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Higher demand of luxury properties on the Bulgarian Black Sea Coast


   The Bulgarian luxury property market recovers faster than the remaining segments in this sector. This means dynamic luxury property market as well as prices of such estates. The average prices of coastal houses and apartments in the high segment of the town and in the surrounding seaside resorts most often vary from EUR 1300 to 1700 per square meter, local media report. Thus, demand exceeds supply, explain real estate agents. The price is not decisive for the clients’ choice.

  They are most of all interested in infrastructure, panoramic views, maintenance, quality of the offered services and interior design. Real estate agents explain that this market dynamism is due to the steady interest in coastal properties on behalf of foreign citizens most of which come from Russia. The interest of the Russian citizens is conducive to the property sales in the medium segment regarding real estate at prices of more than EUR 50 000.

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