Varna is a resort city located on the Black Sea coast in Bulgaria. It is the center of the resort region, a major seaport, as well as the base of the Bulgarian military and merchant fleet.
The climate is humid subtropical: summers are relatively hot and dry, winters are mild with rare frosts.
Varna is an important industrial, economic, cultural, tourist and financial center of Bulgaria. Textile, shipbuilding and ship repair plants operate in the city. Tourism plays an important role: the picturesque coast, sandy beaches and balneological centers have made the city a favorite place for rest and treatment of Europeans.
Advantages of living and investing in Varna:
- picturesque nature;
- mild comfortable climate;
- clean beaches, warm sea;
- developed infrastructure;
- many architectural monuments and sights;
- good location, excellent transport links;
- one of the most popular and famous resorts, which is visited by many tourists;
- low cost of living;
- flexible pricing policy of secondary real estate;
- the possibility of obtaining a stable passive income and a residence permit.
How to profitably buy an apartment in Varna: offers on the market
The secondary market of Varna offers a wide range of quality apartments. In the city you can choose inexpensive housing, luxurious apartments in a recreational area, luxury real estate for further renting out. An apartment in Varna attracts foreign investors who are looking for profitable investment options. Varna has well-established transport links and developed infrastructure, so living is comfortable in any part of the city, and renting an object is highly profitable (a stream of tourists, students and those who are looking for new business opportunities are sent here throughout the year). The most appreciated apartments are located in the center of Varna and on the first coastline.
The best areas of the city where you can buy apartments for your own living are Center, Breeze, Chaika, Vozrozhdenie, Levski, as there are many attractions and all the necessary infrastructure is nearby. It is profitable to purchase properties by the sea in coastal resort areas (Asparuhovo, Galata, Greek Mahala, Chaika). This is a great option for both seasonal owners and for income from renting out to tourists.
Website for buying and selling apartments in Varna
The GEOLN.COM website with a user-friendly search interface helps investors to find and buy apartments in Varna inexpensively. Thanks to the website, you can quickly and easily select housing according to the required parameters without intermediaries and 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 apartments in Varna
Resale in Varna is relatively expensive compared to the cost in other parts of the country, but if you compare its price range with European resorts of a similar climatic location, then the prices are quite affordable.
Prices for apartments in Varna depend on the location, the year of construction and commissioning of the house, the availability of furniture, the design of the local area, etc. The average cost of an apartment starts from 700-800 euros per square meter, apartments with panoramic views of the sea, park, in the city center or near the beach - from 800-2000 euros per square meter. So, a one-room apartment or studio in the city costs about 30-35 thousand euros, a two-room apartment - 50-80 thousand euros. You can buy cheap apartments in Varna in remote areas, for example, Vozrozhdeniye 1, 2, 3. A square meter of living space here can cost 500-550 euros.
How to buy an apartment in Varna: the nuances of investing
There are no restrictions on the purchase of an apartment in Varna 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 an apartment from the owner according to individual parameters. The purchase and sale of apartments in Varna is accompanied by professionals who provide the preparation of the necessary documents and the complex execution of transactions.
Buying a home in Varna is a profitable investment that guarantees income, the opportunity to live and relax in one of the most dynamic resort cities in Bulgaria, which attracts with its rich cultural heritage, rapid and successful development of infrastructure, opportunities for personal and professional growth.