Sunny Beach Bulgaria developments

A recently completed survey about Bulgarian property market expectation of Bulgarians revealed that according to most people the best Bulgarian property investments were a property in prestigious suburb of the capital Sofia, followed by investing in a office space or a shop either in Sofia or other major Bulgarian city. Investing in a holiday apartment came only forth as investment preference for Bulgarians. Holiday apartments on the other hand are the investment of choice for foreigners investing in Bulgaria.

Most holiday apartments offered in Bulgaria are in Sunny Beach – up to 50% of all apartments available on the market along the Black Sea coast. Despite of recent fears that oversupply of newly build and/or off-plan developments in Sunny Beach, Bulgaria will put pressure on the prices, this has not materialised and prices in Sunny Beach are slowly and steadily climbing up with average now just under €1,000 per sq.m. varrying from €850 to €1,500 per sq.m.

Second in terms of volume of Bulgarian properties offered for sale is Sozopol – the former ancient, sleepy, fishing village, which was a favourite holiday spot for people from capital during the summer holidays season. Prices in Sozopol varry in the range of €800 to €900 per sq.m. depending mainly on how close to the old town the development is.

Prices in other small towns along the southern Black Sea coast vary from €550 for off-plan developments in Ahtopol to €750 – €800 per sq.m. for Nessebar which even though just a few miles south of Sunny Beach and unique architecture is suffering from overconstruction.

Newly build apartments and off-plan developments are not so easy to come by along the Northern Black Sea coast due to reduces supply. Only St. St. Constantine & Elena holiday resort and Golden Sands, both just 10-15 miles north from Varna offer a number of similar developments, however at prices significantly higher than those along the southern coast.

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