Bulgarian Black Sea resorts property deals on the rise
Sofia Echo, 2007-05-11Just before the start of the summer season, the number of holiday properties on sale along Bulgaria's Black Sea rose sharply. In the northern summer resorts of Zlatni Pyasatsi (Golden Sands), St. Konstatin and Elena and Slunchev Den (Sunny Day) more than 250 one bedroom, two bedroom and three bedroom apartments were put on sale.
The number of holiday properties on offer in southern Black Sea resorts was 650, almost triple that in the north. Most offers were concentrated in Slunchev Bryag (Sunny Beach), St. Vlas and Elenite.
The average price of vacation apartments was 900 euro a sq m and the highest prices were 2500 euro.
Elements characterising properties on offer at higher prices include noiseless lifts, pools, green areas and all-year maintenance of the property.
Brokers say that a third of apartments now on offer belong to investors who bought them three or four years ago at prices from 600 to 800 euro a sq m.
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