Expert explains why Bulgarian market offers "something for everyone"

"Bulgarian real estate boasts affordable prices, excellent rental potential and steady returns on investment," explains Strahil Popov, the international sales executive director of Eurosilex, a leading property developer in Bulgaria.

"This is why Bulgaria is very much a property hotspot. We’ve found that buyers are eager to invest in the Bulgarian market which is still one of the most dynamically developing markets in Europe."

The Infinity Ski and Golf Development

Bulgaria has indeed attracted international interest for years due to the country's warm climate, seaside and winter resorts, and relatively low prices. According to the National Statistical Institute, 1,922 million tourists visited Bulgaria from January to June 2007. During the first five months of 2007 alone, tourists visiting Bulgaria spent €532 million.

"The appeal of Bulgarian real estate is manifold," says Mr. Popov. "Some people buy property to invest in the thriving tourism industry and enjoy high rental potential, while others choose to buy a holiday home, or purchase a property for relocation or retirement purposes. That’s the beauty of the market; there’s something for everyone."

The famous region of Bansko, Bulgaria's number one ski resort; is just one of the country’s popular destinations. Surrounded by the Pirin, Rila and Rhodopa mountains, and boasting the best and most modern ski centre of all Bulgarian ski resorts, this town has the best snow record and the longest ski season (15 Dec - 15 May) of all the country’s ski resorts.

"Bansko is fast becoming one of Europe's top places to ski, which is why we’re pleased to be able to offer portfolio builders the chance to invest in our exclusive Bansko Infinity Ski and Golf development which is comprised of 140 apartments, mixing modern design, high-tech facilities, intelligent living space and high quality finishing with traditional style," explains Mr. Popov.

"The location we managed to secure for this project is fantastic, not only is the resort just six minutes from Bansko’s gondola lift, but it’s also in an area of golfing excellence due to the fact that it overlooks the famous Razlog Ian Woosnam golf course. This year-round appeal means anyone looking to invest will be able to enjoy guaranteed rental returns of 6%."

Indeed, one of the key distinguishing features of the Infinity Ski and Golf is the fact that it offers buyers the chance to invest in a project which not only provides luxury apartments during the ski season, but also a haven for golfing enthusiasts during the summer months.

"The resort has been designed to have all the assets needed to attract tourism throughout the year because Bansko or course makes a wonderful summer destination as well as a great winter destination," says Mr. Popov. "During the summer, not only is golf extremely popular, but the region’s beautiful mountains become a playground for climbing and hiking enthusiasts. Mountain biking is also becoming increasingly popular along with rafting, horse riding and rock climbing."

Eurosilex’s investment opportunities do not end in Bansko. Golden Valley, River Park, Crystal Spa and Eternity are among the company’s other Bulgarian developments currently gaining the interest of investors and holiday home buyers alike.

"Bulgaria has so much to offer on so many different levels that we want to offer investors a wide choice of resorts across the various regions," explains Mr. Popov.

The Eternity Development

The River Park Development

"Our exclusive Eternity development, for example, which offers unrestricted sea views from each of the 104 apartments in the project, is situated in Kavarna, while our Golden Valley resort, a private and fenced complex consisting of 22 luxury villas and 81 apartments, is located in the popular Black Sea coastal resort of Albena."

Eurosilex’s luxurious Crystal Spa Aparthotel is another of the company’s developments in Albena. The resort consists of 354 apartments and penthouses divided into 17 separate, Mediterranean-style buildings. Crystal Spa Aparthotel is less than a two minute drive from the beach of Albena, while the cosmopolitan town of Varna and its airport are only fifteen minutes away.

"Our latest development in Bulgaria is River Park," says Mr. Popov. "We are proud to introduce this latest development which is located at the heart of Kavarna’s newly renovated marina and beach recreation area. This project has been carefully selected in respect of return on investment and holiday rental potential, and looks set to be just as popular as our other developments."

Eurosilex is a leading property developer in Bulgaria.

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