Investors hunt for of lands in smaller mountain villages

03.11.2007

Accordance with the latest Oxford Business Group report, presented on October 30, Bulgarian mountain resorts attracted the most foreigner attention of any Bulgarian resorts in 2006. The Black Sea resorts such as Albena, Sunny Beach, and Golden Sands were less attractive as vacation properties since these places are considered to be profitable only in the summer.
The last few years have seen a tremendous increasing in Bansko. Projects have been springing up on an almost daily basis, irretrievably affecting the landscape. Some property experts predict that Bansko is a done deal, i.e. it will never be the lovely and attractive resort it once was.
However, this does not deter owners from offering their plots of land. Currently, there are about 400 plots on sale in the area, their prices varying from 40 to 210 euro a sq m, IMOT.BG announced. Owners of lands situated in proximity to the ski lift or the town centre did not quote a company price, but rather stipulated it as "negotiable," with a view to subsequent haggling to get the highest bid. Now plots situated in not-so-popular regions are also posted under similar quotation.
Lands situated within a kilometer or two of Bansko are at the low price range (50 to 100 euro a sq m). Ovinache and Kotechkoto regions ask more than 200 euro/sq m. They are think over to be the most expensive in the area.

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