Bulgaria's ski homes 50 per cent cheaper than 2008

Apartments in Bulgaria’s biggest ski resort are 50 per cent cheaper than 2008, according to the latest figures.

The report, from market analyst Bulgarian Properties, reveals that apartments in Bulgarian resort Bansko have halved in price over the past three years, attracting interest from buyers looking for affordable winter property.

In the first eight months of 2011, apartments in Bansko were sold at an average of 760 euros per square metre. But after a hefty 10 per cent price drop in May, the index value of Bansko property is now at 51.31 – almost half that of November 2008, when the index value was at a peak of 100.

The property bargains aren’t just limited to the Blagoevgrad region, though, with Bulgarian beach property also seeing major declines in prices over recent years. But Bansko is leading the way on the ski slopes, with other major resorts seeing only a 22 per cent decrease in house prices.

As the summer season ends and buyers begin to think of colder climates, Bulgaria continues to attract interest from property buyers. Following its rise to become a top ten world destination in August, Bulgaria is still at number eight in TheMoveChannel.com’s Top of the Props report for September.

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