Higher rents in Burgas – € 650 for a flat near the sea
The growth of the real immovable property market on the Southern region of the Black Sea amounts to 10%, the Russian clients who look for an all-year-round residence, are heading to the bigger cities, estate agents’ surveillance shows.A new group of clients is currently forming – Russian families of an age to work are looking for properties within the price range of € 800 – 1000 per sq. m. as the offering in this segment lags behind the demand, Stefka Tomova.Except for the Russians, Bulgarian clients are an active market group as well.The budget that is at the disposal of a huge part of the local candidate-buyers, amounts to € 30 – 40 000.The price corresponds to a well maintained two-room property.
The rents have increased drastically One of the factors in Burgas is the business of the Lukoil company and the foreign experts, who come according to a contract with the integrated works. The rents have increased from € 340-350 to € 650 for the properties that are located in the area close to the Marine Garden. Except for Russians, citizens from Israel with Russian origin show interest to immovable properties in Bulgaria., representatives from estate agencies reveal. They have come experimentally to rent a property within one year and most of them decided to settle in Bulgaria.
10 000 Russian citizens live currently in the town, 400 Russian children began to learn in schools here, Krasimir Stoichev, Deputy Mayor of the municipality of Burgas says in a debate.He focused on the fact that the main goal of the local administration is to make enough attractions in the town, so that the tourists on the Black Sea can stay here more than one day when they enter the town. A new transport scheme will be able to facilitate the trip for the people, that own a property on the Black Sea coast. Stoichev explains that this scheme reminds of a organization in Vienna – it is divided into three stages. Estate agents render an account of a more dynamic market this year. The total deal growth amounts to 10%.
Data of the registration agencies show that the deals in Pomorie have the largest share during the recent year. A slight slump in Nessebar is registered but according to the number of the deals Nessebar lines up among the large cities such as Varna and Burgas.
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