Less English clients, more Russians and Greeks instead!

Property prices have increased with an average of 30% and 35% in bigger cities and holiday and

spa resorts. The total number of Notary deals is 311 000, which is approximately 4%-5% more

than last year.
According to data, provided by Bulgarian real estate agencies, there are about 3 million sq.m

vacational properties under construction - 2 m illion sq.m along the seaside and the rest

mainly near Bansko.
The secondary property market has also began to expand as there are many owners who have

purchased real estates as an investment. This market consists mostly of properties bought

off-plan a few years ago by English people.
Changes in customers have also been registered for the last year. Clients from UK and Ireland

are less, compared to those from Russia, Greece, Roamnia and Bulgaria.
Bulgarians have begun purchasing properties located in holiday resorts. However, most of the

Most of the clients were business owners and people working in tourism full-time. Their

average budget requirements are up to 25 000 EUR.
According to real estate forecasts, there will be a slight recess in the holiday property

market. However, this is expected to result only in the number of deals, but it is not likely

to cause a decrease of the prices.

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