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Property for sale in Bulgaria Bansko Ski Property

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Property for sale in Bulgaria News

27 March 2006

New budget Bulgarian service

Travellers looking for cheap flights to Eastern Europe are to get a boost with the launch of two new services from London to Bulgaria.

Wizz Air will begin operating flights from Luton Airport to the Bulgarian capital Sofia four times weekly, as well as flights from Luton to Bourgas three times a week, from May 1.

The new flights, which will cost as little as £42.46 including taxes and fees, were announced at a press conference at the Radisson Hotel Sofia last week, bulgaria-property.com reports.

Bulgaria is proving a popular choice amongst Britons looking for a second home, and UK-based property companies have also moved quickly to develop in the country.

James Knight, director of property firm Knight International, congratulated Wizz Air’s decision saying the ‘UK and Bulgaria have grown ever closer today’.

Wizz Air is the first low-cost airline to offer flights from the UK to Bulgaria. The budget carrier enjoyed a three-fold increase in passenger numbers in 2005 and believes it will become the largest airline in Central and Eastern Europe within two years.

Flight times:
Luton to Sofia
Departs 6.30am, arrives 7.45am (Tuesday, Thursday, Saturday, Sunday)

Sofia to Luton
Departs 7.55pm, arrives 1.00am next day (Saturday)
Departs 8.20pm, arrives 1.20am next day (Monday, Wednesday, Friday)

Luton to Bourgas
Departs 4.40am, arrives 6.15am (Monday, Wednesday, Friday)
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Bourgas to Luton
Departs 10.25pm, arrives 3.55am next day (Tuesday, Thursday, Sunday)

Building season begins in Bulgaria's ski resorts

The reputation of Bulgaria as a premier country for ski holidays is continuing to grow and investors are starting to take advantage of this by snapping up properties.

According to the Sofia News Agency, there is currently a large selection of plots for sale in Bansko and Pamporovo – two of the country's finest ski resorts.

Citing the Investor.bg website, the Sofia News Agency states that offers are now pouring in as the new building season gets underway, with investors keen to find themselves a bargain that will presumably gain a tremendous amount in terms of value during the coming years.

It is an option that is increasingly appealing to investors who have become frustrated by high prices in alternatives including Austria and France, with property in Bulgaria still remarkably cheap despite the quality of the ski slopes.

Nonetheless, it is claimed that the ever-popular Bansko is seeing much higher prices than some of the other resorts, starting at around €50 per square metre and rising to around €150.

The report suggests that there are approximately 450 plots for sale in Bansko, with existing ski properties and off-plan projects attracting interest in equal measure. As prices begin to rise considerably in the country, off-plan investment has been tipped as a particularly sensible option, in that house price inflation can mean that investors have made huge returns on properties before they are even completed.

The ski resorts have also seen hotels and rented accommodation springing up in recent years to cater for the growing number of tourists hitting the areas each season.

With Bulgaria still seen as relatively undiscovered, many are combining the traditional ski holiday with an opportunity to explore the spectacular scenery, with the Black Sea resorts and the capital city of Sofia similarly popular.

Tourism inevitably has a significant impact on property investment and it is a factor that is expected to affect Bulgaria more than most.

The World Travel and Tourism Council (WTTC) predicts that the travel and tourism sector will grow by 6.3 per cent this year in Bulgaria and by 4.3 per cent per annum, in real terms, between 2007 and 2016.

In terms of its direct and indirect impact, travel and tourism is likely to contribute 16 per cent of GDP and 13.6 per cent of total employment this year, both of which should be instrumental in enhancing the property market.

While Bulgaria is still only 68th out of 174 countries represented in the WTTC survey, the speed with which Bulgaria has emerged as a tourist hotspot has been striking and it is a trend that can only improve the country's reputation for investment.

Bulgaria is not without problems, however, and the Sofia News Agency has reported that Delia Meth-Cohn, senior consultant for CEEMEA at the Economist Intelligence Unit (EIU), remains concerned over infrastructure and state administration.

EU accession is a step that will be crucial in determining just how substantial the economic growth in the country will be, but speculative investors are already banking on impressive capital gains by purchasing cheap properties in ski resorts and beach resorts alike.

Eurobank Analysts Remain Positive towards Bulgarian Eurobonds

Eurobank analysts issued an assessment report on Bulgaria's economic status and future prospects stating that Bulgaria was one of the best performers within EMBI+ components during the recent EM sell-off outperforming other lower-rated constituents of the index, reinstating its defensive nature, sound fiscal policy adding that the country has made significant progress on reforms implementation in accordance with EU demands.

