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14° Plovdiv, Bulgaria

12° Varna, Bulgaria

12° Burgas, Bulgaria

BNB Fixing - November 20 2008

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Property prices up in Bulgaria's resorts, despite impressive supply

Vacation property in Bulgaria appears to be inexpensive for foreign buyers and for wealthier Bulgarians, which leads to further price increases.

Despite the construction boom and intense property offering prices remain high, 24 Chassa daily reported.

Property in Bansko winter resort and Sunny Beach coastal resort registered highest price increase percentage. Imot.bg reported that investors have to spend now 20 per cent more on property in the two regions as compared to values for January 2006.

Bansko is the winter resort that offers most property for sale. A number of investors have also turned to Pamporovo.

Investors were mostly interested in two-bedroom apartments. Nearly 200 such apartments are offered for sale in Bansko. Prices have reached 919 euro per sq m. The price of luxurious property exceeds 1000 euro per sq m.

Sunny Beach is the leading summer resort when it comes to increase in property prices. Supply there is also high, compared to the offers in other coastal resorts.

Property agents said that the vacation property market in 2007 would not witness major developments, as a number of investors are expected to get involved with the construction of spa centres.

January 2 2007, Photo courtesy of Bulgaria in EU Press Centre, Source: www.sofiaecho.com

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comments
Thursday, November 20 2008

Expat of the Week

mreynolds5000

Living in Sofia and trying to learn Bulgarian...well truthfully, I am not trying very hard. read more

What`s on in Bulgaria

Art

  • GONE WITH TIME
    What: Rada Tsankova has chosen this title for her solo exhibition because her paintings pose the following question: Are we the ones who go through time, or does time pass through us? It’s an eternal question and the discussion is intimate.
    When: Until November 20
    Where: Rakursi,4a Khan Kroum Str, Sofia
  • NEW YORK-BRUSSELS-SOFIA
    What: In Edmond Demirdjian's paintings the dynamics are evident as well as the unique rhythm of his colours that succeed in conveying the intensity of New York.
    When: Until November 28
    Where: Edmond Atelier,21 13-I March Str, Sofia

Live Music

  • HAGGARD and EXCITER in METAL MAYHEM
    What: For the first time in Bulgaria the symphonic thrash metal band from Germany, Haggard and the legendary Canadian outfit Exciter will hit the stage together. They will be joined by Remember Twilight and Balkanjii.
    When: November 20, 6pm
    Where: Blue Box club, Sofia
  • TEREN Music Parties
    What: Elements of Feelme Crew have been very active on the musical Tereni and there will be a lot more from them in the future. Teren (which translates into English as terrain) is Bulgarian slang for a house party.
    When: November 22, 10pm
    Where: Party Centre 4KM, Sofia
  • AL Di MEOLA QUARTET - NEW WORLD SINFONIA TOUR 2008
    What: The 2008 World Tour by guitar virtuoso Al Di Media and his quarter New World Sinfonia will culminate with two performances in Bulgaria.
    When: November 22 and 23
    Where: Plovdiv and Rousse
  • MIZIA: THE LISBON SONG (JAZZ)
    What: In her latest project, Susana Maria, aka Mizia, has returned to classical fado - the nostalgic, heartbreaking soulful sounds of the Portuguese capital’s dimmed and noisy taverns.
    When: November 29
    Where: Bulgaria Hall, Sofia