LM Legal Services Blog

The newest hit on the property market at the Black Sea is three properties for the price of two. The developers have been experiencing serious problems with finding buyers, so they came with this new offer. In the recent months they have been offering free air-conditioners or fitted kitchens but this did not help to activate the property market. Now, the prices of all properties are not fixed. Prospective buyers receive only description of the property they are interested in. Bargaining is the name of the game and once there is interest price start dropping by 200 or even 5000 Euros and some times they even reach a 50% decrease of the initial price.  Luxurious properties right by the sea in Nessebar are offered with a brand new Toyota Yaris as a bonus. However, 2000 Euros per sq.m. do not seem to justify such kind of bonus.

When prices are announced they are very reduced in comparison with last year. A studio apartment in Albena is offered for 18 000 Euros, while one-bedroom apartment facing the sea is for sale for only 10 000 Euros.

The most luxurious apartment is in an apartment complex in Tsarevo. It is offered for 5.5 million Euros off-plan as the complex will be completed in 2011. The buyer of this property will receive the most expensive car at the moment Bugatti Veyron as a bonus.