Contacts
0

Polina Stoykova for Bloomberg TV: Settlements Near Resorts Attract Buyers With Low Prices

2018-05-30   |  bloombergtv.bg

BULGARIAN PROPERTIES CEO Polina Stoykova was a special guest in Bloomberg TV Bulgaria "In Development". See what she shared about the current trends in the holiday property market at the end of the winter and the peak of the summer season in a conversation with the host Delian Petrishky.

---


It is natural for the villages near the big resorts to attract the interest of the buyers with their low prices.

"There is construction around Sunny Beach to the villages of Kosharitsa, Tankovo. There are also gated complexes of houses or small complexes with blocks. Over the years, they have attracted not too small interest, as prices are very good - they can be around 300-350 Euro per square meter. In Bansko, in the area around the golf course, there are offer prices for about 200-250 Euro per square meter. Borovets is similar - about 350 Euro per square meter. Sometimes, prices in satellite settlements, which are 10-15 kilometers away from the resort's main attraction, may be lower by 40-50%. "

This year's trends are to have a boosted interest in the seaside area, coming to a large extent by Bulgarian buyers.
"This is a process that has been going on for the past 1-2 years, but in the summer we may see its materialization as the Bulgarians have been researching last summer and now will be more interested in the seaside properties. From the statistics of the Registry Agency it can be noted that after the withdrawal of the Russians, the transactions in the seaside region dropped for 2-3 years. Since the end of last year, the decline has been halted, and in the first quarter of the year, there is growth in Nessebar, which includes the Sunny Beach area, 26% on an annual basis compared to the first quarter of 2017 ".

According to the expert, a similar process has been taking place in the ski resorts since mid-last year.

"We saw the growth in Bansko, Razlog, Samokov, and Smolyan. All three Registry Agencies noted growths that we now see to be continuing to the seaside. "

Traditionally the interest for buying properties in the Sunny Beach area and the southern resorts comes from the summer resorts, while from the winter resorts the interest is towards Borovets, where the availability is running very low.

"Less offers go on the market and the prices are rising accordingly. For the first three months of the year, the prices exceeded 700 Euro per square meter. "

Polina Stoykova outlined one of the main problems of the holiday property market in Bulgaria:

"We are very active in advertising Bulgaria. We manage to attract interest in Bulgaria, we have the goods, the resorts, and the weather conditions. But we do not seem to be able to achieve lasting positioning. Some nationalities show interest during a certain period and in the next one they disappear and are replaced by others. This does not lead to lasting growth. Perhaps more focused advertising at a national level would be beneficial to attract foreign buyers and investors, as we see successful examples with Spain, Portugal, and Turkey. This goes hand in hand with the development of tourism, as it first comes to tourism, and then it is purchasing. "

See the full material and video on Bloomberg TV website

View our top new build properties in beach resorts

View our top new build properties in ski resorts

View our top new build properties in Sunny beach region

View our top new build properties in Varna region


  Read more news

Share
Properties in Bansko
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! Prices starting from as low as 10,000 Euros!
See More
Come for video viewings of properties in Bulgaria!
Only on our website you will find thousands of properties situated all around Bulgaria for which we have shot videos. Don't waste time, view them online - on your phone, laptop or tablet, at a convenient time and without the need for an inspection trip and personal visit. Welcome for video viewings with BULGARIAN PROPERTIES!
See More

More News

Company news
BULGARIAN PROPERTIES Agents of July 2020

🏆🌊 AGENTS OF JULY 2020

🌞 Summer is already in full swing, and the 🏘 real estate market in Bulgaria is also a hot place!

The activity has increased and we are now convincingly returning to the pre-crisis volumes of sales, this time the interest is not only in Sofia and the big cities, but to the whole of Bulgaria, including the sea and m...

03 July, 2020
latest news
Polina Stoykova: Rural houses are the hit of 2020

At the moment - in June, the property market is quite active, the crisis seems to be behind us. At least that is what the behavior of the market participants shows. Overall, there is quite a good activity and it's as if we're back at the beginning of the year.

People who inquired about properties in early March are now returning to those same properties and are buying ...

26 June, 2020
Company news
BULGARIAN PROPERTIES Agents of June 2020

Life is gradually restarting and we are witnessing an increased interest to Bulgaria 🇧🇬 as a country with very few 🦠 coronavirus cases and the Bulgarian 🏘 real estate market as one of the most attractive and affordable in Europe.

From strongly negative, the forecasts have began to become more optimistic. The current crisis has had a healing effect on ...

03 June, 2020
latest news
Reuters: Bulgaria to end quarantine on travel from most of EU

Bulgaria plans to lift an obligatory 14-day quarantine from June 1 for travellers from most European Union countries, but not those states with the biggest coronavirus outbreaks, a senior health official said on Friday.

The quarantine will remain obligatory for travellers from Sweden, Belgium, Ireland, Portugal, Spain, Italy and Malta, the official said, as well as the UK, which is ...

29 May, 2020

REQUEST DETAILS