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Holiday Properties in Bulgaria in 2016
The effect of the recovery of the residential markets in the regional cities is already overflowing in other segments such as the vacation property market in Bulgaria.
"The recovery of the holiday property market is mainly expressed in an increase in the number of sales, an increase of the share of Bulgarian buyers, who already represent 50% of all buyers in the ski resorts, and attracting a mixture of buyers from various countries from all over the world", commented Polina Stoykova MRICS, Managing Director & Head of Research of BULGARIAN PROPERTIES.
"Now is a good time to buy a bargain property in the Bulgarian resorts and buyers understand this quite well. Many of them when seeing the favorable prices are tempted to buy vacation properties. We observed this during the summer in the beach resorts, in SPA resorts such as Velingrad, and we have now begun to witness a similar trend in the ski resorts. The buyers really can't resist the attractive prices of the vacation homes in Bulgaria", added Stoykova.
Another important trend is that holiday homes are beginning to attract wider range of buyers from around the world. Defining the prevailing nationality of foreign buyers is getting more and more difficult since they are quite diverse and vary from month to month. An important conclusion, though, is that the interest towards holiday properties in Bulgaria exists and it is here to stay.
The Brits remain the largest group of foreign buyers in the Bulgarian ski resorts. It is noteworthy that this year the interest of buyers from neighboring countries and countries of the former Soviet Union such as Romania, Serbia, the Czech Republic, Greece, Macedonia, Ukraine, Moldova, along with buyers from other European countries, and also from the United States and Canada, has increased. Perhaps these trends are directly related to the diverse nationalities of foreign tourists in the resorts in general, as an interest in buying a vacation property is preceded by a tourist visit in the resort.
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