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Real Estate Prices at Bulgarian Seaside Decrease

Article published from on 2008-08-11 11:51:00
Category: Properties in Bulgaria

The price of real estate at the Bulgarian seaside is lower compared to previous years, because demand is lower. This was announced by the real estate agency "Valen".

The price of square meter farm land with the opportunity to change its statute in the Kranevo region is between 100 and 150 euro. In the Kavarna region well-off people can buy property at a price between 20 thousand and 40 thousand levs. 

A lot of property and land are becoming desolate because of the decreased interest. 7000 square meters of land with changed statute between Balchik and Kavarna at a price of 3 million euro remains unsold. The biggest interest in seaside resorts in Bulgaria show Russians. The foreigners` enthusiasm for a house in Bulgaria, however, is not as great as before, brokers claim.

As a rule foreigners cannot buy land in Bulgaria until 2014. In fact they are buying a house and in case they have a registered firm here they can also buy the land.

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