Until recently Bulgarias ski resort of Bansko was almost entirely Bulgarian but now the resort is attracting increasing number of British property seekers, The Independent reported.
Foreigners were attracted by the cheap prices and the quality skiing and hiking opportunities the resort offered, The Independent reported.
According to the report British owned more than half of the houses and apartments in Bansko.
A vacation was not the only reason for British to seek property in the Bulgarian resort. Some of them were businessmen trying to relocate their activities to another country, the publication reported. Another reason for the relocation of British was retirement.
As a result the infrastructure and tourism industry in Bansko blossomed, the report said. More than 100 hotels operate in the resort.
Property prices increased over three times in the past three years. The number of apartments built and offered for sale also increased.
