Bulgaria Ski discussion board

Plans are afoot for massive development in the Borovets region.

The report below was published in todays Sofia Echo.

FOREIGN PROPERTY INVESTORS TO SHOW INCREASING INTEREST IN BULGARIA'S BOROVETS- REPORT
09:03 Tue 20 Mar 2007

The ski resort of Borovets is going to become increasingly attractive for foreign property seekers, Asta Bridge executive director Anton Pankev said.

During the coming winter season Borovets is to see a number of major projects, Pankev said. The execution of such plans was going to attract further interest, he said.

Upon completion new property in the resort will be offered for sale at prices of 1200 euro per sq m, investor.bg reported.

The lack of private plots in Borovets hindered its development, Pankev said. The number of owners offering land for sale was much smaller than the number in Bansko winter resort, he said.

Borovets will change because of its proximity to Sofia and execution of the Super Borovets project, Pankev said.

As a result of the developments property prices will increase. Apartments will reach prices of 3000 to 5000 euro per sq m. Spa and luxurious complexes will be most expensive, Pankev said.

Ends.
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Lets hope it's done with a little more care than in Bansko.

PP