Bulgarian ski resort Biorovets is ranked sixth in the list of Top 10 Places To Make Money From Property complied by Irish newspaper the Sunday Tribune.

The list is topped by Dubai. Borovets is preceded by Ibiza, the Polish Poznan, Toulouse in France and Geneva. Number seven to ten are Orlando (Florida), London, Hurgada (Egypt) and the Silver Coast.

The UN World Tourism Organization believes Bulgaria to be one of the most appealing 'new faces' in the tourism industry today and by 2010 expects 20 million tourists will be visiting the country per annum, says the Sunday Tribune.

As a result, inward investment has grown. According to Global Property Guide data Bulgaria had the fastest growing house prices in 2007 with a growth of 30.6%.

After two years of delays, one of the biggest projects to emerge is the Super Borovetz development in the lesser known ski resort of Borovetz.

And while Bulgaria isn't exactly known for its skiing it is fast positioning itself as a less expensive alternative to the more chic locations in France and Italy. Besides, what it lacks in facilities and machinery it more than makes up for in its ski season, a lengthy one which runs from December to April.