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04.08.2015 Vacation Properties in Bulgaria - report for Q2 2015

Polina Stoykova MRICS, Managing Director & Head of Research

The second quarter of the year was positive for the holiday properties in Bulgaria, with a serious progress in Bansko where after a prolonged decline in prices the market is now stable and recovering.

After the negative trends and outflow of the Russian buyers at the beginning of the year, in recent months we see a partial return of Russian buyers, along with an increased demand from Brits and a wide variety of other nationalities interested in properties in Bulgaria.

In the second quarter of 2015, the properties situated in and around Varna keep the interest of the buyers. In recent months the property deals have increased and the average price of apartments in Varna is similar to that in Sofia - 800 Euro/sq.m. according to data of BULGARIAN PROPERTIES.

Brits, who traditionally like the area of Varna, prefer the resorts around Varna. They buy apartments in Golden Sands and other resorts in the region, as well as rural properties around Varna. The average price of sold properties in Q2 is around 40 000 Euros.

Heading to the South - property sales in Sunny Beach decreased in Q2 with 30% on a yearly basis and the average price of sold apartments according to BULGARIAN PROPERTIES data is 600 Euro/sq.m., which is close to the prices from 2014.

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