Property advisor Colliers Bulgaria has published research findings this week that show there was a dramatic increase in the total number of holiday home units in Bulgaria in the first half of 2007. After almost 10,000 new apartment units were put on the market in mountain resorts, supply increased there by 52%. Supply in coastal resorts also increased substantially and recorded a 39% growth, or 13,500 apartment units, in the first half of 2007.

Property advisor Colliers Bulgaria has published research findings this week that show there was a dramatic increase in the total number of holiday home units in Bulgaria in the first half of 2007. After almost 10,000 new apartment units were put on the market in mountain resorts, supply increased there by 52%. Supply in coastal resorts also increased substantially and recorded a 39% growth, or 13,500 apartment units, in the first half of 2007.

The research reports that there were in excess of 76,500 holiday home units in the country by June this year. As supply continues to outpace demand, overall sales prices in resort apartments have remained unchanged, within last year's limits of between EUR 800 and 1,700 per m2. International buyers, predominantly from the UK and Ireland are said to be accounting for most of the demand, with many Russians now entering the market. The Bulgaria Holiday Homes Market Overview for the second half of 2007 is available for download on the Colliers website at www.colliers.com/Markets/Bulgaria/MarketReports/ or click on the link below.