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Bulgaria's former Tsar and Prime Minister Simeon Saxe-Coburg and his sister Maria Luisa are selling the royal residence in the town of Banya, near the town of Karlovo in central Bulgaria.
The new was reported Monday by the Bulgarian Trud (Labor) daily.
The property is listed for sale on the website of the Russian real estate company "Rossiyskiy Auktsionnoy Dom" (Russian Auction Home), and its price is EUR 2.5 M. The ad states that a total of 9500 square meters of land with buildings with a total area of 1000 square meters are available for sale. It is noted that the house is a monument of culture and its facade cannot be changed. Listed advantages of the property include the adjacent park whose trees were planted personally by Simeon's father, Tsar Boris III, and the house being located near mineral springs.
The notice further states that the house is habitable, has staff and Simeon visits it often.
Other Bulgarian property is listed on the same Russian site, including part of the assets of the shipyard in Burgas, projects for resorts, as well as a former military airport, according to "Trud"
The cost of housing in Bulgaria has surged dramatically in recent years
Rents in Sofia, Varna, and Burgas are seeing significant growth, but they remain among the most affordable in Europe
If Bulgaria adopts the euro in July 2025, property prices are expected to rise further
In the third quarter of 2024, housing prices in Bulgaria saw a notable rise of 16.5% compared to the same period last year
The real estate market in Sofia remains robust as the year draws to a close
Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend
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