Snow lovers flock to Bulgaria

Thousands of snow-lovers are changing their holiday plans. Instead of visitng the more traditional Alpine resorts, many are choosing to switch to the Eastern European countries such as Bulgaria.

Many resorts in Austria, France and Switzerland have failed to see much snow this winter. Some snow has come so late that many resorts have been forced to shut, or change the type of activities they traditionally offered. In stark contrast, Bulgaria is in the perfect position with cold winds coming in from the North bringing lots of snow. Popular resorts are Borovets and Pamporovo and each receives about 15cm of snow every day. Tourism is at an all time high and it is predicted that by the end of the season, nearly 1 million tourists will have visited Bulgaria for it’s snow.

The increase in snow-seeking tourists could be a boon for investors looking for buy-to-let properties. The properties are still fairly cheap in most resorts with apartments starting at around £30,000. The average rental rate is €80 per night, and with tourism set to increase to record levels, a Bulgarian snow-covered property appears to be a superb investment opportunity.

The hot-spots in Bulgaria for 2007 are tipped to be Bankso, Pamporovo and Borovets. Borovets is the cheapest of the three resorts with a 1 bedroomed apartment costing around €50,000. Bansko has one and two bedroomed apartments around 200 metres from the main ski lift for around €65,000. This resort is particularly desirable as it has excellent amenities already in place therefore is one of the places predicted to be the place to be in 2007. Lastly, a one bedroomed apartment in Pamporovo, 500 metres away from a ski lift is also around €65,000.

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