Away from the coast, the main hotspots on the Bulgarian property investment market are mountain resorts
Property for sale in Bulgaria´s mountains has been selling like hot cakes in the last three years and prices have risen by nearly 40%. Such feverish levels of Bulgarian property investment have been driven by the country´s growing appeal as a winter sports destination. Official Bulgarian figures suggest a 62% increase in British visitors to the three main ski resorts of Bansko, Borovets and Pamporova last winter.
Bansko has been likened to Spain four decades ago, with construction and infrastructure development booming after years of stagnation. An estimated 3,000 Brits have found their ideal Bulgarian property investment in this resort since 2003 and recent reports suggest some off-plan complexes are selling out within a month of reaching the market.
There is usually a good selection of property for sale in Bulgaria´s oldest, largest and most expensive winter sports centre: Borovets. The area suffers a shortage of rental accommodation between December and April so some developers now offer off-plan property for sale in this Bulgarian resort with 5-year guaranteed rental yields.
Expanding and popular, Pamporovo is the most southerly winter sports resort in Europe. Good year-round sunshine levels have helped Pampororo become a hotspot for Bulgarian property investment because it has great potential to develop a serious summer tourism trade.