Diana Ivanova

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.

GERB Named its Mayoral Candidates for Plovdiv, Rousse and Haskovo

Bulgarian Prime Minister Boyko Borissov's party GERB on August 15 named its candidates for mayors of Plovdiv, Rousse, and Haskovo in the forthcoming local government elections in October 2019, reports BNT

The incumbent mayors in the three cities are from the GERB party, but they are not among the newly named candidates.

Russians Lose Interest in Bulgarian Property

Tensions between Russia and Bulgaria over Ukraine are being blamed for a sudden, sharp fall in the number of sales of seaside properties to Russian buyers.

Another factor is the growing availability of alternative seaside destinations in Russia, namely Sochi and the recently annexed Crimean peninsula, Bulgarian real estate brokers say.

Seaside Property Sales to Russians Drop By 30%

The sales of Bulgarian seaside real estate to Russian citizens has dropped by 30% since end of July, reports the Nova TV national channel. 

According to real estate brokers, the story with the British buyers repeats – suddenly the interest of Russian buyers dissipated and some of the owners are already trying to sell.