Sat, Jul 04 2009
Bulgaria offers sport opportunities available in already well-known international sport centres. As a result more property seekers, interested in golf and ski resorts turn to the country, 999 Network reports.
Resorts in the country already offer quality golf courses and sport facilities. At the same time Black Sea developments give holiday real estate seekers the opportunity to enjoy coastal resorts.
Ski and golf lovers have the chance to practice both sports in the same Bulgarian resort, according to the publication. The Pirin Golf Country Club is located near Bansko ski resort and its winter sport facilities, the online publication reports.
Interest in Bansko is on the rise, with Bulgaria's application for Winter Olympics host in 2014. Bansko and Borovets in Bulgaria are becoming increasingly popular among skiers, thus also attracting property investment to the two regions.
These developments also seem to attract well-known athletes to Bulgarian property. One of Europe's all times best golfers Nick Faldo purchased two apartments in Sofia. Faldo said Bulgaria has significant growth potential, which attracted him to the country.
According to biography.ms Faldo has won six golf majors and has represented the European team 11 times. Faldo started his professional career in 1976 and one year later became the youngest participant in the Ryder Cup. Throughout his career Faldo won 30 European titles.
The project will be financed by the Bulgarian Bank for Development, and the Joint European Support for Sustainable Investment in City Areas, or Jessica Programme, although the report has so far failed to reveal the total cost of the vast enterprise.
The strategic plan envisages the conservation of the nature "for decades ahead", and it was formulated by a municipal team headed by professor Ivan Nikiforov, backed by Prime Minister Sergei Stanishev.
Once the overhaul and reconstruction of the Sofia–Vidin line is complete, it will cut travel time to three hours, as the train will be able to reach speeds of up to 160 km/h, shortening the journey to three hours.
Marriott however has made it clear that is not interested in investing in construction, but rather to occupy and manage existing buildings. Its strategy is to obtain management contracts.
Investors realise that it’s not viable to have a building remaining empty over the course of a year – so it's better for them to employ more flexibility to offset that loss.