Among other countries in Europe, there is a small but very interesting Bulgaria. So popular with tourists for its picturesque landscapes, fascinating architecture, gentle sea, and snow-capped peaks. An inexhaustible flow of tourists not only from Europe but also from other countries come here to have a rest.
In addition to tourists, the country is attractive for investors. The Bulgarian government is very interested in attracting foreign investment funds. Therefore, here you do not need to be a citizen of the country to easily buy a flat and get together with it additional bonuses. For example, a multi-visa, on which you can stay in the country for three months in six months. You can live here yourself or rent out the property, thus providing yourself with passive income.
Since investments are made to earn money, it will be profitable to invest in a property that is steadily increasing in value and maintains its position in the market.
Property prices in Bulgaria 2024
Based on the experience of the last year, we can say that the changes in property prices in Bulgaria will be in the direction of a higher index. The country has experienced both ups and downs in prices, but in the last few years, there has been a steady and rapid increase. In the middle of 2023, the demand in the market has waned slightly, but this has not provoked a drop in value. It's as if the market has frozen in anticipation.
Meanwhile, experts predict a sharp jump in prices for flats in Bulgaria. The year 2024 promises to be interesting, as the government has taken several steps to join the Eurozone. They promise that this will provoke an increase in prices for residential property in Bulgaria and interest from EU citizens. Because without currency conversion, it will be favorable for them to buy.
In addition, the rise in prices will be due to the increase in construction costs. Because the standards, minimum wages, and, accordingly, the cost of building materials will increase. Of course, the increase can not affect only new buildings. The secondary market will also follow.
Flat prices in Bulgaria: Sunny Beach
Sunny Beach is not only one of the most popular resorts on the coast but also the most colourful in terms of public. Housing here can be found for every pocket and taste: from cheap and unpretentious to luxury apartments. For example: studios here will cost from twenty-eight thousand euros, apartments - from thirty-seven, and houses - from seventy-five thousand euros. There is a lot to choose from.
Prices for flats in Bulgaria: Burgas
The fourth most populous and culturally developed port city is Burgas. It is impossible not to fall in love with this romantic and cosy city. Wide sandy beach, well-maintained modern park, restaurants, hotels. Bourgas attracts tourists, which means that it is interesting for investment. On the secondary market prices here range from 1000 to 1500 euros per square metre. In new buildings - up to 2500 per square metre. In general, there is a lot to choose from.
Take advantage of Bulgarian Resales
Selling or buying a flat in Bulgaria is not that difficult in terms of paperwork. It is much more difficult to choose a city because each city is beautiful in its way. With its architecture and heritage. When selling, it is necessary not to waste all the money on tickets, while you go to show the object to buyers. And, of course, it is important not to fall into the hands of scammers.
Bulgarian Resales has been in the property market since 2009. The agency with Bulgarian and European licences works honestly and openly. If you want to buy a flat, in our catalogue you will find an object to your liking. We have collected offers: secondary market, primary market from the developer, inexpensive offers, flats and apartments, as well as studios on the coast. If to sell, we will help to do it favourably and without risks. Our company will help to make a deal even remotely.
The dynamics of property prices in Bulgaria in 2024 will continue to increase. And if you are still hesitating, about whether to take or to observe the market, do not waste time. Buy now. And we will help you with it.
