Call
Send Email
Messenger
WhatsApp
BULGARIAN PROPERTIES Managers Discuss the Bulgarian Holiday Home Market on National Television
BULGARIAN PROPERTIES’ Managers Polina Stoykova and Victor Vucheliyski commented the holiday home market in Bulgaria on national TV channel PRO.BG on 2nd November 2010.
According to experts the data for the winter tourist season in Bulgaria are optimistic but according to the report the data for the holiday home market is contradictory.
Happy tourists are the greatest advertisement for Bulgaria. The holiday home market will become more dynamic when people who come to Bulgaria will want to own a second home here. The good infrastructure is very important and at the moment the construction of main highways is a priority to the government.
According to the report at present the trends on the holiday home market in Bulgaria are not very optimistic. The traditional buyers retrieved from the market and big investors put their projects on hold. In some cases a second home in Bulgaria can even be bought under the cost price. Prices in some holiday developments collapsed by as much as 70%. These low prices led to the concluding of deals this summer season.
Polina Stoykova commented the situation with beach properties in Bulgaria: “Average prices of beach properties continue to be between 350 and 700 EUR/sq.m. as according to the data of BULGARIAN PROPERTIES the average price of the sold apartments is 38 000 Euro.”
Regarding ski properties the main buyers continue to be the Russians as in the ski resorts they look for fully finished apartments with an option for renting them out to tourists.
Regarding properties in winter resorts in Bulgaria Victor Vucheliyski said that the properties in the good developments maintain higher prices and their owners/investors do not want to reduce them drastically. According to him there is a minimal price of about 700-750 EUR/sq.m. in the well working complexes with good management and a lot of extras.
View all our ski property offers
View all our beach property offers
View all our discounted holiday home offers
---
Copyright: 2010 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2010.
Read more news
More News
Are you tired of searching the old way? Try something new on our website!
BULGARIAN PROPERTIES announces the launch of a revolutionary new feature on its website —an AI search engine with natural language processing that allows users to search for properties by describing what they need in words.
It understands the meaning of what is written and returns the most accu...
As autumn is in full swing, the real estate market in Bulgaria remains stable and active in anticipation of the eurozone entry.
Property prices continue to rise, and interest in new-build projects remains strong, especially for modern complexes with guaranteed quality. The year also appears to be one of the strongest for a rise in demand for rural houses which are offered in quite ...
The real estate market in Bulgaria's major cities is calmer than expected, just months before Bulgaria joins the eurozone. The euphoria and large sales volume remained in the first half of the year, until the decision to accept the country into the eurozone. This was commented on by Polina Stoykova MRICS, Managing Director and co-owner of the real estate agency Bulgarian Properties, during the Rea...
Twenty years ago, Bulgaria became one of the most attractive destinations for British buyers searching for affordable holiday homes and retirement havens. Now, two decades later, the trend is back – and stronger than ever.
One of the many inspiring stories we’ve witnessed recently is that of Yossef, a buyer from the UK who came to explore Bulgaria with the hope of find...
