Sign in
Favourite properties (0)
Saved searches
Notifications (5 new)
Sign out

Hot summer for sea properties in Bulgaria - analysis of prices and trends in 2021

2021-08-13   |  Polina Stoykova MRICS, Managing Director & Head of Research

The real estate markets in the Bulgarian seaside resorts are enjoying increased interest this year. It started in early spring, when people were preparing to have their own holiday property for the summer and this was when many of the bargain properties were bought. Thus, the first half of 2021 turned out to be the strongest for vacation properties on the sea in 10 years.

The data of BULGARIAN PROPERTIES show that during this period almost twice as many deals were made in the seaside resorts compared to the same period in 2020. This is understandable in view of the COVID-19 pandemic and the whole stress, closure and restrictions in the past year. But the deals are more than in the same period of 2019, before the pandemic.

Increased demand leads to a gradual absorption of available offers and, accordingly, to more limited choice and higher prices.

Who are the main buyers?

Bulgarians have been the main buyers of beach properties in recent years, and their role has intensified especially since the COVID-19 pandemic. Naturally, the favorable prices and the growing purchasing power attracted them to have their own home on the sea. Something that is extremely affordable compared to the property prices in the big cities.

Restrictions on travel abroad have given further push to this interest, as people have decided that it is more appropriate to have their own place to relax in their own country. In this sense, many have reconsidered Bulgaria as a destination for travel and tourism and this can be seen from the data for the successful summer season on the Bulgarian Black Sea coast.

It should be noted that foreign buyers by the sea, especially in the Sunny Beach region, still make up about half of property buyers and their interest has not declined. At present the main buyers come from Central Europe and neighboring countries, as they have easier access by car and could visit their properties regardless of the availability of flights.

Prices of apartments in seaside resorts

In the first half of the year, the apartments in the largest resort - Sunny Beach - were sold at prices around last year's levels - 490-500 euros / sq.m., and the allocated budgets were about 25,000 - 30,000 euros. However, this type of availability is currently quite limited and a budget of between 32,000 and 35,000 euros must be allocated for the purchase of a one-bedroom apartment.

In the neighbouring Sveti Vlas, where many of the properties have sea views, and where an additional plus is that it is a year-round inhabited settlement, the prices are higher and the allocated budgets for purchase are on average around and over 35,000 - 40,000 euros.

Pomorie is also quite an interesting resort, especially preferred by the Bulgarian and Russian buyers.

South of Bourgas, Sozopol, Chernomorets and Lozenets have traditionally attracted interest. The average prices there are higher - around and over 1000 euros / sq.m., as in the top complexes on the first line they approach 2000 euros. /sq.m.

The Northern Black Sea coast, which has become especially popular for tourism this year, has attractive offers in the region of Kavarna, Byala, Balchik, as well as in the villages near the sea.

Take a look at our offers by the sea

Sell ​​a property with us!

  Read more news

Properties with 360-degree virtual tours
Feel the unique atmosphere of Bulgarian properties with the virtual tours we offer! At any time, with just one click, you can travel to your dream home, with no need for appointments and trips.

The virtual tours are taken personally by our team and are with guaranteed authenticity. We show you every detail of the property, just like being live in there!
See More
Euphoria Club Hotel & Resort - your paradise in Borovets!
Fully furnished studios, 1- or 2- bedroom apartments in a unique complex in Borovets. All-year-round complex with all needed facilities for your comfortable stay - lobby bar, reception, bar and restaurant, outdoor and indoor pool, SPA center, underground parking and many more. Choose your holiday home here! No buyer's commission! Suitable for rental income.
See More

More News

Press & Media
BULGARIAN PROPERTIES for NOVA TV: The number of deals has jumped by 60% and the prices - by 15%

Our clients and our colleague from the Veliko Tarnovo office Simeon Karapenchev stood in front of the cameras of NOVA TV to comment on the boom in sales of rural properties in Bulgaria.

Official National Statistics data show that almost 100,000 people returned to live in rural areas last year, and data from BULGARIAN PROPERTIES show that prices of rural houses are risi...

09 October, 2021
latest news
BULGARIAN PROPERTIES Agents of October 2021

These are our colleagues who have achieved the best sales results in the past month and on that basis are now awarded the title of "Agent of the Month".

📈🔝 The real estate market in Bulgaria is experiencing a real boom, and some of the properties we list for sale are being sold literally within a few hours.

📰🎥 We follow the market trend...

05 October, 2021
Company news
BULGARIAN PROPERTIES Agents of September 2021

🍁 It's already September, and the new active business season begins.

For the property market in Bulgaria though there was no summer vacation. August became one of the strongest months this year and brought the title of "Agent of the Month" for many of our colleagues.

Our teams worked in a strong market throughout the country. Of particular interest were the be...

03 September, 2021
Company news
BULGARIAN PROPERTIES Agents of August 2021

☀🌊 Hot, crowded and with few free spaces - this is the situation not only on the beaches in the Bulgarian resorts, but also on the real estate market in Bulgaria!

Those wishing to acquire a quality property come early and are ready to reserve the property they like, even if it is at the stage of preliminary sales. Thus, only a month after its launch, Lincoln Residence ...

04 August, 2021