The number of vacation properties in Bulgaria’s Black Sea resorts increased 83% to 35,000 units in the period 2005-2006, Colliers data, published during the Balkan Real Estate Conference in Sofia, showed.

Last year alone the number of houses in the winter resorts increased 132% to 18,000 units with the highest growth registered in Bansko, Pamporovo, and Borovetz.

The price range of local vacation properties varies from 800 to 1,600 euros/sq m, but there are some transactions at 3,000 euros/sq m.

Colliers expects Bulgarian real estate prices will remain stables in the coming years, a slight increase may be expected.

Compared to Bulgaria, neighbouring Romania and Serbia are yet to establish as tourist destinations, which is expected to give a strong boost to their property market.