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
Central Park - the best-selling new development in Sofia in 2024!
Homes for sale in one of the largest new construction developments in Sofia!

A unique gated complex recreating the style and atmosphere of New York's Central Park. Modern buildings, space, greenery and breathtaking views! A future icon of the Bulgarian capital that will bring a new standard for quality of life. Choose your home now - big choice and attractive prices!
See More
Euphoria Club Hotel & Resort - your paradise in Borovets!
Fully furnished 1- and 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

latest news
Buyer matters: types of property buyers and what every seller should know about them?

How to identify the right buyer and the right negotiation strategy

Price. This is the most important topic that interests all property sellers. However, getting a good deal is not just a function of market conditions - a key element that often gets left behind is who we are selling to.

Different types of buyers have their own pace of decision making, priorities and r...

14 May, 2025
latest news
BULGARIAN PROPERTIES Agents of May 2025 🏆

📢 Agents of May 2025! 🏆

April was full of energy, fresh listings, busy viewings, and successful deals – and none of it would be possible without our top-performing agents, who stood out with outstanding results, professionalism, and dedication!

These are the people who work tirelessly every day to make property dreams come true – whether it’s buying a ...

02 May, 2025
Press & Media
Polina Stoykova: There is activation in the housing market, prices are rising

"There is definitely an activation of the property market in Bulgaria, as strange as this may sound against the backdrop of the previous strong years. The market has been extremely dynamic since the beginning of 2025 with demand increasing by between 30% to 50% more enquiries. We are seeing active buyers ready to make decisions and conclude deals."

This is what Polina Stoykova MRICS...

28 April, 2025
latest news
Holiday property - dream or burden? What you don't know about the maintenance fee

Owning a holiday property in a beach or ski resort in Bulgaria is a dream come true for many. But with time, some owners begin to feel that the maintenance of such a property requires not only time and attention, but also a stable budget. The mandatory maintenance fee often proves to be a key factor in deciding whether to keep or sell their property.




In this ...

16 April, 2025

REQUEST DETAILS