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 financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
Overcast, rain
Cloudy
Rain