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Vacation properties in Bulgaria in Q3 of 2015
We are witnessing a true Renaissance of the property markets in the Bulgarian ski resorts this year. This upsurge continued even during the summer season with an increased numbers of completed deals compared to the same period last year. Consequently, prices have stabilized and there are indications for a slight price increase for the first time in 7 years.
In the beach resorts the trends are not so positive as the property markets there had already switched to a higher gear with the Russian buyers in the period 2011-2014 – something that did not happen in the ski resorts. With the decrease of demand by Russian buyers the beach resorts and mostly Sunny Beach have been experiencing more difficult times.
It should be pointed out that there is a positive trend in the region to the North of Varna and to the South of Burgas – in Sozopol and Lozenets – in terms of increased interest and more completed deals with vacation properties.
An interesting characteristic of the vacation property market in Bulgaria at present is the diversity of buyers’ nationalities which is a prerequisite for a good future development at the property markets in the Bulgarian beach and ski resorts.
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