Balchik is located on the Northern Black Sea coast. A town and seaside resort, situated terrace-like on a small bay on the Black Sea, Balchik is 31 km North of Varna in a beautiful inlet, 37 km south-east of Dobrich and 500 km East from Sofia. Owing to its favourable location, Balchik is the third in significance Bulgarian port, after Varna and Bourgas. Balchik has a long history. It springs to life towards the end of the 6th C. B.C. as the ancient Greek colony Crunoi (later Dionysopolis). After the Balkan War in 1913 it was included in the territories of Romania. At that time Queen Maria, struck by the beauty of the place, built a palace and a botanical garden, a chapel and a villa complex for the Romanian aristocrats. The town has many historical and natural attractions, narrow beach strips, hotels, camping grounds. Apart from the palace complex and the botanical garden, which is the biggest and most diverse on the Balkans, the town also attracts tourists with its ancient spirit, reflected into steep pebbled streets and houses made of stone and adobe. The ancient atmosphere of the town has been preserved for centuries now.
The property prices in Balchik constantly grow up and in the coming summer they could be even higher. The property market has seen a steady growth in the last years as demand is directed to houses, villas and building plots, which is an indicator for a high level of building activity during the next few years. Several golf courses are planned in the vicinity, so the property prices will likely continue to grow.