The resort apartments market in Bulgaria continues to grow with increasing pace. As a result the total number of holiday homes units as of June 2007 is in excess of 76,500, show the latest research findings from real estate consulting company Colliers International.

In the mountain resorts supply increased by 52% during the first half of the year, after almost 10,000 new apartment units were put on the market. The growth was most significant in the Bansko area (including Razlog), which accounts for 78% of the new supply.

Supply in coastal resorts also increased substantially and recorded a 39% growth, or 13,500 apartment units, in the first half of 2007. Although Sunny Beach continues to account for more than one third of the supply in this segment, other resorts saw accelerated development as well. In St. Vlas and in Sozopol holiday homes supply increased by 52% and 62% respectively.

Overall sales prices in the resort apartments segment remained unchanged for the past half year as supply continues to outpace demand. Price ranges remained within last year’s limits between EUR 800 and 1,700/m2 shows Colliers Holiday Homes Market Overview.

About Colliers International:
Colliers International is a leading international real estate consultancy with more than 260 offices in over 50 countries. Worldwide Colliers manages more that 62 million m2 and has over 10,000 highly qualified professionals.