Realty Prices on Bulgarin Black Sea Coast Go Up
80% of the purchasers of holiday properties along Bulgaria's Black Sea coast are Bulgarian nationals, indicate data of experts from a large construction and investment company. "The travel restrictions stemming from the coronavirus pandemic and the uncertain economic environment made a number of people take action and buy properties. The prices of holiday properties remain stable, unlike the prices of urban properties which have continued to increase in the past twelve months", note analysts in the field of real estate properties. In fact, investing in real estate properties along this country's seacoast is a better option than buying a small flat in a big city.
"We have witnessed a sharp increase in the number of real estate transactions in the coastal towns of Sozopol, Nesebar and Pomorie", said Diana Ivanova, manager of a real estate agency in Burgas. People are investing in holiday properties, so they can use them all year round, Diana Ivanova said in an interview for BNR-Burgas. The real estate properties in Sozopol have already been sold, said Diana Ivanova:
"The real estate market has heated up this summer both in terms of prices and the number of property transactions. Investors have been looking to buy properties not only in the city of Burgas, but also in other areas. People are looking for finished apartments, as well as for uncompleted projects, indicate data of notary offices located in this country's coastal towns. The number of real estate properties signed at the notary offices has increased significantly. The property prices depend on whether the apartment sold on the real estate market is finished, whether it is located in a new building. Real estate prices also depend on the location of the given property. Investors who want to buy...