Dear Valued Stara Planina Properties Client,
We hope you will find the information provided by our monthly newsletter useful and interesting. We would be grateful if you express your interest in any topics related to Bulgaria, travel or property market so we can consider them for future inclusion in newsletters.
Recently it was reported that the charter traffic to Bulgaria will be up by 40% during the upcoming winter season compared to the last year. The reason for this is that Bulgaria has become one of the most attractive destinations in Europe for skiing with its beautiful nature, excellent sports facilities most of which were opened in the last ten years, and affordable prices.
Borovets is the oldest of the three major ski resorts in Bulgaria. It is just 70 km from Sofia international airport and is located in the Rila Mountains. Recently the government approved a new project for improvement of the region called Super Borovetz. The project foresees building of new sports and recreation facilities whilst preserving the beautiful forests and looking for environmentally friendly decisions for building the ski runs and lifts. Property near Borovets offers excellent investment opportunities with houses just 20 min from the resort starting at 15,000 pounds.
Recently the resort of Bansko in the Pirin Mountains has been voted Europe's most improved ski resort in the first Great Skiing and Snowboarding Guide 2006 awards. In the last years it has become the most popular ski resort in Bulgaria being very busy during the whole year since it combines modern ski facilities and the charming old town with more than 100 restaurants. The Bansko ski season 2005 will be opened by the ski legend Marc Girardelli on the 7th December. The old houses on offer within Bansko are rare and very expensive, but there are good offers in the new complexes of apartments starting at 25,000 pounds and in the surrounding villages starting from as little as 15,000 pounds.
The resort of Pamporovo (Rodopi Mountains) is 3 1/2 hours drive from Sofia and just one hour from the second biggest city Plovdiv. Visitors say that Pamporovo is the most beautiful of the three resorts and has the biggest number of sunny days during the skiing season. The ski facilities are very good and the proximity of picturesque old villages makes the resort unique. The property around Pamporovo is less expensive compared to the other two resorts with prices for an old traditional stone masonry house for as little as 8,000 pounds.
In addition the development of Borovets and Bansko will be boosted by the Bulgarian 2014 Winter Olympic Bid.
If you are interested in property in the ski resorts or in Sofia, our Sofia office will assist with every aspect of your property search and purchase.
In an article in the October issue of Homes Overseas Magazine the international property expert Scott Huggins shares his impressions from his recent visit in the Veliko Turnovo region of Bulgaria. He says he had been very much hooked on the location because of its beauty and impressed with the estate agency. Mr Huggins suggests that Veliko Turnovo is a fantastic mix of “river gorge, ancient castle and cathedral, and small houses hanging off of cliff-tops, seemingly piled on top of one another all of which is surrounded by modern living”.
Deciding to purchase properties in the region himself he shares with the readers the feel of Veliko Turnovo as a relatively undiscovered part of the country and foresees 40 to 50% price rises per annum over the next couple of years.
The National Statistics Institute said that over 6.1 million foreigners entered Bulgaria for the first nine months of the year which is 6% more compared to 2004. 3.5 million of them were tourists. Germany generated the biggest number of foreign arrivals with Britain being fourth in this ranking.
Sofia News Agency has reported that the European Bank for Reconstruction and Development plans to invest 40 million euros in Bulgaria's two Black Sea airports through concessions in order to improve their capacity. This is a necessary step since the airports struggle to cope with the increased number of holiday charter flights in the summer. The Sofia airport is also undergoing major improvement with a new terminal to be opened in the summer of 2006. It will increase the capacity of the airport several times and will provide better facilities for the passengers. The old Sofia terminals will be used to host budget international flights.
In the meantime the Ministry of the Regional Development announced that the national motorway construction programme should be completed by the year 2010 including all the major roads connecting the border passes as well as Sofia-Varna and Sofia- Bourgas motorways.
"Bulgarian Christmas" is a major charity campaign for helping children in need. It was launched on the 1st of December by the Bulgarian President Georgy Parvanov. In the last two years the Bulgarian Christmas campaign helped 39 kids who needed medical treatment abroad or who suffered from rare diseases. The charity provided new equipment for the children wards of 10 state hospitals. A number of Bulgarian celebrities and artists will support the campaign like twice Olympic champion Maria Grozdeva and the Bulgarian-born music star Sylvie Vartan.
There are telephones and bank accounts opened to receive donations. If you are interested to donate funds please contact our offices and we will provide further details.