net Ltd is developing four projects here, and only two in Bansko. I've heard developers claim that 90% of their apartments are sold within 3 weeks! I only hope that we have such luck when ours are released in April!'In this respect Borovets, again, is different.BulgariaProperties. There's often no inner staircase to the bedrooms, no bathroom, and the toilet is in a shed in the garden. for a ground-floor unit facing away from the mountains, to 1,350 Euros per sq.Mountain and ski areas will be represented by a golf course in the ski town of Bansko this year, and a very large golf complex between Kostenets and Borovets, the country's foremost ski resort. It's a dead as a doornail. As a result, the prices for such apartments range from 1,000 Euros per sq.There are several Bulgarian agencies willing to manage your rental properties for you.'Rents vary greatly, and depend on many factors, most of which should be obvious: location, size, view, amenities. These exist all over Bulgaria, the most significant being at Narechen, south of Plovdiv, and Momin Prohod, near Kostenets. Bansko is an old, traditional residential town with lots of character and no fewer than 180 quaint taverns full of local people singing and dancing to a typical Bulgarian folk band. If it is not, you still have a market for east Europeans, who tolerate less salubrious surroundings because they pay much less, usually about half of the west European rates. Expect to pay about 20% of the rent as a fee. To appeal to west Europeans, and to command the highest rents, your property must be well finished and appointed, and be in tip-top condition."How does a mountain area investment compare with coastal properties?"Significant differences yet again.net. These are located at Ihtiman, opened in 2000, 40km from Sofia, and at Sliven, opened in 2004, 90km from the Black Sea. I reckon that Pamporovo is a good long-term prospect; say five to ten years.net Ltd has no developments here is because I'll probably have retired before the boom happens. By November it was sold at an 80% profit - after all costs were deducted!'I am personally of the opinion that the 'Bansko effect' could strike around Borovets at any moment. Borovets, by contrast, is purely a resort, with hotels, modern west European-style bars and night-clubs, caf\u00e9s and restaurants. One of Bulgaria's major motorway routes to Greece will pass very close to Pamporovo, and this should boost its popularity, as well as making the Mediterranean Sea more accessible. When I discussed the subject with the Chairman of the Bulgarian Foreign Investment Agency last year - an extremely intelligent and able young man, I must add - he told me in no uncertain terms that he did not want the south to become like the north. This is scheduled for 2007, the year of Bulgaria's entry into the European Union, and will be located at Dolna Banya, already near Bulgaria's first golf course at Ihtiman.Because of the increasingly rapid rise in foreign interest in Bulgaria recently, several more golf courses are proposed.The phenomenal interest in Bulgarian property shown by shrewd buyers during the last two years has been compounded by a sudden surge in golf course development. This kind of property is great for buyers who want to get away from their homeland, and disappear in the beauty of nature permanently. I guess, because a 1 bedroom 60sq. That's the reason why BulgariaProperties. The flavour of the month is gated communities, particularly in the south of the city." So, prospective property purchasers need to bear this in mind, and balance their desire for more capital growth, or their willingness to accept less, with the different rental market appeal of the two regions, along with their own taste in holidays. And this trend shows no sign of abating. Its distance from Sofia (a day's drive) makes it less attractive to visitors from north and west Europe. It's also very polluted, although they are trying to clean up their act, ready for EU entry in 2007. Now that the north is saturated with developments, the interest has begun to creep down the coast. They are still lower than those in the north, but the gap is closing.'Don't expect, though, the ambience of the south to become like that of the north. It therefore bridges the gap between business and tourism, as far as rentals are concerned.net Ltd, said, "It may sound like a China Custom Disc hub core Powder Metal Parts for sale clich\u00e9, but we really were in the right place at the right time! After two years in this business, I just couldn't believe my luck to find such a gem.'As for property values, Bansko went mad for a period of three months at the end of 2003, with land prices doubling, and then calmed down. I don't, however, expect this monopoly to last for long. The entire coast simply shuts down in the winter, and nothing happens. Although it's Bulgaria's first and best-known ski resort, it stagnated for years\u2026 until now. An investment in the south should therefore offer a better ROI. You can pick up property very cheaply indeed in the inland areas, away from the resorts. We can sell these apartments about 15% cheaper - at the moment, anyway.net Ltd web site www. More are scheduled to open in the next few years: two at Kavarna and one at Primorsko, near Sozopol.net, or call the company at +44 (0)871 226 2296 to order a free 28-page hand-out, or just for a chat, if you prefer.Steve Avery, a Director of BulgariaProperties. This has already started to affect property values in the surrounding areas. One of these will be located at Razgrad, in the north-east, about 90km from the Black Sea. There is a ready demand for luxury accommodation from diplomatic staff and executives seconded by foreign companies, usually on a long-term basis, and this demand should increase as 2007, the year of Bulgaria's accession to the European Union, approaches. Therefore, rental income can be fairly assured for 15 weeks, possibly 20, plus some odd bits in the shoulder seasons of April and October. The amenities on site are to include tennis, volleyball, squash, badminton, lawn bowls, boules (boccia), shooting, archery, croquet, mountain biking, and fishing nearby.BulgariaProperties. Yet, people buy them. The coast has a five-month season from May to September, compared to nine months in the ski areas. It