The Villages Around the Resorts in Bulgaria Attract with Cheap Properties

Business » PROPERTIES | May 30, 2018, Wednesday // 13:46
Bulgaria: The Villages Around the Resorts in Bulgaria Attract with Cheap Properties AskBeach

It is natural for the villages near the big resorts to attract the interest of the buyers with their low prices. This is what the Executive Director of Bulgarian Property Agency Polina Stoykova said.

"There are many constructions around Sunny Beach to Kosharitsa, Tankovo, where closed complexes of houses or small complexes with blocks have been built, and over the years they have attracted little interest because the prices are very good - they can be around 300-350 euro per square meter. In Bansko, around the golf, there are offer prices for nearly 200-250 euros per square meter, and in Borovets is similar - about 350 euros per square meter. Sometimes the prices in the satellite settlements, which are 10-15 km away from the main attraction of the resort, can to be lower by 40-50%, "she said.

This year's trends are to boost the interest in the sea properties and this is expected to happen mainly because of Bulgarian buyers.

This is a process that has been going on for the past 1-2 years, but in the summer we may see its materialization as the Bulgarians searched, observed at last summer and now they will be more interested in the properties of the sea. Statistics from the Registry Agency may be noted that after the withdrawal of the Russians, transactions have fallen in the sea properties for 2-3 years. Since the end of last year, the decline has already ceased and in the first quarter, there is an increasing interest in Nessebar's properties, which includes the Sunny Beach area, 26% on an annual basis compared to the first quarter of 2017, "Stoykova told Bloomberg TV Bulgaria.

According to the expert, a similar process has been taking place in ski resorts since the middle of last year.

"We saw the increased interest in Bansko, Razlog, Samokov, and Smolyan. All three registration offices reported a growth that we see now continue to the sea. "

Traditionally, from the summer resorts still remains the interest in buying properties in Sunny Beach and the southern resorts and from winter resorts - Borovets, where the supply is already exhausted.

"Less offers go on the market and the price is rising accordingly. For the first three months of the year, the price exceeded 700 euros per square meter. "

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