Demand for Apartments from 20,000-40,000 EUR at the Seaside

Property sales in the summer resorts usually go up in the summer. This year there was a 20% increase in the number of property deals along the northern and southern Black Sea coast compared to summer 2009, BULGARIAN PROPERTIES reported for Profit.bg.
Apartments priced between 20,000 and 40,000 Euro are the most sought ones.

Buyers continue to be indecisive and view many properties before choosing, which means that deals are concluded only after a lengthy research.

The average price of the apartments sold in the last 3 months in the area of the resort of Sunny Beach is 38,000 euro. The average price of the sold apartments is 510 EUR/sq.m., as prices vary between 370 and 770 EUR/sq.m. Apartments close to Sunny beach and those that are unfurnished fall into the lower price category while those priced above 500 EUR/sq.m. are fully finished and furnished apartments in the resort.

This data shows that there is no change in the prices of sold properties along the seaside in the summer of 2010 compared to the previous summer and to the first two quarters of the year. There is an increase in the number of deals which is a good indicator for the increased dynamics in this segment that was significantly affected by the crisis.

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