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

Finished Holiday Properties in Bulgaria for as Little as €300 per sq.m.

2010-06-09   |  BULGARIAN PROPERTIES

The Bulgarian seaside and ski resorts are full of offers for cheap properties. The prices of finished and in some cases furnished apartments start from just 300-350 EUR/sq.m., real estate agents say.

“The deals in the resorts are mainly concluded at prices between 350 and 700 EUR/sq.m.”, BULGARIAN PROPERTIES say. The company’s Chief Operations Manager explained that there are less and less property owners who want high asking prices as it is unrealistic to conclude a deal at a high price. Many owners sell their properties at a loss including foreign property owners who bought them a while ago with the aim of making a profit.

BULGARIAN PROPERTIES gave the following few examples:
- a fully furnished apartment in Bansko, bought in 2006 for 1,500 EUR/sq.m., was sold at 750 EUR/sq.m. or with a 50% loss;
- a fully furnished apartment bought in Bansko in 2006 for 1,400 EUR/sq.m., was sold with a 40% loss for 835 EUR/sq.m.;
- an apartment in Golden Sands bought for 1,385 EUR/sq.m. was sold at 700 EUR/sq.m., which is a 50% loss for the owner;
- an apartment in Kranevo bought 5 years ago for 550 EUR/sq.m. found a new owner for just 315 EUR/sq.m., which is 43% less;
- an owner of an apartment in Sunny Beach sold it with a loss of just 7%. He bought it in 2007 for 815 EUR/sq.m. and sold it for 760 EUR/sq.m.

There are also sellers who bought their properties at relatively low prices before the big price peak and now manage to sell them without a loss, the company adds.

Part of the developers are also selling at prices that are 50% lower than those at which they made deals 2 years ago. Since the beginning of 2010 many of them lowered the prices of properties along the seaside and asking prices of apartments in finished developments are starting from 360 EUR/sq.m. In Bansko the lowest prices start from about 500 EUR/sq.m. for finished unfurnished apartments.

The observations of BULGARIAN PROPERTIES show that it is British and Irish owners that are the most active sellers. Both they and the developers agree on a price close to the one paid some time ago or close to the cost price of the development.

Both in Bansko and along the Black Sea coast the buyers are mainly interested in cheap apartments ranging from 25,000 and 40,000 Euro, the company says. The prices of the most sought luxurious Black Sea properties range between 80,000 and 130,000 Euro.

View our holiday homes with discounted prices

---
Copyright: 2010 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. 2010


  Read more news

Share
Hot properties in Bansko - the best offers are here for you!
Buy your own property in the top ski resort of Bansko! An all-year-round resort suitable for winter and summer tourism with the best prices in Europe!
See More
Properties with 360-degree virtual tours
Feel the unique atmosphere of Bulgarian properties with the virtual tours we offer! At any time, with just one click, you can travel to your dream home, with no need for appointments and trips.

The virtual tours are taken personally by our team and are with guaranteed authenticity. We show you every detail of the property, just like being live in there!
See More

More News

latest news
Selling property in Bulgaria? Check out what documents you will need!

In a series of materials, we present you with useful information on how to best prepare your home for viewings and how to determine the right price of your property.

Here we will focus on the heart of the transaction. Buying and selling real estate often seems a complicated and cumbersome procedure, requiring a number of documents and communication with various institutions. And buy...

22 March, 2024
latest news
How much is your property worth and how to set a perfect listing price?

When deciding, or even just considering listing a property for sale, our first question is often: What price should I be looking for my property.

Every homeowner is probably trying to do their own mini market research. They look at the listings in their area, read the latest statistics on property transactions, turn to an agency to get an idea of what they can get.

Ve...

18 March, 2024
Company news
BULGARIAN PROPERTIES Agents of March 2024

Spring comes with new opportunities in the real estate market in Bulgaria!

February showed us significant activity in the real estate market, spanning the entire country, and that gives us plenty of reasons to be optimistic.

Latest market data and trends:

- We are seeing an increase in issued new building permits - a sign of growing interest in new dev...

05 March, 2024
Press & Media
Eurozone Entry: Implications for Bulgaria's Real Estate Sector

Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone. The bustling market in Sofia, Bulgaria's capital, kicked off 2023 with a noticeable decline in transactions, hovering around 14%. However, subsequent quarters saw a gradual improvement, with reductions limited to 11.7% and 5.4%, respectively, as r...

20 February, 2024

REQUEST DETAILS