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Saturday, November 22nd, 2008
Summary: As Bulgaria's best and most popular ski resort Bansko already has a great deal going for it and now the amount of international investment being ploughed into this resort is resulting in record numbers of investors seeking off plan property for sale in Bansko.
As Bulgaria’s best and most popular ski resort Bansko already has a great deal going for it and now the amount of international investment being ploughed into this resort is resulting in record numbers of investors seeking off plan property for sale in Bansko.
But while off plan property in Bansko may be the real estate investor’s asset class de jour, could it be just flash in the pan? No! Because Bansko is being transformed from a sleepy and quaint ski town into a five star, first class ski resort and the demand for property to buy and let in Bansko is increasing at unprecedented levels.
The popularity of the resort is quite obvious, Bansko has the longest ski season in the region, it also has a decent summer season, it attracts all levels of skiers, the apres ski in Bansko is lively and popular and the overall desirability of Bansko has increased annually for the past five years straight.
Now Bansko is receiving massive public investment into infrastructure improvements, incredible private investment into tourism facilities in the form of everything from five star hotels and golf courses and you can probably begin to get a feel for why off plan ski property in Bansko in Bulgaria is being sold and resold up to three times before it even reaches completion.
One of the latest developments to be released in Bansko is Bansko IV which is quite possibly the best located development currently available. It not only offers investors a chance to get on the property ladder in Bulgaria from as little as GBP 39,000 but it also offers investors the chance to purchase a particularly easy to let apartment in a very desirable location which means an income can be generated from the property as soon as it is completed. Alternatively at such a low starting price an investor can buy and flip the property on completion and sell on taking the profits gained during the build period.
It’s important to remember that when buying property abroad the same rules apply as when buying property back home - location, location, location - oh and value for money and investment potential as well of course! Well, Bansko IV seems to have a tick in all the right boxes. For example the development is located within walking distance of the gondola and near to the brand new five star Kampinski Hotel, it offers residents stunning mountain views and you can walk from Bansko IV into town in the evening to take full advantage of the apres ski on offer!
Bansko IV is a superior development with all apartments finished to a very high specification, furthermore the complex also consists of a range of leisure facilities for the exclusive use of residents or guests and these include a swimming pool, sauna, steam room and Jacuzzi.
If you’re seriously considering getting in on Bulgaria’s successful property market now would be a good time to consider making your move. Bulgaria is still on track for EU accession in 2007, its tourism industry is growing rapidly and as previously stated the amount of money being ploughed into areas like Bansko is really pushing up property value and making the resorts even more attractive for holiday makers.
For details of the Bansko IV development and other similar off plan apartment developments in Bansko in Bulgaria click here and if you need information about mortgages and home finance to purchase property in Bulgaria .