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Spaniards, Danes Buy off Property at Bulgaria's Seaside

Source: Sofia News Agency (
Published Date: 09 Mar 2006

Despite the fact that Spain is blessed with more than a generous amount of beaches, Bulgaria's seaside has obviously impressed the Spaniards and they are rushing for apartments in the north near Kavarna, media reported.

Kavarna and the nearby villages are about to see constructions that are worth millions, local technical chief Desislav Kostov has told Standart daily newspaper. Both Spanish and Danish nationals express wide interest in Bulgaria's marvelous seaside.

A Spanish company is launching the construction of a block of apartments near Cape Chirakman as late as September, but eighty percent of the space has already been snatched by eager Spaniards. "We are looking at an investment of about EUR 15 M" Kostov said.

Danes are not lagging behind, as they have a whole resort planned in the Ikantalaka area, between Balchik and Kavarna. The investor has coughed up EUR 150 per square meter for a parcel at the picturesque site.

Even Bulgaria's utmost north and coldest seaside spots have not been overlooked, for foreigners have already started buying there as well.

And to add to all the excitement, apart from the fine sand and great views, those buying spots at Kavarna will get an added extra - the Monsters of Rock festival that takes place there every summer, gathering some of the brightest names on the musical scene.