Building Bulgaria: Brits fighting to buy ski property

Traditionally, the Alps have been the mainstay ofcontinues to attract a younger, more open
the European winter sports industry. Whilst theminded and adventurous crowd, and at prices
traditional Alpine nations of France, Switzerlandthat are up to ten times less than those in
and Austria are still the most popular skiFrance, it's not surprising that Bulgaria is growing in
destinations for the Brits, the cost of ski propertypopularity every year.
in these countries has risen beyond most people'sBansko, probably Bulgaria's most famous ski
reach. This has led to a gap in the market forresort, has seen impressive development of the
more reasonably priced ski property, and this is aski area over the last five years, with extensive
gap that Eastern Europe - and Bulgaria in particularnew lift systems being built offering even more
- has neatly filled.terrain, and several new apartment buildings going
As the stigma attached to the former communistup. Unlike in France, where a one bedroom
countries of Eastern Europe has slowlyapartment would cost anywhere from 150,000
disappeared, the stable political atmosphere andEuros upwards, ski property in Bansko can be
the booming investment in such countries hassecured for around 40,000 Euros, and with an
become very appealing to the British buyer. Andimpressive 18 hole golf course near by,
let's not forget the ski resorts themselves;apartments can offer investors year round rental
though not quite as high or extensive as the Alps,potential.
the Rila Mountains (which are part of the Balkans'And other Bulgarian ski resorts are following
highest range) rise to a very respectable 2925mBansko's lead; Borovets, Bulgaria's oldest winter
and offer numerous cosy villages and plenty ofresort is the biggest and most modern in the
comfortable accommodation.country. Situated in the Mousla ridge of the Rila
At one time, Bulgaria was famed as a bargainrange it's seen new expansion of the lift system
basement ski destination, with rickety lifts from aand new apartment developments.
bygone soviet era; it was cheap and cheerful, butPamporovo, one of the most modern ski resorts
not somewhere that serious skiers would visit.in Bulgaria, is characterised by rounded mountains
However, the multi-million Euro investment in theand wooded slopes, which make it ideal for
country have put Bulgaria on the piste map as alearners but more challenging pistes do exist -
respectable destination for snow sportssuch as the Giant Slalom run - and the resort's
enthusiasts.most difficult slope "The Wall". Again, off plan
The clientele of the Bulgarian mountains differs astudio or one/two bedrooms apartments can be
little from those of the Alps; you won't find manysecured for similar prices to those in Bansko and
fur-clad ski-snobs (who rarely venture from theirBorovets, which is much lower than in Western
Anglicised strongholds such as Val D'isere orEurope.
Meribel), on the Bulgarian slopes. Instead Bulgaria