Property market in Bulgaria

14.05.2010

The most searched properties in Bulgaria are two – bedrooms apartments with iving area of 60 – 70 sq.m. The average amount, that the buyers pay at the moment for such housing in some regions in the bigger cities (Sofia, varna, bourgas), is 40 – 50 000 EUR.
Searching real estates in the segment is almost exclusively for satisfaction for their own needs. The investment goal of purchase begins to be felt only in recent weeks.
As an interesting trend of Bourgas and Varna is searching houses for permanent living in the surrounding villages, because of significantly lower prices. For example in village that is located 15-30km away from Varna you can buy new house with two bedrooms, a living room for the price of 20-25000 EUR., while in the city for this amount you can buy only studio.
The main factor for taking purchasing decision is the price. Other possible incentives are the leasing, including in the price additional extras – finishing works, built – in furniture, electric appliance.
Another important factor is the construction type and the extent of readiness. During the period almost is missing searching of properties in early construction stages, as these properties appear to be with high risk. The main condition for purchasing an apartment in new construction is at least presence of Act. 15, and in most cases – use permit.

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