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Prices in ski resort Bansko down with 50%
20.11.2009   Quest 18.11.2009

Positive property signals

Prices in ski resort Bansko down with 50%
The National Real Estate Association are reporting positive property signals
from the ski resorts in Bulgaria.
With the falls in prices during the last
year, interest is now increasing 'significantly', says the NREA. Both local
and foreign investors have expressed interest during the last month as
prices have dropped, making property in the Bulgarian ski resorts a
value-for-money price. The biggest fall in prices occurred in Bansko, the
most popular ski resort, where prices went down by some 50% in the global
downturn. Apartments in the town are now selling from 300 euros sq.m.,
unheard of in the last few years. The NREA added that they expected price
falls to slow significantly as there is less property coming onto the
market.


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