Buyers from Belgium, South Africa and China Looking for Holiday Homes in Bulgaria

2011-01-06   |  Klassa Daily, vol. 924, 06.01.11, excerpt

Buyers from Belgium, the Netherlands, South Africa, China, Ukraine, France, etc. are interested in holiday homes in Bulgaria, Mihail Chobanov – Managing Director of BULGARIAN PROPERTIES told Klassa Daily. He explained that there is still interest in Bulgarian holiday properties from Lithuanians and Estonians as he underscored that the main buyers are Russians and British, who like Bulgaria more and more and are considering moving here.

Mihail Chobanov commented that there is increased interest from many countries in the holiday home sector and that the range of buyers is wide.

Nevertheless, he noted that holiday home sellers are still selling according to their needs. There are properties equal in value which are sold at 400 EUR/sq.m., 800 EUR/sq.m. and even at 1,600 EUR/sq.m.

The best prices of this type of properties come from resale holiday homes which were bought at lower prices some years ago. Usually such deals are concluded with English and Irish who at present are selling their properties even with a small loss, the expert added.

Mr. Chobanov reported that in the last couple of months the company concluded deals with clients from more than 18 countries. He forecasts that the beginning of the year will be hard and that after the end of May there will be a gradual improvement in the sector. According to him the property boom years will never return.

According to experts in the branch there is also quite a lot of interest in properties on the part of Romanians as well. Most buyers along the southern Black Sea coast used to be British and now they are the biggest sellers. This area is very popular but the key to a sale is in price discounts.

In the resorts of Borovets, Pamporovo and Golden Sands there are very few deals because price there are still high, real estate agents say. According to them Bansko is a very popular property destination with investors as its location is wonderful.

View all our holiday home offers

  Read more news

Belle Epoque Beach Residence
French style beach–front residence in the popular beach resort of Lozenets on the Southern Black Sea coast. The complex is completely finished and fully operational. There is a special offer for Summer'2019 – guaranteed rental of 5% annually.
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