Shocker: Bulgaria Drops from UK Tourists' Cheapest Summer Spots List
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
The 4-star hotel "Orpheus" in Bulgaria's winter resort Pamporovo continues to accept reservations from tourists, although it should be empty because it had been listed at a public auction.
The tender was announced on December 20 and stems from owners staggering debt to banks. It is listed for the price of EUR 11 734 980.
A week after the announcement, employees of a security company have been sent to the building to free the property. However, they found nearly 100 tourists who witnessed the violent disputes.
Despite the troubles, the hotel, which has 460 beds and is owned by the Plovdiv company "Orpheus 2002," continues to take new vacationers.
For the first 2 weeks of the year, "Orpheus" expects 430 foreigners, writes Bulgaria's "Monitor" daily.
The "fate" of those who have already arrived and those who are expected to come is not yet clear.
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New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022