Just north along the coast from the main southern coast city of Bourgas is located one of the best summer beach resorts in Bulgaria – Sunny Beach. The resort has probably had more development and renovation than any other sea resort on the Bulgarian black sea coast. Visitors will be struck by the amount of construction and renovation work going on – although the
Resorts await future real estate owners with lower prices and higher quality
“The holiday property market is dead. Long live the market of properties for holidays.”
Even though the quotation might not be exact, this was mostly what was said about the future of the holiday properties sector at the BalREc conference – Bulgaria, in October. For some buyers this is bad news, for others – a good one. The thousands of British, who bought up homes in the blocks in the western parts of Sunny Beach or the surrounding areas of Nesebar, Pomorie and Golden Sands just for investment, might never get their money back.