Golf Resorts in Bulgaria Attract Investors & Property Buyers

the press, 23 Aug 2007

Golf is a favorite game for many people in Europe and this is proved by the fact that only in Scotland, Spain and France there are over 500 golf courses each.
Comparing this data with the situation in Bulgaria, we can indicate the availability of only three fully completed and going golf courses.



The first golf club opens in 2002, located in Itiman, 40 km. from Sofia.
Under the aegis of the Bulgarian Golf Federation the second golf course opens doors in the town of Sliven which is the largest one for now in Bulgaria and the third one is situated close to the small town of Elin Pelin.
Golf projects have been worked out in Balchik, Kavarna ,Sunny Beach, Bourgas, Dolna Banya and Razlog and soon they will count many in Bulgaria.



The perspectives in developing golf make the so called golf resorts more popular for the contractors in Bulgaria. The idea is to search for a combination between the game and the holiday in traditional (summer and winter) tourist destinations. This inevitably leads to price rise of properties, located in proximity to the golf courses and attracts solvent buyers. According to specialists, golf players are more willing to waste money than the rest of the tourists.
The availability of golf courses makes the region attractive for other investors too, which on the other hand reflects the prices of the land.

In the area of Razlog, where one of the biggest golf courses is being built up, the owners of agricultural land (ninth category) are selling the square meter for 30-50 EUR.

The Northern Black sea coast is the other big golf zone in Bulgaria. The three big golf courses projects direct the contractors' activity in the area around Balchik and Kavarna, where are projected or built numerous apartment complexes .Most of them are advertised for their vicinity to the future golf courses and the yacht equipment. It is stake also on attractions like rock-concerts in Kavarna, the nature reserves to the north, as well as local places of interest like the castle of the Romanian princess and the Botanic garden in Balchik.

Golf is one of the most developing sports in the world .It is sport for all ages and despite game, it is a way of life. Although in Bulgaria there are no traditions in this sport, the developing of the golf complexes and this type of tourism is forthcoming from now on.