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Wednesday, March 29, 2006 

Bulgaria’s prices still low, but rising fast

Bulgaria, the wannabe 2014 Winter Olympic host and wannabe EC member is continuing to see property prices soar from their low beginnings, although the price per square metre (currently 50 - 150 Euros) remains low compared to the Alps.

The Sofia News Agency, reports that offers are pouring in for a wide range of plots on sale in Bansko and Pamporovo as the 2006 building season begins to get underway. Bansko, where there are reported to be more than 400 plots currently for sale, is currently the most expensive, having come from fourth place behind the communist era Borovets and Pamporovo, both now undergoing radical face lifts under private ownership. Bansko was ‘unspoilt’ a UNESCO world heritage site and has seen the development of a modern lift system in recent seasons opening up a world class lift-served vertical.

On the possible downside for property investors, lift ticket and other prices have been rising rapidly along with property costs and the Economist Intelligence Unit (EIU), remains concerned over the quality and sustainability of existing public infrastructure and state administration.

Source: Ski Press

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