Buyers snub holiday properties
Bulgarias holiday property market was saturated and big projects found no buyers because they were unprofitable, the managing director of Foros real estate agency Dobromir Ganev has said.Local company Terra Trans Consult has suspended a 200 million euro holiday village project in Balchik due to the severe economic conditions, the towns mayor Nikolai Angelov said. The companys Balchik Paradise complex was to deliver houses, a hotel, a spa centre, a conference hall and a cinema hall.