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Bulgaria: prices for residential property on the coast will soon rise to 10%

The experts from Bulgarian Properties believe that the rumors about the collapse of prices on the resort property after a decline in demand from the Russians is clearly exaggerated. Although in the coming years in Northern Bulgaria are unlikely to be major new investment.

The buyers from Russia came to the inhabitants of Bulgaria. Furthermore, it is now quite active citizens of other countries. For example, in Golden Sands active buyers from Israel, Lebanon, the UK.

According to Bulgarian Properties, resort real estate in Varna by the end of this year will rise by 10%.

While the share of investment purchases is only 4%, the lion’s share of customers buy housing, either directly for themselves or for their children (80% and 12%, respectively). The most frequent request – Studio apartment (40%). Spacious apartments or detached houses interested in 15% of potential buyers.