Bulgaria properties are, like anywhere else, extremely diverse and it is possible to buy whatever type you wish. If you look through the newspapers or in magazines you could be forgiven for thinking that property is restricted to apartments. However while it is true that there are many thousands of apartments to choose from, there are lots of other Bulgaria properties on the market: apartments, off-plan properties, villas, rural houses, town houses, downtown properties, cottages, hotels, parcels, industrial land, land for constructions, agricultural land, guaranteed rental properties. The capital city Sofia has the biggest demand for properties, closely followed by Varna - the biggest city on the Black Sea Coast. We have to mention also a few other bigger cities and regional centers in the country like the cities of Veliko Tarnovo, Plovdiv, Stara Zagora and Bourgas. This demand in Bulgaria’s biggest cities is being driven as well as by local buyers and by foreign buyers. This is because of several reasons: • Demand for luxury residential properties for long-term rent both by local tenants and increased number of foreigners coming to work in Bulgaria • Highest capital growth and profit from re-sales of properties purchased 2-3 years ago • Highest return from rentals due to all-year round occupancy • Sofia still remains the European capital with the lowest property prices • Strong potential for future property growth • Limited availability of plots for development, especially in the central parts and the prestigious residential areas. Good opportunities to consider for prime Bulgaria properties are the smaller beach resorts at the Southern Black Sea coast like Lozenets and Tsarevo which have great potential both as holiday destinations and as investment opportunities, but still remain undiscovered by the majority of the foreign property investors. These areas indicate much lower property prices than the popular international resorts like Sunny Beach and Golden Sands, but it is now time to buy in the smaller resorts on the Southern coast, as the first signs for future growth have appeared. These underestimated areas are offering great natural conditions, wide sandy beaches, longer and warmer summer days, easy access to the international airport and increased number of holiday makers during the last couple of years. Don’t forget that these places are not over-built like most of the popular beach resorts which additionally adds value to any property purchased there.
Among the most wanted and searchable Bulgaria properties are the ski resorts: Bansko’s property prices are stable at the moment and no serious increase has been indicated during the last few months. There is a good variety of offers in this resort and buyers will benefit from great standards of the proposed developments and complexes for sale. This is the best developed market out of all the ski resorts in the country and it seems that the competition between the local developers is now working for the benefit of the buyers. Recently news for the approved construction of a second Gondola lift in Bansko to match the increased number of skiers in Bulgaria’s best ski resort was announced. Apart from the first golf course in the region (Pirin Golf, some 8 km from Bansko), there are plans for another golf course just 2 km from the resort and probably two more courses south of the nearby town of Razlog. The region of Razlog is one of the best ones for prime properties investment now. We have many reasons to believe that over the next 5 years, the area of Bansko will turn into the best all year-round mountain destination in Bulgaria, mostly due to its strategic location and great resort and leisure infrastructure currently under construction. There is no other mountain area in the country offering so much to holiday makers. The most interesting news lately comes from Pamporovo. This ski resort in the Rhodope Mountains has serious indications for future growth with demand by smaller or bigger investors. Mostly due to the fact that the local project for development of a new and bigger skiing area and resort (the project is called Perelik) is fast approaching. The contract for the development of the new skiing area and resort was signed last week, which grants a green light for the project. There are number of interesting development projects in Pamporovo at the moment with more high quality ones in the pipe-line. It is recommended to the prime Bulgaria properties buyers to diversify their investments by purchasing one or more Bulgaria property in countryside. These properties feature great value for the price and they are selling for between 8,000 to 80,000 Euros. In practice, every re-sale in the future accumulates good profit. All our buyers who have re-sold their rural properties so far have generated profit and managed to sell their rural houses bought 2-3 years ago at 70 % to 100 % higher prices. The prices continue to grow, although with lower rate than the capital and city properties.
Here are some of our suggestions for prime Bulgaria properties - our site primepropertybulgaria.co.uk is the best place you can find it! |
