Demand for holiday property at the north part of Bulgaria's Black Sea increased substantially in 2007.

The towns of Kavarna and Balchik, together with the regions near the Golden Sands and St. St. Konstantin and Elena resorts have attracted investors' interest, imot.bg research showed, as quoted by Pari daily.

Demand for holiday property in these regions has increased by 40 to 50 per cent in the summer of 2007, compared to summer 2006 figures. The interest in such property even leaves behind that in the big resorts along Bulgaria's south Black Sea coast.

The increased interest in the region was attributed to the comparatively low level of development on the northern Black Sea coast, good infrastructure and proximity to Varna.

The interest in the northern coast was also attributed to growing number of wealthy buyers. There is an increased interest in more luxurious property. Price leaders are the golf courses, which usually offer high class property.

The resorts of Sunny Beach, Nessebar, Pomorie and Sozopol feature among most preferred destinations at the south Black Sea coast. Despite the negative reputation of Sunny Beach, the resort continues to attract the interest of property buyers.