Why Invest in Pamporovo Property in Bulgaria

Revealing a multi billion euro investment project in Pamporovo that will transform property in Bulgaria as an investment commodity

If you’re looking for a property investment opportunity where there is long term potential for substantial capital appreciation AND the chance to witness annually increasing rental yields as well as annual increases in demand for your property by tenants and you thought Bulgaria was probably the last place you should be looking – let me tell you, you should look again!

A significant announcement was made earlier this month which heralds a new era in terms of property investment in Bulgaria and in this article we will reveal why you should invest in Pamporovo property in Bulgaria for a long term opportunity for maximum profitability…probably!

There’s no denying the fact that the Bulgarian ski and winter sports resorts have fared far better than the coastal hotspots which have been over developed, over saturated with poor construction and basically oversold making it incredibly difficult for new investors to find profitable properties…

The most popular ski resorts of Bulgaria – namely Bansko, Borovets, Pamporovo and Vitosha near Sofia – have indeed fared better because the developers and authorities, planning officers and even investors who have targeted these areas and markets have done so with the valuable hindsight gained from the overdevelopment of Black Sea coastal Bulgaria.

So – building on valuable knowledge foundations and also building on a very well established tourism base, those who have been developing and improving the winter sports resorts in Bulgaria have been doing so sympathetically, intelligently and successfully. 

As the 2007/2008 winter sports season fast approaches, the booking levels are up and the expected turnover is at least 7% higher than that enjoyed last season according to Bulgarian tourism insiders.

All very well – I hear you utter – but why invest in Pamporovo property in Bulgaria specifically? 

Well, unlike Bankso which has been slightly oversold already and therefore it’s a location where the best properties are already fetching the best prices (i.e., the highest!), Pamporovo has simply retained its reputation for excellent skiing and guaranteed snowfall because of its altitude meaning that it is actually ripe now for forward development – and we’re not the only ones who think so.  The local municipality has formed a partnership with STC Perelik AD for the major development of the entire area surrounding Pamporovo and for the creation of a multi billion euro new sport complex. 

And that’s not all – this massive development program will see a new airport, three lane road, an additional 200 km of new pistes and 100km of new ski lifts by 2014 and these are the reasons to invest in Pamporovo property in Bulgaria!