Specifically, on the reforms front, following the European Commission’s annual progress report on Bulgaria last October, Parliament has passed a number of laws, including a new Penal Procedure Code and legislation allowing confiscation of criminal assets.
Up to this point, a greater portion of the 2005 Action Plan for EU-related reforms has already been passed and the approval of the remaining legislation is likely in due course.

However, full implementation of the reforms will probably prove challenging.

Nonetheless, the European Council is likely to decide this June to allow Bulgaria to join the EU on January 1st 2007.

In other related news, Moody’s recently upgraded Bulgaria’s FX sovereign rating by one notch to investment grade (Baa3), bringing it in line with existing ratings by the other two major agencies.

Eurobank analysts remain constructive towards Bulgarian Eurobonds multi/month (EMBIg Burgaria sovereign spread at 80bps at the time of writing) in view of the country’s improved EU prospects and Bulgaria’s sound fiscal position.



Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House Location: Pamporovo Ref: 15599 Price: £34,483 - €50,000 Details: Beds: 0 | Baths: 0 | Built M2 500 | Plot: M2 600 | Pool: No | Garage: Yes

Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House Location: Pamporovo Ref: 15597 Price: £30,966 - €44,900 Details: Beds: 3 | Baths: 2 | Built M2 180 | Plot: M2 1000 | Pool: No | Garage: Yes

Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House Location: Pamporovo Ref: 15603 Price: £26,897 - €39,000 Details: Beds: 6 | Baths: 2 | Built M2 240 | Plot: M2 560 | Pool: No | Garage: Yes

Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House Location: Pamporovo Ref: 15602 Price: £25,862 - €37,500 Details: Beds:6 | Baths: 3 | Built M2 200 | Plot: M2 - | Pool: No | Garage: Yes

Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House Location: Pamporovo Ref: 15601 Price: £21,379 - €31,000 Details: Beds:2 | Baths: 1 | Built M2 100 | Plot: M2 - | Pool: No | Garage: No

Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House Location: Pamporovo Ref: 15595 Price: £17,931 - €26,000 Details: Beds:3 | Baths: 1 | Built M2 200 | Plot: M2 4000 | Pool: No | Garage: Yes

Property for sale in Pamporovo Bulgaria
Property for sale in Bulgaria - House Location: Pamporovo Ref: 15595 Price: £17,931 - €26,000 Details: Beds:3 | Baths: 1 | Built M2 200 | Plot: M2 4000 | Pool: No | Garage: Yes

Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - Ski resort apartment Location: Borovets Ref: 16896 Prices from: £48,490 - €71,280 Details: Beds: 1 | Baths: 1 | Built M2 72 | Plot: M2 - | Pool: No | Garage: No

Property for sale in Borovets bulgaria
Property for sale in Bulgaria - Ski resort apartment Location: Borovets Ref: 16897 Prices from: £48,490 - €71,280 Details: Beds: 1 | Baths: 1 | Built M2 72 | Plot: M2 - | Pool: No | Garage: No

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort apartment Location: Bansko Ref: 16542 Prices from: £58,231 - €85,599 Details: Beds: 1 | Baths: 1 | Built M2 80.94 | Plot: M2 - | Pool: No | Garage: Parking

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort apartment Location: Bansko Ref: 16895 Prices from: £56,667 - €83,300 Details: Beds: 1 | Baths: 1 | Built M2 70 | Plot: M2 - | Pool: No | Garage: No

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - House Location: Bansko Ref: 15445 Price: £19,728 - €29,000 Details: Beds:4 | Baths: 1 | Built M2 150 | Plot: M2 500 | Pool: No | Garage: No

Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House Location: Varna Ref: 14275 Price: £88,435 - €130,000 Details: Beds:4 | Baths: 2 | Built M2 150 | Plot: M2 1200 | Pool: No | Garage: Parking

Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House Location: Varna Ref: 16613 Price: £64,626 - €95,000 Details: Beds:3 | Baths: 2 | Built M2 300 | Plot: M2 1000 | Pool: No | Garage: Yes

Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House Location: Varna Ref: 14283 Price: £47,619 - €70,000 Details: Beds:2 | Baths: 1 | Built M2 120 | Plot: M2 1200 | Pool: No | Garage: Yes

Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House Location: Varna Ref: 15036 Price: £37,415 - €55,000 Details: Beds:2 | Baths: 1 | Built M2 150 | Plot: M2 2000 | Pool: No | Garage: No

Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House Location: Varna Ref: 15364 Price: £19,048 - €28,000 Details: Beds:3 | Baths: 2 | Built M2 100 | Plot: M2 1500 | Pool: No | Garage: Yes

Property for sale in Varna Bulgaria
Property for sale in Bulgaria - House Location: Varna Ref: 15037 Price: £17,687 - €26,000 Details: Beds:3 | Baths: 1 | Built M2 120 | Plot: M2 700 | Pool: No | Garage: Yes

property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House Location: Borovets Ref: 15590 Price: £56,463 - €83,000 Details: Beds:2 | Baths: 1 | Built: M2 90 | Plot: M2 800 | Pool: No | Garage: Yes

Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House Location: Borovets Ref: 15591 Price: £55,034 - €80,900 Details: Beds:5 | Baths: 3 | Built: M2 1000 | Plot: M2 4000 | Pool: Yes | Garage: No

Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House Location: Borovets Ref: 15585 Price: £44,218 - €65,000 Details: Beds:4 | Baths: 2 | Built: M2 190 | Plot: M2 32 | Pool: No | Garage: Yes

Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House Location: Borovets Ref: 15588 Price: £44,218 - €65,000 Details: Beds:5 | Baths: 2 | Built: M2 250 | Plot: M2 800 | Pool: No | Garage: Yes

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property villa Location: Bansko Ref: 15444 Price: £29,932 - €44,000 Details: Beds: 1 | Baths: 1 | Built M2 150 | Plot: M2 1500 | Pool: No | Garage: No

Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House Location: Borovets Ref: 15584 Price: £24,490 - €36,000 Details: Beds:3 | Baths: 2 | Built: M2 180 | Plot: M2 600 | Pool: No | Garage: Yes

Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House Location: Borovets Ref: 15586 Price: £17,007 - €25,000 Details: Beds:1 | Baths: 1 | Built: M2 90 | Plot: M2 1000 | Pool: No | Garage: Yes

Property for sale in Borovets Bulgaria
Property for sale in Bulgaria - House Location: Borovets Ref: 15589 Price: £15,646 - €23,000 Details: Beds:2 | Baths: 1 | Built M2 80 | Plot: M2 - | Pool: No | Garage: Yes

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment Location: Bansko Ref: 15630 Price: £44,322 - €65,153 Completion: November 2005 Details: Beds: 1 | Baths: 1 | Built M2 59 | Plot: M2 -- | Pool: No | Garage: Parking

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property off plan apartment Location: Bansko Ref: 16546 Price: £39,185 - €57,602 Completion: August 2006 Details: Beds: 1 | Baths: 1 | Built M2 -- | Plot: M2 -- | Pool: No | Garage: --

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment Location: Bansko Ref: 15630 Price: £44,322 - €65,153 Completion: November 2005 Details: Beds: 1 | Baths: 1 | Built M2 59 | Plot: M2 -- | Pool: No | Garage: Parking

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment Location: Bansko Ref: 15960 Price: £38,027 - €55,900 Details: Beds: 1 | Baths: 1 | Built M2 43 | Plot: M2 -- | Pool: No | Garage: Secure Parking

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property Villa Location: Bansko Ref: 16549 Price: £29,932 - €44,000 Details: Beds: 1 | Baths: 1 | Built M2 150 | Plot: M2 1500 | Pool: No | Garage: No

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property apartment Location: Bansko Ref: 16766 Price: £27,211 - €40,000 Details: Beds:-- | Baths:-- | Built M2 -| Plot: M2 - | Pool: Heated | Garage: Parking

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property villa Location: Bansko Ref: 16610 Price: £26,993 - €39,680 Details: Beds:1 | Baths:1 | Built M2 -| Plot: M2 - | Pool: No | Garage: Parking

Property for sale in Bansko Bulgaria
Property for sale in Bulgaria - Ski resort property villa Location: Bansko Ref: 15444 Price: £29,932 - €44,000 Details: Beds: 1 | Baths: 1 | Built M2 150 | Plot: M2 1500 | Pool: No | Garage: No

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Bulgaria Property Listed in this section are Bulgaria property ads for sale and rent. Currently we are offering more than 2000 hot offers of Bulgaria property from all main regions of our beautiful country. Bulgarian Properties have own local branches and agents in each area where we sell Bulgaria property.

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Property for sale in Bulgaria