Bulgaria Ski discussion board

As everyone knows there are property developments all over Bansko but does anyone have any tips on which are/might be the best places to buy apartments to rent out?

My brother has been to Bansko and says that the Galliard development (Pirin Spa Resort) is too far from the slopes and yet this was the type and quality of investment I was looking at.

Other viable options include 'The Orchard'.

I'd be really interested to hear from members who know the ski resort well - which developments look promising to you?

And from people who have recnetly bought apartments in the area - what are your thoughts? can you recommend your development? is it true that the legal arrangements have not been finalised for the resort?

Many thnaks in advance, Floyd

Hi, we have bought in the Saphire Development through Bulgaria Revealed, and although it is not the closest to the Gondola there will be transport so it doesn't matter(Looking at the map prob about a 15/20 min walk (quicker without carrying gear). We stayed in the Perun Hotel in Jan, and although it's only a 5/10 min walk to the gondola we all still got the bus with all our gear.

We were able to get a 2 bed 2 bath in a big development which would have cost us a LOT more to be a few minutes closer. I can't comment on others developers, but as well as the rep (english) who sold us the apartment we have had contact from Developers directly (they contacted us) as well as the agents, they also sent us a copy of the paperwork proving they had received the legal go ahead for the development.

The only thing I will say is, wherever you buy do not expect to get rentals easily, Bansko is still growing and I believe from research etc that it will be a few years (when more work is done/finished etc) before it starts to pay. And if you get offered guaranteed rental, they have prob added this to the cost of the apartment, or it is not guaranteed (the agents cannot guarantee this).

I hope this helps.

Bikergirl

We were looking at buying and were put off by an article we read in the Mail that said it was only the English/Irish actually buying out there and therefore the resale market was very limited and as there were so many being built that nobody would make a fast buck (There seems to be thousands of resales available already) - Long term (5-10 years)I think you will be ok once everything settles but from what I have read they need to sort out the infrastructure and soon. I haven't been to Bansko yet - But am looking forward to seeing it after all the reviews - Friends of ours have bought in Borovets & Sunny beach but I don't think either apt is paying for itself as yet