Demand for property in ski resorts remains weak
Sellers of holiday homes in Bansko are trying to attract buyers with very low prices, there already can buy a two-bedroom with an area of about 70 square living area of 15,900 euros, according to refer to property sites. Some 60 bids were the largest winter resort for apartments priced below 16,000 BGN (8 000 EUROS), according to statistics yet. The price of the square goes around three times cheaper than in a decent neighbourhood in the capital. According to construction experts, it does not cover the cost of construction of the property. Over the past two years many brokers hoped several years of decline in holiday homes to stop, but the decline albeit at a slower continues.
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More than 600 offers for sale
So far, the interest of Russians to invest in our resorts is not small, but it can not compensate Anglo-Irish invasion of buyers led to a boom in the segment before the crisis, writes “Monitor”. Total offer for sale of one-, two- and three in Bansko are more than 600. The rates for different property types usually vary quite widely. The most expensive two-bedroom as now sells for 120,000 euros, which is over 7.5 times more than the lowest price. The ad is for luxury property in a gated community. 13,000 euros is the minimum bid bedroom in Bansko now. It is undersized apartment of 49 square along with common areas located on the fifth floor. 5.6 times more money – 72,980 euros, is wanted for the most expensive property in the segment..
Other winter resorts in Bulgaria
The resort is currently looking for buyers for about 400 bedrooms. Large differences in the offers there and in other winter resorts. In Borovets for the cheapest one-bedroom asking for 25,100 euros, while the most expensive – 110 000. In the three-proposals range from 42,000 to 202,000 euros. The number of tenders in the Rila ski center is about much more than in Bansko. Similar is the situation in our third large ski resort – Pamporovo. There sellers of two-bedroom apartments want from 20,000 to 69,700 euros, and three-bedrooms – from 37,300 to 58,800 euros, according to statistics yet. Demand remains weak real estate market in ski resorts still remain under pressure from the relatively weak demand, resulting in prices there still fail to stabilize, according to an analysis of Bulgarian properties. It seems that the properties in the winter centers hardest will recover from the crisis, but it gives opportunities for bargains as prices are currently at their absolute minimum.
Property Market Forecasts
The market in our resorts will continue to be driven by Bulgarian and Russian buyers as they will be joined by customers from other countries who recently gave signs of growing interest in buying property in Bulgaria, according to forecasts of Realtors. Foreigners prefer property maintenance. Most foreigners decided to buy a home in some of the resorts prefer it to be in a building provided with support, says real estate agencies. Some of them even want the apartment to be cleaned regularly, even if you do not have a contract with a tour operator it is rented at a time when owners do not use it. According to brokers so greatly reduce the risks to property. In complex maintenance charge up to 8-10 euros per square per month, according familiar. Just to guard small building go 2-3 thousand BGN per month, say the companies for property management. Experts from the property sector advice when buying a holiday home in a gated community to seek entry into the contract what includes maintenance of the property if they offer this service. The lack of precise clauses in contracts of sale then always go expensive to buyers.