05.02.2008 One Billion Euro Invested in Bansko
Vyara Newspaper, Vol.27, 02.02.08
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.”
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