Investors should avoid giving their money to nedostroeni vacation property.
Holiday properties in mountain resorts last year fell within the 20-50 percent and prices returned to levels before 4 years. It says in an analysis of agency "Bulgarian Properties".
Such properties are already available to a much broader range of buyers - not only foreigners but also Bulgarians. Another reason is the approaching winter season, which inevitably increases the interest in mountain resorts and holiday homes.
Currently Bansko can find apartments at prices from 300 euro / sq. m up to 1200 euro / sq. m. Our data suggest that most searches are properties with prices from 450 to 600 euro / sq. m in a luxury complex on prices of 700 to 900 euro / sq. m
In recent months the market for vacation properties in major mountain resorts in Bulgaria has been some movement and increased interest from buyers has been further highlighted in the analysis of the real estate agency. Greatest interest and most have made deals with residential properties in Bansko. Reasons for exercise is in the sales of our biggest ski center this summer should be sought not only to drastically reduce costs. Buyers prefer mostly ready and avoid estate investment nedostroeni housing.
For the last year prices in the three largest ski resorts in Bulgaria - Bansko, Pamporovo and Borovets, declined at different rates. Bansko is recorded the largest reduction since this is where the construction of new complexes has been the most dynamic and competition is greater.
Pamporovo and Borovets prices also declined since the beginning of the crisis but not on such a scale as in Bansko. For them the reduction is an average of 10-20% and holiday properties maintain higher prices, which in turn makes them considerably less demand.
Situation now is very suitable for investment in holiday property in the Bulgarian mountain resort, consider the "Bulgarian Properties". The main reason they remain low prices which are among the most profitable in Europe.
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