Varna, Bulgaria. All new buildings

An apartment in a new building in Varna - reasonable, profitable.

Varna on the map

Varna is located in the north-east of the country, on the Black Sea coast of Bulgaria, near the border with Romania. Varna is a port city and resort in Bulgaria. To the west of the city there is a lake, into which the Provadiyska river flows.

Why Varna?

Pensioners from the CIS countries choose Bulgaria and the city of Varna during the holiday season for living and recreation. In the city, the feeling of the capital doesn’t leave the tourists, all conditions for a comfortable life have been created, and one more indisputable advantage: the sun and the sea. According to the Bulgarian media, Varna is one of the most livable cities in Bulgaria and has the award of the most promising city in the country.

It definitely makes sense to buy an apartment in Varna in new buildings and it is more profitable.

Since 2010, the demand for apartments for permanent residence began to grow and, as a result, the approach of developers to construction has changed. There are modern apartment complexes for year-round living. Currently, construction is carried out in accordance with European standards, environmentally friendly materials from the best manufacturers are used. Heat and waterproofing ensure comfortable and long-term use.

New buildings in Varna are characterized by original architecture, allow you to choose residential complexes in Varna for the price and layout, number of storeys. Take into account in advance the issues related to the need to install equipment for heating. Investments in the residential complex of Varna are profitable not only from the point of view of further sale, but also from the point of view of leasing, which is also in demand in Varna during the holiday season.

Prices for new buildings in Varna. Areas of Varna for life, business and investment

Since Varna is a seaside resort, real estate here is considered inexpensive only by European standards. According to statistics, the cost of new apartments is the highest in the country. In Varna, you will have to spend money not only on housing, but also on utilities.

It is not worth looking for cheap real estate in the center, but it is in the central part of the city in Varna that liquid new buildings are located. The area has direct access to the sea and is of most interest to tourists. From here you can go to the Golden Sands resort, it’s only about ten minutes away. The outskirts are built up with long panel high-rise buildings from the socialist past. There are new buildings those areas too.

According to the information provided by GEOLN.COM, the price per square meter in new buildings from developers starts from $1,150.

Features of the acquisition of real estate in new buildings in Varna by foreigners in Bulgaria

There are no restrictions for the purchase of real estate (apartments, studios) by foreign citizens in apartment buildings.

Buying land and houses with their own territory is possible only for a legal entity. The exception is EU citizens.

Expenses for the maintenance and ownership of real estate in Varna, social payments and taxation

Approximate costs for the summer period will be from 30 euros per month, for the cold or heating season - from 50 euros per month, including payments for electricity and water. Additional costs may be the payment of security at the residential complex. Having become the owner of real estate, you will have to pay the annual property tax and garbage collection - 15 - 150 euros per year.

Compulsory social insurance - from 35 euros per person per month. According to the new provisions of the law, foreign citizens residing in the country must have health insurance. It is worth considering the payment of annual taxes, VAT, as well as income tax.

Food in Bulgaria costs residents of the country only 50 - 100 euros per month per person. Travel by public transport will cost 0.5 euros, in the resort village it is more convenient and profitable to use personal transport. Petrol prices at current rates are 2.5 Bulgarian levs per 1 liter, and a taxi ride costs from 0.7 Bulgarian levs per 1 km.

Tourism and vacation. Highlights of Varna

The climate of Varna is close to the Mediterranean (humid, subtropical). Permanent snow cover in Varna is not established, and climatic winter does not come in the city. Varna is the largest center of theatrical art and historical architecture, in the central part of the city there is Independence Square - a huge pedestrian zone where there is no transport.

The square has: Varna Drama Theater and Opera House, and between them the market. The 19th century Assumption Cathedral is located on the neighboring Cyril and Methodius Square. The most important monument is the ruins of the Roman baths; you can retire in the Seaside Park. There is a planetarium, the Palace of Culture and Sports, and a zoo. Excursions are arranged to Varna Lake, on the shore of the ruins of an ancient basilica. The Archaeological Museum can tell about the finds.

There is an aquarium in Varna, in the immediate vicinity there is a Stone Forest. Its main feature is the variety of stone columns, which may be 50 million years old. You should definitely take a walk in the Langosa Nature Reserve.

Top five best noteworthy According to the 2021 version of the city of Varna are:

• Sea Garden
• Historical Park
• Hotel International Casino
• The Retro Museum In Varna
• Nirvana Beach

Apartments in new buildings, investment in new buildings in Varna is comfort, benefit combined with a close mentality and a focus on European values, as well as quality spa medicine. Be healthy and happy by the sea in Varna!

Prices per sq. m. in popular districts of Varna

District	Prices, from
Chayka	500$ / m2
Kaysieva gradina	1145$ / m2
Euxinograd	650$ / m2
Vinitsa	730$ / m2