Fri, Feb 10 2012

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

Mon, Apr 23 2007 09:06 CET

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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.

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