Bansko Apartments Now Available at 50% of 2008 Prices

Apartments in Bansko, Bulgaria’s biggest and most popular ski resort, are now available to purchase at up to 50 percent less than in 2008, according to the latest data from leading real estate agent, Bulgarian Properties.

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The report reveals that apartments in Bansko have halved in price over the past three years, attracting interest from buyers looking for affordable winter property. In the first eight months of 2011, apartments in Bansko were sold at an average of 760 euros per square metre and the index value of Bansko property is now at 51.3 compared with that of November 2008, when the index value was at a peak of 100.

Bansko is leading the way on the ski slopes, with prices in Borovets and Pamporovo showing reductions of between 20 - 30%. And the property bargains are not limited only to the ski resorts. Bulgarian beach property has also been snapped up by astute buyers at the lowest prices the market has witnessed in recent years.

Having regained its position as a top ten world destination in August, Bulgaria is still at number eight in TheMoveChannel’s Top of the Props report for September and is continuing to attract growing interest from foreign property buyers.

As the summer season comes to an end, though, buyers begin to think of colder climates and, while the Alps will always remain a firm favourite for ski fanatics, they may face new competition from the Balkans. Bargain ski properties for sale in Bulgaria are now, once again, firmly on the 'must-see' agenda.