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Holiday homes in Bulgaria in 2017 – stability and new markets
The upsurge of the residential property markets in the big cities has now been felt in the holiday property segment too. The result is a stabilization of the prices, growing demand and sales volumes, and finding new markets.
One of the new markets is naturally the local one with Bulgarians already accounting for 50% of the buyers in the biggest sea and ski resorts. In some of the regions they even represent the main group of buyers - in the seaside resorts to the South of Burgas, and in the mountain resorts Borovets and Pamporovo.
There is also a stable foreign demand for holiday properties in Bulgaria which has survived through all the crises, and the range of buyers' nationalities is constantly growing. Since last year, there has been an increase in the interest of buyers from neighbouring countries and from former Socialist Block countries such as Greece, Romania, Serbia, Macedonia, Ukraine, the Czech Republic, Moldova, as well as from various European countries.
What is new at the beginning of this summer season is the awakened interest by Russian buyers in the seaside resorts which brings expectations that they will be much more active compared to the previous years.
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