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Over 100,000 Flats at Bulgarian Black Sea Coast for Sale

Date: 28.06.2006

A flat square meter in Sunny Beach costs less than a garage square meter in Sofia

Over 100 000 flats are for sale along Bulgarian Black Sea resorts. Their prices are sharply going down as the offering exceeds immensely the demand, real estate brokers maintain. It is much better and advantageous to buy a flat in Sunny Beach than a garage in Sofia, brokers advise.

The number of the offered flats in Sunny Beach only is over 30,000. A square meter of built-up area in the western zone of the posh resort dropped down to 500 euro.

The prices in Sveti Vlas and Ravda are even lower. The offered estates there are about 20,000. Going north, the prices are a bit higher but they are also expected to go down.

More and more mortgaged realties appear at the real estate market, which are sold by banks, brokers explain. At the same time, a square meter of a garage in Sofia center hit the record-breaking 600 euro.

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