Golf fans head for Bulgaria

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GOLF FANS HEAD FOR BULGARIA

Monday, 18 Feb 2008

The creation of new golfing facilities in Bulgaria may be likely to boost its appeal among overseas property investors.

According to AFP, the government in the eastern European country is keen to attract more affluent leisure travellers from overseas.

This has led to the creation of leisure attractions specifically aimed at this market, such as golf courses in desirable locations.

Kancho Stoychev, who is opening a golf course along the Black Sea Coast in June, said that this could be an "extremely important" means of attracting people with more disposable income.

He told AFP: "If a regular tourist usually spends about €50 to €100 a day, a golfer might spend €400 to €500 euros."

This would also create more demand for rental accommodation in Bulgaria, particularly in the top end of the housing market.

As a result, such a purchase could potentially be very lucrative for investors in popular golfing areas.

Meanwhile, the Novinite news agency has stated that the government will reveal its plans to boost golf in Bulgaria towards the end of next month.

Property Select offers a comprehensive selection of overseas property in Bulgaria, news, members club and reviews of the latest property developments.

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