0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

New chapter for the holiday homes in Bulgaria - market report

2022-08-09   |  Polina Stoykova MRICS, Managing Director and Head of Research of BULGARIAN PROPERTIES

Vacation homes in Bulgaria both in the sea and mountain resorts are going through a real boom in demand.

One of the reasons for this is the COVID-19 pandemic and the increased need for a private place for retreat outside the big city (which also brought up the interest to rural houses).

Another reason came from the ability to work remotely, which turned some vacation properties into long-term residences.

And last but not least, inflation made people invest in safe assets like real estate. And vacation homes are very suitable for this purpose, since they do not require very large budgets. Currently, the most sought-after holiday homes vary between €30,000 and €50,000, making them accessible to a wide range of loacal and goreign buyers. In addition, they can be rented out and generate income or at least cover their expenses.

In result of all this, a completely new chapter in the development of this long underestimated segment of the market has now started. A lack of quality offers has been felt since last year and prices have gone up - for the first time in about 10 years.

Sales Volumes

Registry Agency data backs up these observations, showing that amid slowing sales growth in the big cities, transaction volumes in the Bulgarian resorts are seeing staggering growth, turning some of the holiday settlements into leaders in property transaction growth.

Examples of this are Nessebar with nearly 90% growth in the second quarter of 2022, Tsarevo and Smolyan - with 34% each, Balchik - 30%, Pomorie - 17%.

Prices of Vacation Properties

The average price in Sunny Beach, based on real transactions according to BULGARIAN PROPERTIES data, reached 580 Euros/sq.m. in the second quarter of 2022. These are levels close to those from the time of the Russian boom in 2013-2014. The growth is about 100 Euros/sq.m. or by 20% compared to a year earlier.

View more about the latest trends and average prices in the Bulgarian beach and ski resorts in the full text of the market report

View our properties in the beach resorts

Check the offers in the ski resorts

List your property for sale with us! Offices throughout Bulgaria!

Online valuation - check how much is your property worth in this booming market

  Read more news

Share
Properties in the Bulgarian Beach Resorts!
Check our selection of properties on the Bulgarian Black Sea Coast! Attractive prices starting from just 15,000 Euros for a furnished studio! Regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays and more.
See More
Properties with video
Only on our website you will find a variety of properties in Bulgaria with videos. Don't waste time, view them online - on your phone, laptop or tablet, at a convenient time and without the need for an inspection trip and personal visit. Welcome for video viewings with BULGARIAN PROPERTIES!
See More

More News

Company news
BULGARIAN PROPERTIES Agents of October 2022 🍂

We are entering the last quarter of this extremely dynamic year. It's exactly the time of the year when the real estate market in Bulgaria is most active, both in the big cities and in the villages and resorts.
An excellent time for putting a property on the market, conducting viewings, and closing deals by the end of the year. Wish us success!

September was marked by a very...

05 October, 2022
Company news
BULGARIAN PROPERTIES Agents of September 2022

We welcome September and the last 4 months of 2022 with an active property market across Bulgaria which is seen in the results of our monthly ranking.

The summer months were very busy for us as we dedicated them to finding more and more diverse properties to meet the high demand on the market.

As a result, we can boast a strong month of August, one of the strongest...

02 September, 2022
Company news
BULGARIAN PROPERTIES Agents of August 2022

It's already August, and the real estate market is almost as hot as it is outside 🌞.

The month of July passed with great activity on the market. Demand is high and supply is short, resulting in quick deals.

You can learn more about the residential market and its specifics in our report about the housing market in Sofia here.

🏗 New const...

02 August, 2022
latest news
The housing market in Sofia in 2022 - accelerated price growth and low supply

In the first half of the year, we observed a real estate market in the Bulgarian capital, characterized by very high demand and insufficient supply. This explains both the accelerated price growth and the slowdown in sales growth.

New construction projects got off to a slower start due to rising material prices and supply difficulties, and those that were on the market were actively...

19 July, 2022

REQUEST DETAILS