Location on the map, climate, economy
Bulgaria (officially the Republic of Bulgaria) is a country in southeastern Europe, located in the eastern part of the Balkan Peninsula. It is a member of the EU, UN, and NATO, and is a founding member of the OSCE.
The climate is temperate, transitioning to Mediterranean in the south. In the plains, average January temperatures range from -2 to 2°C, and July temperatures reach up to 25°C.
Bulgaria's economy is part of the European Single Market and relies primarily on services, followed by industry, particularly mechanical engineering and metal mining, mineral extraction and processing, and agriculture. Tourism is also a key economic sector. The warm, clean, and calm sea, mountains, numerous mineral springs with healing waters, cultural and architectural monuments, and vibrant, colorful folklore all attract millions of tourists.
New Construction Market in Bulgaria
Investing in real estate from a developer in Bulgaria is considered a popular investment option. Currently, new-build properties in Bulgaria are in high demand among both foreign and local buyers, and the country ranks among the top in terms of property sales. New buildings are popular due to their modern design, high-quality construction, and the option to pay in installments. Such projects are considered profitable investments, as modern apartments are much easier to rent out for both long- and short-term periods.
Residential complexes in Bulgaria offer a range of amenities: secure grounds, video surveillance, parking, promenades, swimming pools, and more. New buildings in Bulgaria, especially in recent years, have been built in accordance with European safety and energy efficiency standards using modern building materials. Real estate in Bulgaria directly from the developer includes completely new features, from utilities to elevators. Houses, villas, and apartments feature modern layouts and amenities. Infrastructure planning is included during the development of the neighborhood.
Apartments are currently available for sale in all cities and regions.
New developments on the coast in Bulgaria are in high demand among buyers. Buying a new-build apartment by the sea in Bulgaria is a great option for personal use or rental in popular resort locations (Burgas, Varna, Nessebar, Sozopol, Sveti Vlas, etc.).
Prices for New-Build Apartments in Bulgaria
A compelling argument for buying an apartment in Bulgaria is that the country is considered one of the most affordable. Even seafront properties in Bulgaria are sold at prices lower than typical European resort areas. Experts note that residential real estate in Bulgaria has a particularly strong upward trend (on average, real estate prices have increased by 10% over the past year). The largest price increases have been seen in the country's major cities: Varna, Burgas, Sofia, and Plovdiv. Prices in seaside resorts are also rising, but at a slower pace. The minimum price for a new-build property in Bulgaria is:
- Sunny Beach – €10,500;
- Sveti Vlas – €30,600;
- Nessebar – €23,300;
- Sozopol – €28,890;
- Ravda – €30,030;
- Pomorie – €30,660;
- Sarafovo – €61,200;
- Burgas – €60,000;
- Varna – €60,000.
New-Build Bulgarian Real Estate (Types)
Potential investors can choose from the following types of new-build properties:
- residential (apartments, apartments, townhouses, private homes, villas, etc.);
- commercial (offices, retail space, hotels, restaurants, cafes, etc.).