Property in Bulgaria's Sveti Vlas resort to hit 3 000 euro per sq m
The Prices of front-line estates in the coastal resort of Sveti Vlas were expected to reach 3000 euro per sq m in the summer of 2007, Sveti Vlas mayor Ivan Nikolov according.Currently, this type of real estate was offered at 2500 euro per sq m, Nikolov said as quoted by Bulgarian news agency BTA.
Second-line properties had already reached 1200 to 1300 euro per sq m.
A few front-line pieces were still vacant, Ivanov said. Two or three additional complexes could be built and most probably property prices would rise again in the 2008 tourist season, he said.
The difference between front-line holiday properties and those in Sveti Vlas’s neighbourhoods was big, with estates in the residential districts offered at 800 euro per sq m.
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