Call
Send Email
Messenger
WhatsApp
Prices of Sunny Beach Apartments 50% Lower Compared to Peak Values in 2008
BULGARIAN PROPERTIES’ index of the listing prices of apartments in Bulgaria’s biggest seaside resort – Sunny Beach – shows that at present prices of holiday apartments there are 50% lower compared to their peak values in 2008.
With index value of 100 in December 2008 in July 2011 it is already 51.29 which shows an almost 50% decrease in the listing prices compared to their highest value in 2008. The drop in apartment prices based on actually concluded deals is similar – 54%. In the last few months there is a trend of price stabilization and an increase in the number of deals with apartments in Sunny Beach which shows that the local market has reached a balance point in the present market and economic conditions.
In the first seven months of 2011 apartments in Sunny Beach – shows that at present prices of holiday apartments were offered at an average price of 768 EUR/sq.m. or 53,000 Euro. To compare, based on actual concluded deals, average prices of Sunny Beach apartments are 515 EUR/sq.m. or 34,900 Euro. This shows that there is still a gap between the listing prices and the prices at which deals are concluded but also that it is mainly apartments in the lowest price segment that are purchased in Sunny Beach, while there is supply in various price segments between 400 and 1,000 EUR/sq.m.
The graphics show that the listing prices and the prices of actual concluded deals were the same in 2008, before the crisis. In 2009 the listing prices in the beach resort fell by about 20% (with a 40% drop based on actual concluded deals), there was an additional drop of 10% in the listing prices in 2010 (with an almost 20% drop based on actual concluded deals) and in 2011 prices remain stable and there are more deals in the resort which is very popular among Russian property buyers.
Sunny Beach and the region play a leading role in the dynamics of the property market, especially regarding the holiday home sector. A highlight in the BULGARIAN PROPERTIES’ market analysis of 2Q 2011 was the more sales in and around Sunny Beach and the fact that 95% of the deals in this region are concluded with Russian buyers. The low prices, the big supply and the flexibility of the sellers in terms of property prices makes the area of Sunny Beach an attractive place to buy and the present moment – the perfect time to strike a bargain.
Book a viewing trip in Sunny Beach or call us on +359 886 088 088
Read our analysis of the Bulgarian property market for 2Q 2011
---
Copyright: 2011 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2011.
More News
The first months of 2026, following Bulgaria’s accession to the eurozone, outline a new dynamic in the residential property market. After the record activity in 2025, when many buyers accelerated their decisions in anticipation of the introduction of the euro, the market is gradually beginning to return to a more moderate and sustainable pace.
Although official statistics for the e...
Spring is approaching, and we continue the year with confidence and professionalism!
February confirmed the trend toward a more balanced and sustainable real estate market In Bulgaria after eurozone accession. Activity remains stable, negotiations are more thoughtful, and transactions are well-structured and carefully prepared.
In this environment, our Agents of the ...
On February 24, 2026, the Inter Expo Center in Sofia hosted the first edition of the Real Estate Business Forum for the year, organized by Imoti.net. The event brought together leading experts, managers, and professionals from the real estate sector to discuss the future of the industry, the role of technology, and the changing working environment for agencies.
Among the participant...
Bulgaria’s entry into the Eurozone marks a defining moment for the country’s real estate sector. The adoption of the euro is no longer an expectation but a reality, and its impact is already visible across residential and investment markets. Greater transparency, improved confidence, and deeper integration with European financial systems are reshaping how property is priced, financed, and perceive...
