The property market in Bansko is no where near the level it was at a few years ago when the market was booming & new developments were springing up on a weekly basis. However, that doesn’t mean to say that no one is buying there at the present time, just that sales have slowed down from the un precedented levels they were at.
Bansko was a boom town for a few years as buyers from all over the world rushed to purchase their own piece of real estate in this picturesque ski resort. This pushed prices up fairly quickly which meant a reduction in rental yields & less potential for capital growth.
Bulgaria has suffered the effects of an economic slowdown & seen prices for property fall, making it a very <strong>good time to buy</strong>. The worldwide recession has meant that the building of new developments has dwindled or even stopped in some cases making the acquisition of a key ready property much more attractive.
It is a <strong>buyers market</strong> at present & there are some real bargains to be had as some owners want a return on their investment & in some cases are prepared to take a cut from the original purchase price to recoup some cash.
Now is the time for <strong>smart investors</strong> to get their foot on the Bansko property ladder. It is always better to buy when the market is at the lowest point as the only way to go is up!
Reasons to buy a re-sale property in Bansko:
- Established ski & summer resort
- Good potential rental yield
- Prices low – potential for capital growth
- Minimum risk – development complete
- Ready to use immediately
Please browse our selection of re-sale properties & contact us if you would like any further details. We are also available for viewings if you would like to visit Bansko for a look around before making a purchase.