Dobrinishte resort gains ground on Bansko

18:33 Fri 15 Feb 2008 - www.propertywisebulgaria.com

Holiday villages with low construction density and extra services, such as spa centres, tennis courts and swimming pools, appear the most lucrative alternative to investors. Address real estate agents noted that 10 large-scale holiday projects are underway in Bansko.

Dobrinishte resort has been attracting investor and tourist interest in recent years. Some see it as an alternative to the front-runner Bansko because of its reduced construction and the ski zone just above the resort, which includes a 5 km long piste - starting from Bezbog chalet and passing by Gotse Delchev lodge – as well as a two-seat lift and a number of drag-lifts.

Address real estate agency analysts report a considerable interest in Dobrinishte over the last year. The resort offers the opportunity to develop active winter tourism and explore the mineral springs' potential. Plans are afoot to erect a large ski area in Dobrinishte, encompassing new ski-runs, tourist tracks and a hotel. Galchev Engineering Group Jsc and Norema tourist holding were chosen as developers of the 200 million leva project. The group vowed not to allow massive construction in the resort.

Although the town is still upstaged by Bansko, it is at the forefront of Lira Thermal’s ground-brеaking. It will be one of the largest holiday villages, covering a 18 000 sq m plot. The resort attracts purchasers with its lower prices for land and property.

Address real estate agents comment that Bansko, which has rapidly developed over the last few years, lost its momentum somewhat in 2007. Analysts believe that the resort has to raise the quality of its construction and attract more affluent clients because it is currently over-saturated with smaller buildings and apartments that appeal only to lower-income British clients.

** Average prices in euro a sq m

	Dobrinishte	Bansko
Apartments	no offers	1210
Houses	820 - squeezed supply	1048
Plots	87	167

Source: imoti.net

The Ministry of Agriculture and Food Supply reported that last year it has registered seven transactions for the sale of 22 000 sq m agricultural land in Dobrinishte at an average price of 57 euro a sq m. The corresponding figures for Bansko are: 68 deals, 196 000 sq m of agricultural land sold; 255 euro a sq m average price.

The purchased agricultural land was subsequently rezoned into plots for development.

Comments

Comments by Dianne Hatton - 23:27 15 Feb 2008
	Who, I ask Who, actually writes this crap. And more to the point, Who believes it. The bottom has completely dropped out of the Bulgarian market, Dobrinishte is going no-where fast. Nothing has been built in the last 12 months. Yes there was lots of interest but that was before the market crashed, and by landbuyers who are now stuck not knowing what to do. Investors have moved on, nothing will be built. This is pure crap dreamt up by sad agents trying to con the market by lying about the good times. Wake up. There are none. The investors are gone, ITS OVER !!!!!!!
Comments by Dianne Hatton - 23:50 15 Feb 2008
	In fact, it was so busy today that I nearly bumped into one of the other FIVE people on the slopes. Not bad for high season. Why don't you write something interesting, for instance, about the new parking restrictions in Bansko which means no-one can actually park anywhere and is just adding to tourists being driven away. Or more to the point, who owns the company that is making money from this scam. Or the ever increasing prices in the Bansko resort for amenities and food which is driving tourists away. I have spoken to at least 10 couples this week on holiday in Bansko and ALL said they weren't coming back.
Comments by Chris Handley - 15:05 06 Aug 2008
	I would not be quite so blunt as Deb, but I like many bought into the Lira Thermal complex which has stopped, and no one seems to actually know what is happening. Most of the investors have left the project. If you want to do some serious journalist work, do a full article on it, rather than a sales job, as people eventually learn the truth. Personally its a great place,a great complex, it there still building work going on? and the future is unknown?