Initially Bulgaria attracted investors with the low prices but is now moving up in the international property market. Coastal resorts continue attracting the majority of buyers, the report said. Several major projects are carried out at the moment and promise to offer highest quality upon completion. Some new developments focus on golf and luxury property, The Independent reported. Investors that entered the country several years ago have seen high return rates. Buyers now are a bit more skeptical if the percentage remains just as high.
The supply of vacation property in Bulgarian winter resorts increased nearly four times within the past 18 months, Colliers International market research showed.
The 5* development Imperial Golf Club in the famous ski resort Bansko raises the prices from 1630 EUR/sq m. incl. VAT to 1800 EUR/sq m. on 2 April 2007.

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