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Brokers cheat foreign investors in Bansko ski resort
2008-02-06 12:00 News from FrogNews

Brokers mislead investors and speculate with the investments, planned by Bansko municipality. They announce early in advance what will be built in the resort to attract clients. This emerged at a meeting between British ambassador Steve Williams, vice ambassador Denise Baker and Bansko mayor Alexander Kravarov. Currently Brits own 2231 apartments in Bansko. 465 are registered for tourist activity.

The owners are being lied to – in order to certify ownership one must dispose of a document called Act 16, but they are usually issued Act 14. There are also speculations involving landscaping, waterworks and power supply. Foreigners are told that the municipality is responsible for providing these services, but in fact private entities are. Brokers assure buyers that they’ll get returns if they grant broker firms the right to manage their properties. This doesn’t happen and they often lose money. Mayor Kravarov said that he hopes a second cabin lift will attract investments in Bansko and the nearby resort of Dobrinishte. According to him the ski zone will no longer be enlarged. Only the “Cherna Mogila” ski run will be developed. This run will attract 2000-3000 skiers a day and enable the other ski areas to function better



This News is listed at news.Guide-Bulgaria.com

apartment for sale
apartment BanskoBansko
54 m2
€ 40000
house for sale
house OsenovoOsenovo
110 m2
€ 19500
apartment for sale
apartment BanskoBansko
56 m2
€ 34497

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

> 2011-08-15 Sofia planning to create new industrial park nearby defunct steel plant Kremikovtzi
> 2011-05-31 Greeks buy out properties in Bansko and Razlog now owned by British citizens
> 2011-05-09 Property agency, managing the properties of the BG Ministry of Foreign Affairs, will be restructured and then sold
> 2011-04-15 French hotel operator invests EUR 22 million in new hotel in Sofia
> 2011-03-01 New office complex with a Hilton Garden Inn hotel in Sofia in Q3 of 2011
> 2010-12-28 Bulgaria`s home property market likely to hit rock bottom in 2011
> 2010-12-20 BTC halts sales of large estates
> 2010-10-29 Bulgaria is at 44th position in property prices decline
> 2010-10-13 Housing prices in the Bulgarian capital Sofia have stabilised
> 2010-09-28 Changes in Real Estate Market in the capital Sofia
> 2010-09-15 Luxury apartment rental company acquired new building in the Iztok borough of Sofia
> 2010-08-31 Search of Bulgarian properties from Brits dropped dramatic
> 2010-08-31 Registered in Bulgaria Irish property firm is allegedly a pyramid scheme
> 2010-08-23 The most expensive Sofia properties
> 2010-08-19 2 skyscrapers could be built in Sofia Studentski Grad quarter
> 2010-08-17 Municipal Sofia Properties company declared BGN 248,000 profit for 2009
> 2010-06-22 A Project for ski and spa complex in Borovets resorts was freezed
> 2010-05-19 Investments in the real estate sector in Eastern Europe to be put on hold again in 2011
> 2010-05-13 Sopharma Imoti invests EUR 50 M in business complex in Sofia
> 2010-05-03 Winslow Gardens project in Sofa`s quarter of Manastirski livadi is resumed

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

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