Friday, March 30th, 2007
Property investors discover Bulgaria’s spa tourism
Massive construction in ski and coastal resorts in Bulgaria is about to end as investors show increasing interest in other types of projects. Increasing number of investors turn their attention to spa resorts. The first spa projects are already carried out in the regions of Dobrinishte, Banya, Sandanski and Velingrad.
Agents said that such projects offered year-round tourism opportunities and proved to be more beneficial. Velingrad saw various developments. Spa Club Bor and Spa Complex St Spas are nearing their completion. The first project will be finalised in April and the second one is to start functioning in 2008.
In the beginning of 2005 spa property in Velingrad was worth 900 euro per sq m. Prices increased to 1600 euro per sq m in the beginning of 2007. Investors discovered Bulgaria’s spa tourism potential relatively late, agents said. The reason is that the majority of investors who launched such projects were previously involved in coastal and ski resort construction.
Pari newspaper
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