No More "Little Russia" on the Black Sea Coast: Young Bulgarians and Retired Europeans Return to Buy Properties
The holiday property market along Bulgaria's Black Sea coast is experiencing a shift away from its previous dominance by Russian buyers, now attracting a blend of younger Bulgarian professionals and retired Europeans. According to a comprehensive report by BTA, half of the buyers for seaside apartments are Bulgarians under 30, primarily from the IT sector, while the other half consists of retirees from Germany, France, Italy, and the Netherlands.
Demand is particularly strong for two-bedroom apartments within gated complexes, with average prices starting at 1,900 euros per square meter....