Call
Send Email
Messenger
WhatsApp
One Billion Euro Invested in Bansko
It has been calculated that in the last 5-6 years about 1 billion euros have been invested in Bulgaria’s winter resort of Bansko. The reason for the great development boom in the resort is the favorable investment climate the local authorities have created, the town’s Mayor Alexander Kravarov said. He added that when the developers are given good working conditions and receive the needed cooperation from the various institutions they do not have to be attracted as they come by themselves.
The projects on which the Municipality of Bansko is working are many. The main projects are related mostly to the development of the areas and the construction of roads, water mains, sewerage, dams for drinking and irrigation water. They are executed in Bansko but also in the neighboring town of Dobrinishte and the adjoining villages.
After the construction boom of immeasurable scale and the just about total exploitation of unoccupied plots of land the demand of properties in the municipality is at a standstill, Mayor Kravarov explained. He also said that this is quite normal due to the international market crisis.
“We depend on the policy of the banks, on the interest rates and on the granted loans,” the Mayor underscored. “The prices of the plots of land here are between 30 and 400 euro per square meter. Foreigners and big construction companies are the groups looking for investment possibilities at the moment. But it must be added that the small construction companies are also quite interested.”
Read more news
More News
Your experts in a fast-evolving Bulgarian property market!
June was an impressive month for the real estate market and a strong close to the first half of the year. Deals were finalized at a high pace, we opened a new office in Sunny Beach, launched operations in Shumen, appeared in national media, and reaffirmed our leading market position!
We are proud to present o...
Property prices in Sofia are still significantly lower than those in other European capitals
How will the property market in Bulgaria change after we join the eurozone? This is a key question for both property owners and those considering a purchase. Will prices rise? Will there be a slowdown? Should I buy, sell, or wait?
The experience of other countries shows that a...
We are pleased to announce starting operations in Shumen area, with which we continue to pursue our mission – to be present in every region of Bulgaria, providing you with professional service, security and full support in real estate transactions.
Our new regional representative for Shumen and the surrounding areas is Galina Kirilova – a licensed real estate appraiser...
New season, new office, same trusted team!
With the summer season upon us, we are pleased to announce that the BULGARIAN PROPERTIES office in Sunny Beach has moved to a new location!
Our team welcomes you in Trakia Apartments complex, on the ground floor - right opposite T Market store.
📅 The official opening took place on 7 June 2...
