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Bulgaria property boom has environmental cost

Date: 30.10.2007

The citizens of Bansko, a ski resort in Bulgaria's Pirin mountains, are selling their land with gusto to buy fancy cars and replace communist-era furniture, cited by Reuters.

The same is true of other mountain resorts, as well as Bulgaria's Black Sea coast, as foreigners snap up cheap second homes, sending the price of resort and farming land to 250 euros a square metre from just 20 euros five years ago.

But this growth comes at a cost. The once idyllic little town with cobblestone streets and traditional architecture, which in the 1980s was popular among skiiers and hikers from the former Soviet bloc, has changed beyond recognition.

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