BULGARIAN SPA PROJECTS BOOST PROPERTY PRICES
Bulgaria’s State Agency for Tourism says that the number of tourists visiting spa resorts will increase by 75 per cent in the next three or four years.
Investors have been working on spa tourism projects for a long time, Kapital daily reported.
There are spa centre and hotel construction projects in, among other places, the well-known destinations Sandanski, Kyustendil and Apriltsi. These regions boast favourable natural resources and, unlike other traditional resorts, are not burdened by overbuilding.
Major spa projects have already influenced the property market, in certain regions further boosting property price increases.
The regions of Bansko and Razlog have emerged as the most popular among investors.
According to real estate agency Address, eight vacation complex projects with a total built-up area of 50 000 sq m are underway in the village of Banya. The village is near Bansko and has 70 mineral springs.
As a result, average land prices in the region went up, reaching 40 to 100 euro a sq m, Address said.
A major spa project in Kyustendil will result in a hotel and apartment complex of 32 055 sq m area. The centre will target wealthy clients.
National Statistical Institute (NSI) data said that residential property prices in Kyustendil increased by 11 per cent in the first quarter of 2007.
View Properties in/near Sandanski
View Properties in/near Kyustendil
View Properties in/near Bansko
View Properties in/near Razlog
Read more news
🏆🌊 AGENTS OF JULY 2020
🌞 Summer is already in full swing, and the 🏘 real estate market in Bulgaria is also a hot place!
The activity has increased and we are now convincingly returning to the pre-crisis volumes of sales, this time the interest is not only in Sofia and the big cities, but to the whole of Bulgaria, including the sea and m...
At the moment - in June, the property market is quite active, the crisis seems to be behind us. At least that is what the behavior of the market participants shows. Overall, there is quite a good activity and it's as if we're back at the beginning of the year.
People who inquired about properties in early March are now returning to those same properties and are buying ...
Life is gradually restarting and we are witnessing an increased interest to Bulgaria 🇧🇬 as a country with very few 🦠 coronavirus cases and the Bulgarian 🏘 real estate market as one of the most attractive and affordable in Europe.
From strongly negative, the forecasts have began to become more optimistic. The current crisis has had a healing effect on ...
Bulgaria plans to lift an obligatory 14-day quarantine from June 1 for travellers from most European Union countries, but not those states with the biggest coronavirus outbreaks, a senior health official said on Friday.
The quarantine will remain obligatory for travellers from Sweden, Belgium, Ireland, Portugal, Spain, Italy and Malta, the official said, as well as the UK, which is ...