Now is the Time to Snap Up Property in Bulgaria’s Ski Resorts
Reports by market analysts as highlighted in the respected global news publication International Business Times reveal that now is the time to snap up property in Bulgaria’s ski resorts. Leading experts in property in Bulgaria House Sales Bulgaria (http://www.housesalesbulgaria.com/) confirms that property prices in many of the country’s ski resorts are dropping to levels which are making these properties of great interest to property investors.
Recently published market analyst reports reveal that real estate in Bulgaria’s biggest ski resort, Bansko have dropped in price by as much as 50% since 2008 figures. The difficult global economic conditions have had their effect on some people wishing to sell property in Bulgaria, particularly in some of the country’s ski resorts, according to the reports, leading some vendors to drop their prices significantly in order to secure a sale. This is creating some very tempting real estate opportunities for property investors or for individual residential purchasers looking for a bargain ski apartment.
The International Business Times, citing the market analyst reports, says that “apartments in Bulgarian resort Bansko have halved in price over the past three years, attracting interest from buyers looking for affordable winter property. In the first eight months of 2011, apartments in Bansko were sold at an average of 760 euros per square metre. But after a hefty 10 per cent price drop in May, the index value of Bansko property is now at 51.31 – almost half that of November 2008, when the index value was at a peak of 100.” According to the article, many of Bulgaria’s ski resorts are demonstrating the same phenomenon, but “Bansko is leading the way on the ski slopes, with other major resorts seeing only a 22 per cent decrease in house prices”.
Bulgaria’s ski resorts have perennial appeal, offering skiing that rivals any of the top international ski resorts, great snow conditions with a long season, stunning natural scenery and excellent après ski facilities. What’s always been the key to the appeal of Bulgaria’s ski destinations is the price: ski equipment and passes, accommodation, food and drink are all significantly cheaper than in some of the other popular ski resorts, such as the Alps, for instance. Now it’s the price of property in Bulgaria’s ski resorts which is attracting attention, which is great news for those wishing to sell property in Bulgaria and in the ski regions in particular.
House Sales Bulgaria helps to match Bulgarian bargain property hunters with those selling property in the country. By harnessing its impressive network of websites and industry contacts, as well as multi-media and internet marketing, it ensures that the right properties get exposure to the right potential buyers. Find out more at http://www.housesalesbulgaria.com/.
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