Dramatic grow in holiday homes in Bulgaria H1 2007 - collier
The total number of holiday home units in Bulgaria “increased dramatically” over the first half of 2007, a Colliers Bulgaria announced showed.
Supply of holiday homes in the mountain resorts grow by 52%t with more than 10 000 new apartments offered in the market.
Nearly 80% of new apartments were construct in the Bansko resort and the area.
Another 13 500 newly built apartments were offered for sale in the seaside resorts over the same period, amounting to a 39% increase, the report told. More than one third of these new holiday homes were built in Sunny Beach.
The total number of vacation homes in June 2007 exceeded 76 500.
Supply continued to exceed the demand. Sales prices of resort apartments stay unchanged, between 800 and 1700% sq m.
Atanas Garov, leading director of Colliers Bulgaria, said “international buyers, predominantly British and Irish, continued to account for most of the demand. Recently we have seen a lot of Russians entering the market, and they look to become major players.”
I would like to thank Kiki on the wonderful work that she did in selling our apartment. She made everything run smoothly, she was always polite, punctual & answered any questions we had no matter how trivial some of them were. Very pleasant lady to do business with. Excellent service with smile.
— Gary, UK