Property prices on the Black Sea coast have risen by 20%, Nova TV reported, citing major real estate agencies in the Burgas region. Most of the buyers are from Bulgaria and are looking to buy large apartments as an investment, mainly for holiday use.
Agents say it is becoming increasingly difficult to find properties in smaller resorts that meet buyers' requirements. Bulgarians prefer new construction with no maintenance fees, while foreign buyers seek luxury properties in gated complexes. The most expensive properties are well furnished and offer sea views.
"There are offers for three-bedroom apartments in excess of €100,000, studios are priced around €50,000 and two-bedroom apartments range between €70,000 and €80,000. These are the average prices for Nessebar, Ravda, Sunny Beach and Sveti Vlas," says Elena Toncheva, an estate agent.
The Bulgarian National Bank (BNB) has again reduced the key interest rate in the country . As of May 1, it will now be 2.24 percent. The decrease compared to April is 0.15%, when it was 2.39 percent. This is the eighth consecutive month of a decrease in..
An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s total trade volume, with exports to the U.S. making up 2.6% of total exports and imports from the U.S...
Around 4 billion euros in debt have been raised from international markets through two bond issues, market analysts confirmed to BNR. The amount was raised through issues of 9-year and 13-year bonds – marking the country’s first entry into the..
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