Sun, Nov 08 2009
A project similar to Super Borovets will be the second major development in the region of Borovets mountain resort.
The tourism complex will be set up close to Maliovitsa, 24 Chassa daily reported. The zoning plan is currently drafted and will be finalised by May.
According to plans, the project will feature five tourism zones that will accommodate between 8000 and 10 000 tourists.
The complex will have 50 to 70km of ski tracks. Total investment will be calculated after the zoning plan is completed.
Investors said that the project will be set up in Borovets, as compared to Bansko the resort is underdeveloped. At the same time it is located close to Sofia.
Recently real estate agents said that Borovets will soon develop into a new winter tourism hotspot. The developed infrastructure, proximity to Sofia, favourable climate and opportunities for development of spa and eco-tourism make the resort attractive.
Agents said that since Super Borovets was announced, the price of property located nearby increased 30 to 40 per cent on an annual basis.
Samokov mayor Angel Nikolov said that Borovets will not be over-constructed like Bansko but will develop as a resort with its own ambience. Turning Borovets into super resort will be gradual, Nikolov said.
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.
About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.
Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.
The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total