Why it is profitable to buy real estate in Bulgaria?
Prices and analytics
At the beginning of 2020 experts predicted the stability of the real estate market in Bulgaria in comparison with 2019, when there was a high dynamics of price growth. According to the forecasts, the value per square meter should have risen to 4-5%. However, the coronavirus pandemic has made significant adjustments.
Today, experts are unanimously convinced that there will be no increase in real estate price quotations in the country.
At the same time, the prices for urban real estate in Bulgaria (the most popular for life cities Burgas, Varna, Sofia, Plovdiv) will remain at the current level and may even go up a little, and in resorts, there will be a noticeable reduction in the established price bar.
This thesis is supported by concrete facts. Some private individuals are already ready to make concessions when selling real estate for real buyers, and developers are actively launching marketing campaigns designed to stimulate demand. This trend is particularly characteristic of Russians who have shown a high interest in Bulgaria in recent years. Property owners from Russia, against the background of the economic fall of the ruble and financial instability, are selling assets at prices that are half as low as those at the time of purchase.
For example, at the moment the price of a flat in Sunny Beach on the first line starts at 35,000 euros, apartments on the sea coast at 15,000 euros and studios at 7,200 euros.
Such prices have already attracted the attention of potential investors from Germany, the Czech Republic, Slovakia, Poland, the Netherlands, Israel, the Baltic States, and even North America. They all want to take advantage of the great opportunity to buy a flat by the sea in Bulgaria at a low cost. All the more so as experts predict that the price trend will return to 2021.