has a quaint old town, as well as modern business districts. Not if you consider the effort involved.'Plovdiv, the country's second city, is much more pleasant. The city itself is beautiful, and it has everything a townie needs."What about properties in the countryside?"Not a serious contender in the ROI stakes, I think.. Most people don't know that it freezes on the coast in winter. The only reason why BulgariaProperties. It is, however, popular with Greeks, because of its proximity to the frontier. apartment for \u00a341,000 is still a far better deal than you'd get in Spain. Borovets must surely offer a better return on investment, regardless of the type of property bought: land, a shack, whatever. The standard of finish and the condition of the property can also determine your market quite radically.'There's one more thing which is important enough to mention: Mineral baths.'Property values are lower here than in Bansko and Borovets, but are creeping up gradually. As a business, it could appeal to self-builders or DIY enthusiasts, prepared to do it for fun, and accept a low return on their financial and physical investment. Nothing wrong with that, I say. To give an example, in March 2004 we bought, unseen, a half-acre plot in a village 15km from Borovets. Plovdiv is connected to Sofia by an excellent motorway, on which you can keep the pedal to the metal, if you're prepared to risk an on-the-spot fine of 50 Leva (about \u00a318)."On Borovets and Bansko generally, Steve had this to say: "Apart from having ski lifts and ski runs, these two towns are quite different from each other, and appeal to different groups of people. Almost always it'll need some kind of work; anything from a face-lift to demolition. You couldn't really make a good living from rentals, but it's the perfect place to retire to. Residential property and holiday homes are therefore readily available in Bansko, but not in Borovets, where the closest you can get is usually in one of the surrounding villages.'There's virtually no market for tourist rentals in Sofia, as it's probably the least interesting European capital city. Until recently, most of the investment was flooding into the northern Black Sea coast resorts, from Varna down to Sunny Beach. Since then values have been pretty steady there until now, when they're starting to creep up again. As far as we know, BulgariaProperties. Any property near a spa should attract a premium to its sales or rental value. Scientific studies rank Bulgaria among the foremost in Europe for hydrothermal, bioclimatic and mud treatments, sea cures and other health resources.'Veliko Tarnovo is probably Bulgaria's most touristic city, with its citadel and mediaeval ramparts. This is causing a steep rise in property values. As for rental income, forget it!"And the cities?"Again, there are differences, even between cities. Anyone involved in this project should make a serious return on their investment. for a top-floor example with a mountain view. Many poor goatherders suddenly found that they were rich. These rates should increase gradually, as the Government programmes to make the ski towns more popular for summer holidays make their mark. The area became very popular as a result of the Bulgarian government's 'Bulgaria the Beautiful' TV campaign back in the '80s, and the subsequent interest of package tour operators.net Ltd has purchased almost 6 acres of prime development land adjacent to the proposed golf course at Dolna Banya.'There is one highly significant factor, however, which very often goes unnoticed until it is too late; and it applies to the whole coast.'Bulgaria's third ski region is at Pamporovo, which, like Borovets, is purely a resort. His very words were: "We don't want another Benidorm.m. The prime city is, of course, Sofia, the capital. Remember that you also have about four months' additional rent, though at lower rates, during the summer in the mountains. The reason for this is that the sudden surge in foreign tourists to Bansko has left the supply of holiday accommodation woefully short of the demand. They always have time for you. Although you should expect to pay high for such properties by Bulgarian standards, it's still only the price of a tarted-up Victorian terraced flat in a UK provincial town. Drive a short distance, and you're in some wonderful countryside.At the present time there are only three golf courses in the whole of Bulgaria: one at Elin Pelin, near the capital, Sofia, and two owned by Air Sofia. Bulgaria is a world leader with its exceptional diversity of medicinal herbs and the excellent curative properties of its apian products.m. Most people who buy property here do so to make it their main home. When I visited it, I discovered that it wasn't suitable for building apartments; so, I put it on the market in August. Indoor facilities will include a 140-seat main restaurant and cabaret stage, a huge main bar (perhaps the largest in Bulgaria), a sports bar with projection TV, snooker, pool, table football, table tennis, a Chinese restaurant, Indian restaurant, fast food cafeteria, pizzeria, gymnasium, sauna, massage parlour, clinic, chemist, sports shop and minimarket. To try to cope with it, there have sprung up many hotels and apartment projects, but it seems unlikely that even these will be able to satisfy the demand for accommodation for several years yet. The 'Super Borovets' project, funded by EU, governmental, foreign and local business sources, is scheduled to run from 2005 to 2009, and will revitalise the whole region around the town to a radius of 10-12km. Buy the right apartment here, in the right area, and you can expect a guaranteed rental return of about 12% per annum. When they see the coastal resorts basking in the hot summer sunshine, it's difficult to imagine snow on the ground. The diplomatic residential district of Vitosha is one of the best bets. The plans are to construct about 220 apartments around a comprehensive sports complex, with access to the golf course by a short footpath.net Ltd is the only developer building them. Funding is starting to come in, but full development, if it happens at all, is likely to follow several years behind Borovets.m.'Generally, summer rental rates on the coast equate to winter rates in the ski resorts, both seasons being about five months.