surrounding it. A strong & stable economy, falling interest rates and increasing international demand mean that Bansko, Borovets and Pamporovo are attracting buyers that would once have flocked to the more traditional ski resorts in France, Switzerland, Italy & Austria.
So, what type of ski property does your money get you in Bulgaria?
This 2-bedroom apartment in Bansko is just €130,000, located next to a ski lift a few minutes’ walk from the centre of town. The ski apartment is a whopping 145m2 and is in a building which allows you access to a pool, spa and fitness centre amongst other things. A similar apartment in Chamonix, France (such as this one) comes in between €500,000-€700,000.
This stunning 2-bedroom apartment is 9km from Bansko ski resort in the 5* Pirin Golf & Country club. Modern and stylishly decorated with plenty of natural light flowing in through the large windows, it is the perfect investment for those looking to make the most of both the winter and summer seasons. With free shuttles to the slopes in the winter, an award-winning golf course open in the summer and restaurants, spa facilities and indoor & outdoor swimming pools on your doorstep, for €145,000 you are getting more than you would get for more than triple the price elsewhere in Europe.
This 2-bedroom apartment in a luxury building in Pamporovo ski resort is just €95,000. The combined living & dining area has double height ceilings with floor-to-ceiling windows which overlook the beautiful Rhodope Mountains. A short distance from the ski lifts with restaurants, bars & shops on your doorstep, this is the perfect investment ski property if you are looking to enter the market!
Still not sure?
The ever-increasing prices of ski holidays in France, Italy, Austria & Switzerland mean that many Brits are now choosing to spend their ski holidays in Eastern Europe, and Bulgaria is the clear leader when it comes to destination choice. As Bulgarian ski resorts increase in popularity, companies are investing more in infrastructure to further develop the lift systems and expand the ski areas so that slow lifts and limited terrain will soon become a thing of the past.
Not content with just being a winter playground, most Bulgarian resorts have a booming summer season, with no signs of slowing down. Hiking, rafting, mountain biking and even hunting (if that’s your style) are all huge here in the summer months, and more and more tourists are choosing Bulgaria over the busier (and more expensive) resorts of the Alps.
If you have always thought about an investment ski property, ski chalets and apartments in Bulgaria are affordable investments with ski property values increasing an average of 8% in 2016. Unlike many alpine resorts which have already reached the limit of their growth, the Bulgarian ski areas are small with plenty of potential, and there is no time like now to invest.
Interested in buying a Bulgarian Ski Property? Message the guys at Bulgarian Properties here for the best real estate advice in Bulgaria.
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