Buy in the right Bansko ski property development
After the major success of phase one, the acclaimed £17 million Orchard development is releasing its second phase. One of the first developments in Bansko to offer aesthetic architecture and extensive amenities, luxury 500-apartment scheme, The Orchard is designed and developed by the award-winning Manhattan Loft Corporation, responsible for making ‘Friends-style’ living popular in Central London through a series of upmarket warehouse loft developments and are bringing their attention to development detail to Bansko.
Once ostracized and disregarded for many years, Bulgaria is in the midst of exciting times. Popularity of Bulgarian property in its holiday resorts is at an all time high and Bansko is now touted as Bulgaria’s premier ski resort attracting 30 per cent more visitors in 2006 than in 2005. Despite massive investment of £18 million Bansko has still managed to retain its mountain village charm, especially with the Old Town quarter, with 16th Century architecture. Often described as the new Andorra, Bansko has sparked much interest from Press and public alike.
Lying 105 miles south of Sofia, the up-and-coming Bansko ski resort sits in the foothills of the Pirin mountains like a work in progress. The current 3-hour drive from Sofia’s international airport is a temporary drawback with a new motorway link under construction along with plans for a new airport, to accept both charter and low-cost flights.
The investment-case stacks up well but on a long-term basis growth, the future potential for real estate capital appreciation is strong with plenty of scope for rapid growth and although no longer in the running for the 2014 Winter Olympics, Bansko has the necessary infrastructure in place to host such major ski events aiming to take its place alongside established European ski resorts. Says Robert Jenkin of marketing agent Bulgarian Dreams ‘This is down-to-earth skiing like it used to be.’
Property buyers seeking to invest in ski property are finding upon comparison with the overpriced French Alps, Bansko offers more for your money with spacious apartments closer to the skiing at a fraction of the price whilst family holiday makers also find their ski holiday budget stretches much further. Check out some rave reviews here.
Read on for more information about Bansko’s latest new release The Orchard Phase Two.
