Sat, Nov 07 2009

SOZOPOL TURNS INTO MOST EXPENSIVE PROPERTY MARKET ON BULGARIA'S COAST

Mon, Apr 23 2007 09:06 CET 417 Views
SOZOPOL TURNS INTO MOST EXPENSIVE PROPERTY MARKET ON BULGARIA'S COAST

The increasingly intense construction of vacation villages in Bulgarian resorts led to stagnation of the house market in the region.

The coastal cities of Bourgas and Varna exhibit the most visible over-construction, investor.bg reported. The number of houses offered for sale in each of the two towns reached 1100.

Most potential buyers look for property located close to the beach, which limits the chances of some owners to sell their houses, agents said.

Sozopol is the town that features the highest number of offers in the region of Bourgas but it is also the town that has one of the highest prices. The average offer for a house there reached 900 euro per sq m.

Pomorie, Nessebar and Primorsko also feature among the towns with high supply of houses in the region.

The supply of houses near the areas of the most famous winter resorts is concentrated in Smolyan. Nearly 300 houses are offered for sale and the average price is 316 euro per sq m.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgaria business property deals contracted sixfold – Forton

Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.

Luxury real estate prices in Bulgaria slump by 40% - study

Most potential buyers are now opting to buy a luxury flat in the range of 120 000 to 150 000 euro or a single family home for about 500 000 euro.

Bulgaria's construction sector facing 'survival year' in 2010 - Minister

About 30 000 to 35 000 people employed in the construction sector were facing redundancies in 2010, Bulgaria's Regional Development Minister Rossen Plevneliev said on October 26.

Housing prices in Bulgaria fell 28 per cent year-on-year – official

Average market prices of housing in Bulgaria dropped five per cent in July-September, measured quarter-on-quarter, the National Statistical Institute said on October 23 2009.

Key interchanges in Sofia will be constructed with European Investment Bank loan

The European Investment Bank (EIB) has released a 43.5 million euro loan to Sofia Municipality, for infrastructure projects worth 88.1 million euro in total

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.