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
Bulgaria’s capital has topped the European Best Destinations ranking, putting Sofia in the international spotlight as an exciting place to visit, live and invest in property.
Sofia has been named Europe’s Best City Break Destination for 2027, taking first place in the prestigious ranking by European Best Destinations.
The Bulgarian capital emerged as the...
Bulgaria's property market is entering a more balanced phase, with price growth slowing but no signs of a market crash. At the same time, the country's entry into the eurozone is creating new opportunities to attract international property buyers and investors. These were among the key messages shared by Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, during an inte...
We are entering the final quarter of the year – traditionally one of the most important periods for the property market.
Following the summer months, September brought the market back to its usual rhythm. Buyers are active again, sellers are moving ahead with their plans, and quality, correctly priced properties continue to find their new owners.
One of the key trend...
We are welcoming Autumn with encouraging signs from the Bulgarian property market! 🍂🏡
August, traditionally one of the quietest holiday months of the year, brought a noticeable increase in activity. The market once again demonstrated that when attractive properties are offered at the right price, buyers are ready to act and transactions can happen quickly.
