Bulgaria Real Estate

Super Perelik 255 million EUR investment

The main purpose of the grant project, called “Super Perelik” is to connect Perelik peak in Pamporovo with the Mechi Chal peak near Chepelare. The realization of the project will transform the Rodopi Mountain into leading tourism centre.

The project plans to invest 255 million EUR in the construction of 50 ski pistes, 24 lifts and artificial snow equipment. New hotels and park places will be built and a golf course is projected.

The total length of the ski pistes in Pamporovo at the moment is 18 km and is planned to be prolonged with new 29, 8 km. The number of beds in the resort will be increased with 8000.

Chepelare has 12 km pistes. The project plans to invest in another 27km- 12km lifts and 15km ski run pistes and biathlon. The existing base of 1200 beds will be tripled and a stadium will be built.

Bulgaria Property Investment Agency will assist “Super Perelik” project and will invest in the improvement of the regional infrastructure. An airport near Smolyan will be constructed and 100km highway will connect the resort with Trakiya Highway.

Due to “Super Perelik” project is expected a 40% increase in the tourist numbers for the next season.
The investment for the mega ski complex amounts to 255 million EUR and will be financed via the stock exchange. Bulgarian as well as foreign investors have shown their interest in the project.

Bulgaria Property for sale – Bulgariareals.com

Expects predict property boom in Bulgaria

The Bulgarian property experts Rob and Chris Downham at the Simpli group predict significant rise in the property prices by over 70 % over the next five years due to the country`s entrance in the European union.

According to Chris Downham more and more British people are looking to buy Property in bulgaria because of the beautiful nature and low prices. Another reason is the further EU investment in the region, which is expected to be huger compared to the fund received by any other previous accession country.

Rob Downham gives Spain as an example- for 20 years EU membership the property prices in the country have risen about 800 %. He added that Bulgaria is great investment opportunity, because of the expanding economy and the rapidly tourism growth.

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