0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

Vacation Homes in Bulgaria in 2022 - a new chapter for this market segment

2022-08-08   |  Polina Stoykova MRICS, Managing Director and Head of Research of BULGARIAN PROPERTIES

Vacation homes in Bulgaria both in the sea and mountain resorts are going through a real boom in demand.

One of the reasons for this is the COVID-19 pandemic and the increased need for a private place for retreat outside the big city (which also brought up the interest to rural houses).

Another reason came from the ability to work remotely, which turned some vacation properties into long-term residences.

And last but not least, inflation made people invest in safe assets like real estate. And vacation homes are very suitable for this purpose, since they do not require very large budgets. Currently, the most sought-after holiday homes vary between €30,000 and €50,000, making them accessible to a wide range of loacal and goreign buyers. In addition, they can be rented out and generate income or at least cover their expenses.

In result of all this, a completely new chapter in the development of this long underestimated segment of the market has now started. A lack of quality offers has been felt since last year and prices have gone up - for the first time in about 10 years.

Sales Volumes

Registry Agency data backs up these observations, showing that amid slowing sales growth in the big cities, transaction volumes in the Bulgarian resorts are seeing staggering growth, turning some of the holiday settlements into leaders in property transaction growth.

Examples of this are Nessebar with nearly 90% growth in the second quarter of 2022, Tsarevo and Smolyan - with 34% each, Balchik - 30%, Pomorie - 17%.

Prices of Vacation Properties

The average price in Sunny Beach, based on real transactions according to BULGARIAN PROPERTIES data, reached 580 Euros/sq.m. in the second quarter of 2022. These are levels close to those from the time of the Russian boom in 2013-2014. The growth is about 100 Euros/sq.m. or by 20% compared to a year earlier.

The same can be seen in the purchase budgets - while a year ago for a 1-bed apartment, between 30,000 and 40,000 Euros were needed, now the prices are about 10,000 Euros higher - 40,000 - 50,000 Euros.

The situation is similar in the ski resorts of Bansko and Pamporovo. The average price of properties there also reached 580 Euros/sq.m. in the second quarter of 2022, and the price increases are 20% and 25%, respectively.

Borovets is the most expensive among the mountain resorts - the average price there is around 850 Euros/sq.m, and the increase is just over 4%.

Sozopol leads in prices in the beach resorts with an average price of 1,030 Euros/sq.m. and an annual growth of about 10%.

To the north, Byala and Kavarna attract a particularly big interest. The average prices there in the second quarter were 670 Euros/sq.m. and 650 euros/sq.m. respectively, and the growth - between 15% and 20%.

View our properties in the beach resorts

Check the offers in the ski resorts

List your property for sale with us! Offices throughout Bulgaria!

Online valuation - check how much is your property worth in this booming market


Share
Rural Houses in Bulgaria - wonderful in every season!
A real peace of heaven in the Bulgarian countryside! Your own holiday home in a magic world hidden from the stress and the noise of urban life.

Join us on a journey back to nature!
See More
Central Park - the best-selling new development in Sofia in 2024!
Homes for sale in one of the largest new construction developments in Sofia!

A unique gated complex recreating the style and atmosphere of New York's Central Park. Modern buildings, space, greenery and breathtaking views! A future icon of the Bulgarian capital that will bring a new standard for quality of life. Choose your home now - big choice and attractive prices!
See More

More News

latest news
Holiday property - dream or burden? What you don't know about the maintenance fee

Owning a holiday property in a beach or ski resort in Bulgaria is a dream come true for many. But with time, some owners begin to feel that the maintenance of such a property requires not only time and attention, but also a stable budget. The mandatory maintenance fee often proves to be a key factor in deciding whether to keep or sell their property.




In this ...

16 April, 2025
latest news
Sofia and Burgas start the year with historic peak of property transactions

Completed property transactions in Sofia and Burgas in the first quarter of this year are at their highest level in at least 20 years, as long as data are available on the website of the Registry Agency. In Sofia they crossed the 8,000 transactions threshold in the first quarter for only the second time since 2005. The first time this happened was in 2008, which was followed by a pro...

07 April, 2025
Company news
BULGARIAN PROPERTIES Agents of April 2025 🏆

Spring brought even more energy and success to the property market, and our Agents of the Month were right at the center of it all!

With their knowledge, dedication, and professionalism, they helped hundreds of clients take the next step – whether it was buying a new home, investing in real estate, or selling their property at the best terms.

If you're looking for th...

02 April, 2025
Company news
BULGARIAN PROPERTIES Agents of March 2025 🏆

February matched the success of January, and the real estate market in Bulgaria remains at its peak! Deals were closed across all segments – from new developments in Sofia and major cities to coastal and ski properties, as well as rural houses in preparation for the spring-summer season.

Today, we proudly present the Agents of the Month for March – the top professionals at BULGARIAN...

05 March, 2025

REQUEST DETAILS