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Building Bulgaria: Brits fighting to buy ski property

Traditionally, the Alps have been thestrongholds such as Val D'isere or Meribel),
mainstay of the European winter sportson the Bulgarian slopes. Instead Bulgaria
industry. Whilst the traditional Alpinecontinues to attract a younger, more open
nations of France, Switzerland and Austriaminded and adventurous crowd, and at prices
are still the most popular ski destinationsthat are up to ten times less than those in
for the Brits, the cost of ski property inFrance, it's not surprising that Bulgaria is
these countries has risen beyond mostgrowing  in  popularity  every  year.
people's reach. This has led to a gap in the
market for more reasonably priced skiBansko, probably Bulgaria's most famous ski
property, and this is a gap that Easternresort, has seen impressive development of
Europe - and Bulgaria in particular - hasthe ski area over the last five years, with
neatly  filled.extensive new lift systems being built
offering even more terrain, and several new
As the stigma attached to the formerapartment buildings going up. Unlike in
communist countries of Eastern Europe hasFrance, where a one bedroom apartment would
slowly disappeared, the stable politicalcost anywhere from 150,000 Euros upwards, ski
atmosphere and the booming investment in suchproperty in Bansko can be secured for around
countries has become very appealing to the40,000 Euros, and with an impressive 18 hole
British buyer. And let's not forget the skigolf course near by, apartments can offer
resorts themselves; though not quite as highinvestors  year  round  rental  potential.
or extensive as the Alps, the Rila Mountains
(which are part of the Balkans' highestAnd other Bulgarian ski resorts are following
range) rise to a very respectable 2925m andBansko's lead; Borovets, Bulgaria's oldest
offer numerous cosy villages and plenty ofwinter resort is the biggest and most modern
comfortable  accommodation.in the country. Situated in the Mousla ridge
of the Rila range it's seen new expansion of
At one time, Bulgaria was famed as a bargainthe lift system and new apartment
basement ski destination, with rickety liftsdevelopments.
from a bygone soviet era; it was cheap and
cheerful, but not somewhere that seriousPamporovo, one of the most modern ski resorts
skiers would visit. However, thein Bulgaria, is characterised by rounded
multi-million Euro investment in the countrymountains and wooded slopes, which make it
have put Bulgaria on the piste map as aideal for learners but more challenging
respectable destination for snow sportspistes do exist - such as the Giant Slalom
enthusiasts.run - and the resort's most difficult slope
"The Wall". Again, off plan studio or one/two
The clientele of the Bulgarian mountainsbedrooms apartments can be secured for
differs a little from those of the Alps; yousimilar prices to those in Bansko and
won't find many fur-clad ski-snobs (whoBorovets, which is much lower than in Western
rarely venture from their AnglicisedEurope.



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