British and Russian citizens have been selling their holiday properties en masse in small settlements on the Bulgarian Black Sea coasts and are now focusing on homes in big cities such as Varna and Burgas. This is what Kaloyan Balinov, owner of a real estate agency, has told Radio Varna.
Among the reasons are insecurity and travel restrictions caused by the global pandemic. "Initially, they bought holiday properties in Bulgaria to come here on vacation in the summer. However, many of them decided to stay longer and headed to the big cities", Balinov says. Representatives of more non-traditional markets such as Italy, France, Belgium, Germany and the Netherlands are also interested in properties in Varna and the region. According to Balinov, this is largely due to the rising number of mixed marriages observed in recent years.
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