Resorts' supply leave behind demand
Demand for holiday real estates in Bulgaria has slumped over the last year. Clients' interest in the buy of apartments and houses, located in gated compounds in resorts, has abated, resulting in stagnation or even decreasing prices.This has affected the land market. The supply of plots is almost double the demand in most vacation villages, both coastal and mountain, according to a survey, commissioned by Investor.bg.
Currently, there are almost 400 plots on sale in Bansko. They account for as much as 51% of all plots offered in Blagoevgrad region, while demand for land is only two per cent. Prices vary between 40 and 200 euro a sq m, depending on the stretch to the ski lift, to golf courses or to the town centre.
Razlog and Dobrinishte show similar trends to Pamporovo where land supply outstrips demand. There are almost 300 plots of land on the market and asking prices vary between 15 and 150 euro a sq m.
Chepelare and Stoikite villages also see a appreciable supply. Consequently, prices of plots stand at 20 to 90 euro. Out of all the large resorts in this area, Sandanski is the town with the lowest number of plots of land offered for sale - about 70 at an average price of 68 euro a sq m.
After looking for a property for a while we found an apartment in sunny beach, with lockdown not allowing us to view the property Kiki went above and beyond to make sure everything ran smoothly, from opening a bank account in Bulgaria to finding us a solicitor our end. She was very professional and on the end of the phone whenever we needed her help or advice. Very happy owners
— Mr and Mrs mather, UK