Prices of Bansko Apartments with Over 40% Decrease in 2009

investor.bg, 20.01.2010

The average prices of the apartments sold in the resort of Bansko in 2009 is 38,700 Euro compared to the 66,000 Euro in 2008 the result being a 41% decrease on an annual basis, the data from BULGARIAN PROPERTIES’ annual property report shows. The data is based on the company’s concluded deals with Bulgarian and foreign clients. Therefore, one can find a holiday home in Bansko at a good price – about 650 Euro/sq.m. on average.

From the end of 2009 the resort of Pamporovo also offers prices from 500 Euro/sq.m. while the prices in Borovets have not decreased by more than 10-15% to an average of 1,400 Euro/sq.m. Due to the low interest in both resorts and the lack of actual deals in 2009 it is difficult to make a comparison to 2008, the company adds.

Seaside Resorts

The average price of the purchased apartments in the southern Black Sea resorts in 2009 was 50,000 Euro while in 2008 it was 82,000 Euro – making the annual decrease 40%. The average prices of the apartments sold in the area of Sunny Beach in 2009 was 660 Euro/sq.m. and in Sveti Vlas – about 1,000 Euro/sq.m.

In Sozopol prices remained higher compared to those in Sunny Beach and the surrounding areas which is the reason for the lower interest. The average price of the apartments sold in Sozopol was 1,100 Euro/sq.m.

In Golden Sands the apartments in developments with a unique location were sold at a price similar to that in 2008 - about 2,200 Euro/sq.m. Properties set further from the beach in the resort were sold at prices from 700 to 1,400 Euro/sq.m.

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