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Wednesday, October 10, 2007

Bulgarian Property Investment profits from ‘Super Borovets’ project

In a ‘ground breaking’ ceremony this week, performed by Georgi Parvanov, the President of Bulgaria turned the first piece of earth to the new development of ‘Super Borovets’, puts eastern Europe’s largest ski resort in the forefront for Bulgaria property investment.

The oldest ski resort in Bulgaria, in the Rila Mountains, is to receive a major facelift. Boasting one of the healthiest climates in Bulgaria, Borovets stands at 1,390 meters above sea level in stunning alpine forests. The resort’s winter ski tourism already has a long running season, and with the planned facilities, it will also cater for a long summer tourism trade.

The unrivalled location of Borovets places it way ahead in terms of accessibility, with only a 45-minute transfer time from Sofia International Airport. The beautiful town of Samokov is just 12 km down the road, with the capital city Sofia only 72 km away, reached in less than an hour and ideal for tourism, making Borovets a profitable location of Bulgaria property investment.

Following a recent announcement from budget airline easyJet, will open up in Bulgaria from 6 November this year, many investors are now flocking to the area to take advantage of property investment opportunities.

The Super Borovets Project will expand the current resort of Borovets, planning to turn it into one of the best resorts in the world. Since the announcement of the Super Borovets plan, property and land prices have risen sharply, but prices are still under 40% compared with some neighbouring countries. Rental yields and the long tourism season should also make Bulgaria property investment a very lucrative option.

The resort has long catered for foreign tourists of all ages for many years; boasting good infrastructure, 24 hour Mountain Rescue Service, Medical and Dental services all within the resort. Borovets itself is full of bars, cafes, restaurants, nightclubs and discos.

Bulgaria is now considered to be one of the greatest emerging markets for worldwide property investors and according to world officials; Bulgaria property investment boom is set to last.

For more information on Bulgarian property investment opportunities and to find out about Obelisk’s latest projects, contact:
Obelisk on 0808 1600670 or email info@obeliskinternational.com
Or visit our website http://www.obeliskinternational.com

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