Monday, October 31, 2005

New York Times: A Second Home in Bulgaria?

Keywords: Nesebar

"But Suzanne Halmer is not the least bit concerned. A teacher's assistant in Los Angeles, Ms. Halmer postponed her dreams of a Paris apartment and, instead, paid 22,000 euros (about $27,000) this year for a 400-square-foot studio in Bulgaria. It is part of a new resort called Sunny Beach, near the old town of Nesebur, that looks like a mini-Florida development on the Black Sea.

'Five years from now, it's going to be worth 85,000 euros,' said Ms. Halmer, 47, who also owns a ski condo in Park City, Utah. 'I'm not crazy about Bulgaria, but I'm crazy about the prices.' "
Source: New York Times