Just before the summer season’s beginning, 70 hotels in the Varna region are offered for sale. Hotels in Golden Sands resort have the highest prices. A four-star hotel in the resort is offered for EUR 25 million. Most of the offers are for small-sized family hotels. Because of the strong competition owners could not pay off their bank loans and are forced to sell their property.

The average sale price of the 70 hotels is about EUR 1000 a sq m, which is less than the average sale price for an apartment in city center of Sofia or Varna. In the neighbouring Dobrich region, 50 holiday properties are offered on the market. One of the most attractive offers is for the ethnographic complex . The asking price for Chiflika is EUR 459 000.

Standart Daily