Property prices on the Black Sea coast have risen by 20%, Nova TV reported, citing major real estate agencies in the Burgas region. Most of the buyers are from Bulgaria and are looking to buy large apartments as an investment, mainly for holiday use.
Agents say it is becoming increasingly difficult to find properties in smaller resorts that meet buyers' requirements. Bulgarians prefer new construction with no maintenance fees, while foreign buyers seek luxury properties in gated complexes. The most expensive properties are well furnished and offer sea views.
"There are offers for three-bedroom apartments in excess of €100,000, studios are priced around €50,000 and two-bedroom apartments range between €70,000 and €80,000. These are the average prices for Nessebar, Ravda, Sunny Beach and Sveti Vlas," says Elena Toncheva, an estate agent.
The tariffs imposed on European goods by the Trump administration are expected to have both direct and indirect effects on Bulgarian exports. The Ministry of Economy and Industry has calculated the direct impact at €468 million, while..
The Celestial Empire, the “world’s factory”—that is China, the globe’s second-largest economy. The Asian powerhouse is actively expanding its economic reach worldwide, with the Belt and Road Initiative as the apogee of these efforts, through which..
The demand for employees increased by 5% in August, or by over 1,700 more offers compared to July, one of the largest HR companies in Bulgaria reported to BTA. But on an annual basis there is a decline of 7% , or by 3,100 offers. The "Trade..
+359 2 9336 661