All real estate in Burgas, Bulgaria

Location, climate, infrastructure

Burgas is the largest city in South-Eastern Bulgaria, the second largest on the Black Sea coast of the country. It is located on the shores of the Burgas Bay at an altitude of 19 meters above sea level. Here is the country's second largest seaport and an international airport. The climate is subtropical with warm summers and mild winters.

Today Burgas is developing mainly as an industrial and commercial center. Representative offices of foreign companies, commercial organizations, banks, government agencies operate in the city. The tourism and services sector, vocational education and medical care are actively developing. Burgas is rich in history; there are many museums and architectural monuments. This is a modern city where rapid development is harmoniously combined with peace and comfort.

Why it is profitable to buy real estate in Burgas

Investments in construction, tourism, business have led to the transformation of Burgas into a prosperous seaside city, where residents of other regions of Bulgaria and foreigners move for permanent residence. The demand for real estate here is constant, which allows even during periods of instability to receive income from buying an apartment or house. Among other advantages of buying real estate in Burgas, it is worth noting the following:

• mild comfortable climate and picturesque nature;
• convenient location, well-developed transport links;
• developed tourist and social infrastructure, entertainment industry;
• recognized as the most convenient city to live in Bulgaria;
• one of the most popular and famous resorts, which is visited by many tourists;
• beaches within walking distance;
• high standard of living and decent wages (in comparison with other regions of the country);
• a wide range of real estate objects;
• affordable price range of real estate;
• the possibility of obtaining a stable passive income and a residence permit.

Residential real estate in Burgas is attractive both for investment purposes and for personal living, as it is comfortable to live, work and relax in the city. The investment is easily paid off if the object is rented out. Hundreds of thousands of tourists from different cities visit the region every year.

The real estate market in Burgas offers a wide range of offers, presented by objects of various sizes and layouts, located by the sea and in the historical center. New buildings in the residential complex of Burgas, which are put into operation, comply with building codes, as evidenced by customer reviews. When selling projects under construction, developers offer promotions, discounts, installment payments, mortgage lending.

Housing prices are constantly growing here, so buying real estate in Burgas is profitable as a highly profitable investment (yield is 7-10% per annum).

The cost of real estate in Burgas

Real estate prices in Burgas are different. In areas far from the sea and the center, a square meter of living space in a new building (without renovation) or an old panel house (with renovation) costs 500-600 euros. In the quarters of Izgrev, Zornitsa, characterized by a developed infrastructure, the price reaches 800 euros per m2 (here it is profitable to buy an apartment from a developer). For the same amount you can buy an apartment in the elite coastal areas of Sarafovo and Kraimorie. In the center of Burgas, the Lazur district, located by the sea and the central part of the city, the price of apartments rarely falls below 900-1000 euros per sq.m. (on average 1000-1200 euros per square meter). In elite new buildings with excellent sea views, modern renovation and designer furniture, prices per square meter reach 1300-1500 euros.

The cost of a house in Burgas in the areas of Gorno Ezerovo, Dolno Ezerovo, Cherno-More is 550-600 euros per square meter (with land plots and furniture). In Sarafovo, based on the calculation of 650-750 euros per m2, you can buy a two-, three-story townhouse under construction, 300 meters from the sea with a small courtyard. Houses with a gorgeous sea view cost about 1000-1500 euros per square meter.

Types of real estate for sale

• Potential investors can choose the following types of real estate in Burgas:
• residential (apartment, townhouse, detached house, villa, cottage, flat, etc.);
• commercial (shopping space, office space, warehouses, industrial premises, etc.);
• land plots.

 Real estate website in Burgas

The GEOLN.COM real estate website with a user-friendly search interface helps investors to find and buy residential property in Burgas. On the site you can choose apartments according to the necessary parameters without intermediaries and take advantage of the advice of specialists.

Buying property in Burgas by foreigners: the nuances of investment

Foreign citizens can buy property in Burgas on the same basis as the citizens of the country, but do not have the right to acquire land, with the exception of registering ownership of a legal entity-company opened in Bulgaria. 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.

We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of objects according to individual parameters, provide a comprehensive service to support the safe execution of a transaction. Buying and selling real estate in Burgas is carried out by professionals with many years of experience.

Buying a property in Burgas is a profitable investment with a reasonable calculation of income from the rental and resale of housing in the most popular resort in the country with excellent opportunities for recreation and comfortable conditions for permanent residence.