Bulgaria Ski discussion board

I have spoke to a manager at Balkenstroy while I was in Bulgaria, he told me first hand that it is happening in 2 years.

Read the fifth paragraph,

The Bulgarian golf courses, together with the golf villa complexes and the vacation villages, built next to the golf properties have recently been in the very spotlight of all property investors in Bulgaria.

At this point the region of Bansko and Razlog is the leading destination for the largest number of golf projects in Bulgaria. So far there are 7 golf projects planned for this particular mountain area. Some of the projects have already been put in implementation, while the others are still developing. Six of the golf courses are planned to be constructed in the municipality of Razlog, the seventh is in Bansko ski resort.

Pirin Golf Holidays Club”, the first vacation complex in Bulgaria is in process of construction now, on a total area of 1400 decares in Betolovoto site. Investor and executor of the project is the Bulgarian company “Balkanstroy”, owned by Kaloyanovi brothers and Yordan Kanazirev. The golf course is designed by Ian Woosman and its construction is almost completed. The terrain of the golf course is spread on 900 decares and has 18 holes. Near the golf course residential buildings and hotel complex with 700 apartments will be built. The complex should be finished by next year, but will partly start operating this summer. 130 Million BGN will be invested in the project.
The residential site will offer five-star accommodation with a modern spa centre, swimming pools, tennis courts, volleyball playgrounds and horseback riding fields.

The second project of Balkanstroy is “Pirin Golf and Country Club”, and is also estimated to cost 130 million BGN. It will be situated in the Tsarnako-Betlovoto site. The company received a first-class investment certificate for this project. The construction works on the complex are to begin soon. The project will be spread on 1000 decares, 780 decares of it will be taken by the golf course. Residential buildings, hotel part and sports & recreation centre will be situated close by. It is planned to be completed after 3 or 4 years.

The third project of BalkanStroy developed in cooperation with Razlog Municipality – Kulinoto Ski & Golf in the Kulinoto site will offer both golf and ski facilities and sport opportunities. The planned investment will be 240 million BGN. Except for the golf course, the company will also construct a ski centre with 59 km of ski slopes and 20 km long lift system. Hotels and residential buildings with capacity of around 3000 beds will be situated nearby. For the last years the sites nearby Razlog attracted many domestic and foreign investors. The price of square meter of land reached 100 EUR. Several huge vacation complexes are currently being developed and more than 1000 decares in the regions, close to the golf courses are already sold.