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Demand For Construction Plots In Bulgarias Seaside Maintains High Levels

Intense hotel and complex construction will continue despite warnings that the Bulgarian coastal region already faced problems with construction density.

The demand and supply of construction plots in the coastal region maintained high levels, 24 Chassa reported.

Southern regions attracted more investment, 24 Chassa said. Property in resort towns near Bourgas sell three times better than estates in the Varna region.

Sunny Beach coastal resort ranks highest in the list of resorts attracting property investment. The complex offers over 40 construction plots at an average price of 132 euro a sq m. In comparison, prices in other coastal resorts like Primosrsko, Sozopol and St Vlas vary from 70 to 120 euro a sq m.

Prices depended on development opportunities and construction density in the region, 24 Chassa said. Investors preferred plots in smaller villages away from the densely constructed resorts. Nearly 50 per cent of the plots on sale in Varna region were in remote villages at average prices of 90 euro a sq m.