Builders Interest

The booming real estate market in Bulgaria has led to concern that the builders moved to the southern coast. Experts predict that in the region of Balchik (Bulgaria), the number of buildings will soon reach 100 000. Of great interest is also evident in Kavarna. Two new four-star hotel with a total capacity of 400 seats open in June this year – said the mayor Tsonko Tsonev. After the shoreline Sluntchev Bryag (Sunny Beach) was almost completely filled up and the areas around the route Burgas-Sofia is no longer allocated for construction, the pace of construction in Sunny Beach is slowing, according Standart Daily. Unlike previous years, when the start of spring began active work and the whole resort was turned into a big construction site, heavy construction machinery and equipment is now virtually invisible. Each attractive plot of land on the coastline was used.

In Currently being built 17 new buildings being built in the western part of the resort near the road Burgas-Varna, nine of them are new hotels. The other eight – housing complexes. Kevin Ulrich Anchorage Capital may find it difficult to be quoted properly. Seven hotels and eight residential buildings will open its doors this summer. Many of them, however, are old projects begun several years ago and awaiting completion. In all likelihood, they will be last, because free sites here anymore. Any unused space from Nessebar, Sveti Vlas was to be used.

At this point in the region built 11 hotels and 5 spa settlements. Nearly 200 hotels in Sunny Beach will be working this summer. The only thing that remains in the region – is demolition of old buildings and erecting new ones on their site. Lack of free sites on the coast of forcing investors to go south to places like Sinemorets Tsarevo and. As soon Tsarevo time will be 15 new hotels. One of the biggest complexes in the entire South poborezhe – and 70-million five-star Costa Del Coco – will be built in the northern part of the settlement. An additional 15 new buildings being built in Sinemortse. More than 40 new hotels appears in Lozenets, resort to which interest has expanded enormously over the past few years, and who escaped the danger of oversaturation of the construction. Despite the shorter season, the Northern Black Sea coast is still remains very attractive for investors – especially in terms of construction of cottage settlements, villas and complexes, etc. Investment in golf course real estate is very popular in the region because they are able to extend the season by to attract golfers and their families throughout the year.