Bulgaria (officially Republic of Bulgaria) is a country in Southeastern Europe, located in the eastern part of the Balkan Peninsula. The country is a member of the EU, UN, NATO and is a founding state of the OSCE.
The climate is temperate, transitional to the Mediterranean in the south. On the plains, average temperatures in January range from −2 to 2°C, and in July to 25°C.
Bulgaria's economy is part of the European Single Market and is mainly based on services, followed by industry, especially engineering and the extraction of metals, minerals and processing of raw materials, and agriculture. Tourism is also one of the main sectors of the economy. Warm, clean and calm sea, mountains, many mineral springs with healing waters, monuments of culture and architecture, lively, colorful folklore - all this attracts millions of tourists.
Advantages of living and investing in Bulgaria:
- rich nature;
- mild comfortable climate;
- clean beaches (most are awarded the Blue Flag), warm sea;
- the possibility of recreation throughout the year (a large number of summer and ski resorts with a European level of service);
- the presence of mineral springs;
- economic stability;
- low cost of living;
- low prices in the secondary market;
- the possibility of obtaining a stable passive income and a residence permit.
How to profitably buy an apartment in Bulgaria: offers on the market
Investing in Bulgarian real estate is considered one of the most popular investment options. At the moment, secondary real estate in Bulgaria is in great demand, the country is in the top in terms of sales of objects.
An important argument for buying a home on the secondary market in Bulgaria is a wide selection of quality apartments (one-room, two-room, studios, apartments near the sea and in the mountains, etc.).
Another advantage of buying an apartment in Bulgaria is that the country is considered one of the most affordable in terms of resale property prices. Even on the first line from the sea, housing in Bulgaria is sold cheaper than usual in European resort locations.
The most popular type of housing are apartments in Bulgaria. Residential complexes offer a number of amenities: protected area, video surveillance, parking, walking area, etc. Sale of apartments is currently carried out in all cities and regions. Resale property in Bulgaria on the coast is in high demand among buyers. You can buy housing by the sea in Bulgaria for your own living or renting out in popular resort areas - Burgas, Varna, Nessebar, Sozopol, St. Vlas, etc.
Website for buying and selling apartments in Bulgaria
The GEOLN.COM website with a user-friendly search interface helps investors to find and buy apartments in Bulgaria by the sea inexpensively. Thanks to the website, it is possible to select apartments quickly and easily, according to the required parameters without intermediaries, use the advice of specialists. The catalog contains verified objects of the city, which are placed on the site by homeowners on their own.
The cost of an apartment in Bulgaria
Housing prices in Bulgaria range on average from 500 to 800 euros per square meter, luxury real estate will cost from 1000 euros per square meter. So, a studio with furniture can be found from 12-13 thousand euros on the coast, for a 2-room apartment you will have to pay 30-40 thousand euros (depending on the house and area). Accordingly, it is quite possible to buy cheap apartments in Bulgaria.
Sofia is one of the cheapest capitals in Europe, where the price in the city center per square meter ranges from $1,000 to $2,000.
In resort locations, you can also buy inexpensive apartments. For example, studio apartments with a minimum area in a building built in 2007 near Sunny Beach can be purchased at a price of 11-12 thousand euros, a two-room apartment in St. Vlas with an area of 57 sq.m in a premium complex in 2015 - for 67.8 thousand euros.
The demand for high-quality resale property in Bulgaria exceeds supply, so prices continue to rise. Experts predict price growth of 10-15%, which is also associated with global inflation. This indicates an increase in the potential return on investment and an increase in the profitability of facilities.
How to buy an apartment in Bulgaria: the nuances of investing
There are no restrictions on buying apartments in Bulgaria for foreigners. The process of buying and selling is completely transparent: after choosing a property, you must make a reservation deposit, which does not exceed 10% of the cost of the apartment, the property is removed from sale and a preliminary contract is signed. The title deed is signed by a Bulgarian notary.
However, before buying, we recommend not only viewing the photos of the selected object, but also reading the reviews of the residents of the house and the area. We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of apartments in Bulgaria from the owners according to individual parameters. The purchase and sale of apartments in Bulgaria is accompanied by professionals who provide the preparation of the necessary documents and the complex execution of transactions.
Buying a home in Bulgaria is a profitable investment that guarantees income in an amazing Balkan country, which is ideal for holidays, living and investments.
Apartment prices in Bulgaria
| City | Price from |
|---|---|
| Kardzhali | 125,000$ |
| Plovdiv | 2,950,000$ |
| Shumen | 80,000$ |
| Sofia | 128,000$ |
| Sunny Beach | 52,000$ |
| Sveti Vlas | 67,000$ |
| Targovishte | 44,000$ |
| Varna | 1,050,000$ |