Tourists Choose Aparthotels This Summer

2009-04-30   |  Zhenya Atanassova, Chernomorski Far, Bourgas, vol. 79, 28.04.09

Despite the negative forecasts of the tour operators the company Property Management BG Ltd. report of significant interest on the part of foreign tourists to the aparthotels along the seaside. The company has agreements with over 300 local and European tour operators. A night in a studio in a luxury holiday development along the Black Sea coast during the summer season costs about 30-40 Euro. Up to now the Irish tourists are the most active group booking properties in aparthotels.

"The stress which the people in the EU are subject to makes a lot of our potential clients choose exactly Bulgaria as an inexpensive destination”, Property Management BG comment.

Property Management BG received a commission from the local building company Midia for managing its new holiday development in Aheloy. Midia Resort will open its doors for tourists in August. In the last two years the apartments in the complex are sold mainly to Russians, Czechs, Polish, and Latvians at prices from 1,000 to 1,300 Euro per square meter. The sales were made by the company Bulgarian Properties. A night in the development will cost around 50 Euro due to the complex’s top location.
“We are expecting tourists from Russia, the Czech Republic and Romania”, comment from the company.

According to Bulgarian Properties the annual return on the investment in the apartments varies from 3% to 5% in a time of crisis. Every promise for a return on the investment of over 5% is unrealistic as the real estate sector is one of those hit hardest by the crisis.

"At the moment we can’t make any forecasts about how the property market will develop. We have clients from Russia, Poland, Denmark and other European countries”, comments Mihail Chobanov, co-founder of Bulgarian Properties.

According to him developers pin great hopes on the forthcoming summer season. Meanwhile, potential clients expect prices 20-40% lower compared to last year. Mihail Chobanov advises developers to offer competitive prices and attractive payment conditions in order to attract more clients and finances to the country. According to him there are no attractive offers for seaside hotels and there is no panic among their owners. Most of the offers are for small family hotels.

View our offers in resorts

  Read more news

Vitosha View - an exclusive residential development in Sofia
Vitosha View is a gated complex at the foothills of Vitosha Mountain. It offers urban environment combined with the home atmosphere and the greenery of a beautiful garden. Vitosha View enjoys an attractive location and is perfect for investment in the Bulgarian capital.
See More

Îůĺ Íîâčíč

Street Food & Art Festival in Burgas is a New Concept for an Urban Festival

Street Food & Art Festival is a new concept for an urban festival, its organizer Nikolay Todorov told Focus Radio.

The festival, held with the support of Burgas Municipality, is taking place in Burgas. More than 15 of the Best Street Food culinary artists in Bulgaria have been invited, Todorov said. "We are talking about mobile kitchens, kitchens on wheels, caravans, campers, truck... read more

13 August, 2019
Archeologists unearth church from 6th century near Gabrovo

An early Byzantine church, 20 by 10 meters in size, made from rock blocks and brick layers, with a floor lined with ceramic tiles has been discovered by archaeologists.

It has two entrances on the south and west sides and an interesting altar section, as it had benches where clergymen were sitting, as well as a bishop's throne in the central place, Professor Hitko Vachev said. He a... read more

13 August, 2019
Seaside Garden in Varna turns into large-scale arts and crafts exhibition

For the 23rd time the International Fair of Crafts and Arts “Bulgarika” will become a venue for a big number of artists and craftsmen. In the period August 1– 21, some of the best artisans in the fields of fine and applied arts, crafts and music will participate in it. Traditionally, the audience will actively participate in the fair as they will be able to take part in crafts or arts workshops or... read more

13 August, 2019
Staro Zhelezare village once again hosts Street Art Village Festival

Until the end of August, the village near Plovdiv is once again hosting Staro Zhelezare Street Art Village Festival.

The village itself has no more than 400 inhabitants. Every year the people behind this project – artists Katarzina and Ventsislav Piryankovi and students of theirs from Poznan, Poland, transform the place, painting and drawing on the walls of houses and fences.
... read more

13 August, 2019


Fatal error: Uncaught Error: Call to undefined function display_gdpr_fields() in /usr/hosting/bulgarianproperties-com/ Stack trace: #0 /usr/hosting/bulgarianproperties-com/ include() #1 {main} thrown in /usr/hosting/bulgarianproperties-com/ on line 114