More than 200 hotels in the region of the Bulgaria southern Black Sea coast are put up for sale. This was announced by the information website “Dnes plus”, citing data from various real estate companies.

The owners of 85 of the hotels demand prices over 1 million euro. Several apartment buildings adapted for tourist needs in the region are also for sale. Their prices are over 3000 euro per square meter. According to brokers, the crisis in the real estate market automatically excludes real estates with prices like these, because of the lack of demand. The record setting price is 3333,33 euro/square meter for a small family hotel in Bulgaria’s Nesebar.