About Property in Bulgaria
Bulgarian holiday properties are very popular with buyers from Russia.
It is a good way for the Russians to invest their money, as well as to
have a good rest, which certainly this beautiful country can offer.
One of the benefits and advantages of the Bulgarian real estate, no
doubt, is its reasonable price. Appartments in Bulgaria are relatively
inexpensive, and if taken into account the reduced property prices over
the past two years, quite cheap. Minimum prices for small apartments
(studios) are in a price range of 22 to 60 thousand euros. One bedroom
apartments ranging from 40 to 70 square meters. are sold from 35 to 60
thousand euros, while prices for apartments with two bedrooms with a
total area up to 100 square meters. is 75-100 thousand euros. The prices
on the resort real estate is much lower than in the capital and other
major cities in Bulgaria. Even on the front line, at the moment, the
complex level of four stars, you can buy an apartment at the price of
750 EUR sq.m. In the past year the desire of the Russian consumer to
buy a house or a villa by the sea, even at a distance of 20 km. in
villages or small towns, which are concentrated around the coastal zone,
as well as plots of land has significantly increased. This property is
in demand for the same reason - low prices and a simplified procedure
for buying a business name.
It's no secret that Russian buyers,are interested in buying property in
Bulgaria rather in its capacity as a summer or winter residence, that
is primarily for recreation rather than for rent, in contrast to other
investors such as British, Irish, Polish, etc.over the past two years.
In regards to this, the question arises, where it is most advantageous
to buy real estate - in major resorts and cities, or in small and cozy
places. Undoubtedly, it is even better if your property is located in
such towns like Kavarna, Sozopol, St. Vlas, Chernomorets, Balchik or
Tsarevo. Here is an opportunity to fully enjoy the tranquility, rest,
warm and clean sea, compared with the large resorts. But under the
lease, of course,the more suitable places are the crowded Sunny Beach,
Golden Sands, Varna, Burgas. In these spas and cities there is no
problem in finding tenants.
However, the value of land and buildings is determined not only by the
city in which it is located. One of the main factors of investment
attraction should be considered as the location of the object relative
to the coastline. The closer to the sea, the more likely to sell such an
object for a price greater than the one you bought it. The main
factor, however, must be regarded as quality construction.
What impact has the financial crisis on the development of real estate
in Bulgaria? Coarse. The world financial crisis has not bypassed any
sphere of activity, not a single country. Most acutely its influence was
felt by local investors and developers in the early 2009 and almost
until the end of its second decade.Since the beginning of 2010. there
has been a visible recovery of the real estate market in the country.
This confirms the view of many local and foreign analysts about its
weakening and that the end is near. The crisis is not eternal! The sea,
mountains and the air do not lend themselves to it.
