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Tuesday, July 18, 2006 

Golf Course Tempts Property Investors Interested in Bulgaria's Bansko

The number of tourists winter resort Bansko would be able to accommodate during the next winter season would increase by 20 000, representatives of Address Bulgaria property agency said.

In three years Bansko would offer opportunities for calm rest, as most construction work in the areas near and within the resort would be completed by then, property agents said.

Construction in Bansko’s Gramadeto area, located right next to the ski lift, is expected to end in the beginning of 2007. Most new constructions there would start functioning the coming winter season, mediapool.bg reported.

To avoid over-construction municipal representatives decided to ban further construction in the resort.

Investors would be attracted through new opportunities the resort would offer in the future. Most investors have already turned their attention to the construction of the new golf course Pirin Golf Holidays Club, to be located between Bansko and Razlog.

In relation to the new project, most investors are expected to launch projects like Spa centres, five-star hotels and apartment complexes.

According to prognoses, property investors in Bansko would turn to the overall development of the region, including projects in nearby Razlog, Dobrinishte and Banya.

Source: Sofia Echo

Related links: Investment Property Guide - Bulgaria

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