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 lack of sufficient manpower and strong private consumption are the main reasons for inflation, according to the second "Economic Review" of the Bulgarian National Bank (BNB) for the year. Annual inflation is 2.9%, increasing by 2.1% by May 2025..
After months of low inflation and even temporary deflation in April this year, according to official national statistics, the trend abruptly reversed. On July 15, literally days after Bulgaria received a green light from Brussels for..
Bulgaria's entry into the eurozone on January 1, 2026 will not make vacations more expensive. This is what Rumen Draganov, director of the Institute for Analysis and Forecasts in Tourism told the Bulgarian National Radio. The prices..
Clear
Partly Cloudy