Now Is the Time

To Invest in Property for Sale in Borovets

Property for sale in Borovets is attracting media attention because of the government’s official decision to aide in the development of the
"Super Borovets Project."

This project is a massive development of commercial and residential properties funded by private investors and supported by the government. Development includes new golf courses; gondola lifts, new ski pistes, hotels, walking and biking trails, and commercial and residential buildings.

The project will incorporate the town of Samokov and the large village of Beli Iskar and expand the current resort of Borovets into a year-round holiday destination. This 300-400 million euros project will commence in 2007 and is part of the ambitious plans to host the 2014 Winter Olympics. Because of the extensive amount of development that is in and around the Borovets area, property in Borovets is becoming a hot real estate item in Europe.

Borovets is the oldest and biggest ski resort in Bulgaria, situated on the northern slopes of the Rila Mountains, at the foot of the highest peak in the country, Moussala. Nestled among old pine forests, the resort was founded in 1896 as a hunting place for kings and gradually developed into a modern resort with luxury hotels, restaurants, and a superb network of ski runs with varying degrees of difficulty.

Borovet offers:

• mild wintertime temperatures
• convenient location
• regular bus service from all major communities

These are but a few reasons why property for sale in Borovets is highly sought and a great investment. The Borovets resort boasts 5 degree Celsius temperatures in the coldest month of the year. It is located near Sofia, the Bulgarian capital.

The whole area around Borovets is an excellent area for property investment of rental income and capital growth. Currently, it’s very difficult to find properties for sale in Borovets. The Bulgarian government has restricted development to certain land tracts for commercial and residential purposes, keeping the area exclusive.

The nearest places for investment are the surrounding villages of Govedartsi, Beli Iskar, Mala Tsurkva, and Raduil, where property values are increasing at a very fast rate. Ski property for sale in Borovets start from around EUR 40,000 for studio apartments and go up to EUR 152,000 for a four-bedroom family home with panoramic views and extensive gardens.

Planned development is opening up the markets. Investors that take the risk now will benefit from good capital growth in this region of Bulgaria.

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