Sat, May 26 2012
Bulgaria offers sport opportunities available in already well-known international sport centres. As a result more property seekers, interested in golf and ski resorts turn to the country, 999 Network reports.
Resorts in the country already offer quality golf courses and sport facilities. At the same time Black Sea developments give holiday real estate seekers the opportunity to enjoy coastal resorts.
Ski and golf lovers have the chance to practice both sports in the same Bulgarian resort, according to the publication. The Pirin Golf Country Club is located near Bansko ski resort and its winter sport facilities, the online publication reports.
Interest in Bansko is on the rise, with Bulgaria's application for Winter Olympics host in 2014. Bansko and Borovets in Bulgaria are becoming increasingly popular among skiers, thus also attracting property investment to the two regions.
These developments also seem to attract well-known athletes to Bulgarian property. One of Europe's all times best golfers Nick Faldo purchased two apartments in Sofia. Faldo said Bulgaria has significant growth potential, which attracted him to the country.
According to biography.ms Faldo has won six golf majors and has represented the European team 11 times. Faldo started his professional career in 1976 and one year later became the youngest participant in the Ryder Cup. Throughout his career Faldo won 30 European titles.
Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.
Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.
Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.