Bulgaria Ski discussion board

Investing in Bansko

jc Author: posts : 13   (Beginner)Date : 02-15-05 21:35

Investing in Bansko

i am currently thinking of investing in an apartment in bansko, one of the new ones near the gondola and hotel tanne and perun.

would appreciate any feed back as to whether this would be wise move...

Booze Booze
danny Author: posts : 13   (Beginner)Date : 02-15-05 21:47

re: Investing in Bansko

Could be-but beware u may have to pay protection money otherwise your apartment maybe subject to " attacks"
jc Author: posts : 13   (Beginner)Date : 02-16-05 00:08

re: Investing in Bansko

what sort of attacks...
Val Author: posts : 13   (Beginner)Date : 02-16-05 10:12

re: Investing in Bansko

Try talking to Steve C. He is in the process of buying an apartment in Bansko.
Delvis Author: posts : 13   (Beginner)Date : 02-16-05 10:40

re: Investing in Bansko

Beware the mafia!!

Also, check on ownership...we were told you never actually 'own' a Bulgarian property outright, you buy something like a long-term lease. Also, if you sell you may have pay a portion of the proceeds to the men in black suits!!!!

Delvis
Steve C Author: posts : 13   (Beginner)Date : 02-16-05 11:23

re: Investing in Bansko

Hi jc..
As explained by Val i have purchased off plan an apartment which is being built just to the rear of the TANNE hotel. You will have to consider whether it is a wise move as i did but here are a few considerations...
1. Bansko is up and coming with more expansion planned than any other resort in BG, it is ideally placed sitting as it does at the base of three ranges.
2. It is being promoted as the premier resort in BG in its bid to host the 2014 winter olympics (whether that comes ...
Hi jc..
As explained by Val i have purchased off plan an apartment which is being built just to the rear of the TANNE hotel. You will have to consider whether it is a wise move as i did but here are a few considerations...
1. Bansko is up and coming with more expansion planned than any other resort in BG, it is ideally placed sitting as it does at the base of three ranges.
2. It is being promoted as the premier resort in BG in its bid to host the 2014 winter olympics (whether that comes off or not, they are still trying)
3. The expansion of the lift system and piste is being funded by large europeon banks (for the huge returns)
4. The goverment for their part are funding the installation of a motorway connecting Sofia to the Greek border passing right by the resort bringing the transfer time down to one and half hours.
5. There is a provincial airport planned for the area, an 18 hole golf course and a new holiday village being built 7 kms away for the summer.
6. Bansko is an established town with an approximate population of 10,000 well steeped in history with old bars and restaurants, places of historic interest attracting summer and winter visitors.
7. It is the highest resort (skiing wise) in BG and so can expect the best snow.
If you are considering buying then e-mail me and i will try to put you right on what to look for, what to avoid and what you are likely to expect in buying in Bansko.
If you are serious then be quick, prices are rising at an incredible rate....
I have been investigating this for a year before i actually bought, i wish i had not messed around, i would have saved 30,000 euro.....

Hope this helps

steve c

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jc Author: posts : 13   (Beginner)Date : 02-16-05 19:29

re: Investing in Bansko

steve c whats your email address....