The Bulgarian property market

Despite a significant rise in Bulgarian property prices over the last few years, they still lag well behind those in the more developed European countries.

Investors in our Crystal Vale development will benefit from the continuing growth in the Bulgarian leisure/tourist market that echoes the general economy in Bulgaria. ABTA figures show that Bulgaria is the fastest growing tourist destination in Europe with over 350,000 British tourists in 2005, an increase of 36% on 2004. Whilst the majority are visiting the Black Sea coast in the Summer there has been a similar increase in Winter visitors to the ski resorts. Additionally, a recent survey by Barclays Bank suggested that some 66,000 Britons are intent on buying property in Bulgaria. This is borne out by the very considerable demand for properties in the Borovets area where demand is currently outstripping supply.

Taking prime position amongst Bulgarian properties for sale, Crystal Vale is located within the early development phase of the ‘Super Borovets’ scheme, so the scope for long-term capital growth is considerable. It takes maximum advantage of the widely anticipated rise in property values at Bulgarian ski resorts that will be driven by the increase in tourists from Western Europe, as this market becomes increasingly aware of the value for money that Bulgarian ski resorts offer when compared to the Alpine resorts.