The only place to make money in Bulgaria is either Sofia or Varna. Pure and simple. Our company has 300 people out in Sofia. We are having to increase wages substantially with zero unemployment and more companies moving their call centres there such as HP. Property is up 30% this year in heart of the centre I am advised by our local staff>

When you speak to them about Sunny Beach they say things like"ugh" , "it's like lego","been destroyed - awful over development", "rather go to Greece, which is just as near". They can't understand why people want to build apartments there when the season is 3 months - neither can I for that reason... Even if if an apartment is £20k it will have running costs such as service charge, insurance, maintenance etc. If your rental return is less than your running costs then your "rental business" has zero value and you may as well walk away from it and not pay the bills. Result: a graveyard of empty developments, impossible to sell and of no interest to tour operators.

I read the threads here about the hype the great GDP growth in Bulgaria and EU investments etc this is all FACT. But Bulgarians are not being on the coast only naive investors from Ireland and UK now joined by Poles, Russians and Scandanavians loking for fools gold because its half the price of Spain. So all the GDP growth will mean zilch to property values ( in fact the reverse as higher wage costs will mean running costs will rise).

Get real folks : you got it wrong. Once you admit it, you can do something about it. Sell your property for whatever you can get (within reason) and move on before it gets 10x worse. Just don't wait too long.....

The same kind of massive oversupply occurred in Berlin in the mid -90s and some of those off plan flats are empty today and 4 million people live in Berlin!

My own personal tip is Romanian cities (Brasov,Iasi, Cluj and Bucahrest) and Istanbul environs - just don't for coastal.....