Our consultants noted that many residents of the CIS countries, interested in property in Bulgaria, except for those who often it happens, not quite correctly represent this country.
So, we decided to dispel some common myths, how about the whole country and about the real estate market in Bulgaria. Let's see how things really are?
Myth # 1. Bulgaria – a relic of the socialist past
Many don't even want to consider Bulgaria as a country for investment. In their view, Bulgaria has remained at the same level of development, which refers to the time of existence of the USSR. However, it is just one day to visit this country, to be fully sure that it is not.
Consider a few areas:
- The development of resorts. Sea and ski resorts in Bulgaria are gaining increasing popularity among tourists and simultaneously "grow". Investment of the European Union do to develop this area of the economy. Built resort towns, there are new parks, restaurants, water parks, clubs and other entertainment complexes.
- The construction of new roads. Over the last few years a significant portion of the budget was allocated for the construction and repair of roads. In particular, they have created a new motorway Sofia-Burgas. This road from the capital of Bulgaria to the black sea coast can be reached in just 3 hours, in contrast to the 5 hours that it was necessary to spend earlier.
- Environmental cleanliness. It is worth noting that most of the beaches of Bulgaria annually awarded the Blue flag, which indicates the purity of water in the sea and its high standards FEE – organization that protects the environment. In addition Bulgaria has many protected areas, especially near mountains. In their territory there are some settlements, guided tours and hikes.
- The quality of real estate. In Bulgaria buy property not only wealthy Russian citizens, but also citizens of other countries of Europe and not only. And so as the requirements of buyers from developed countries to high estate, Bulgarian developers are forced to focus on their "whims". This is clearly reflected in the quality of construction, development of infrastructure and the style in which you are running the new buildings.
Now on the Bulgarian real estate market posted a lot of ads for the sale of elite real estate: apartments, villas, hotels. Increasingly, residential complexes surrounded by a protected area, where you can find everything: SPAS, restaurants with exotic cuisine, playgrounds and gardens, beauty salons, shopping centers, etc. is a good example and in Sunny beach" href="/cities/solnechnyiy_bereg/">real estate in Sunny beach, which is one of the most popular Bulgarian resorts.
The new estate has large areas of bathrooms, kitchens and other rooms, as well as an expensive decoration in the style of hi-tech, Baroque, classicism something there for every taste.
Myth # 2. Bulgaria – solid cheapness
People tend to exaggerate, especially when they talk about certain advantages. The same is the case with Bulgaria. Noticing the advantages of prices in this country, for example in comparison with Spain, some began to argue that "in Bulgaria, everything is cheap and luxury properties also incredibly cheap. But it's not. Low prices are formed not on an empty place. Cheap means, there are disadvantages: the location in relation to the centre or to the sea, the quality of construction, infrastructure, etc.
Yes, compared to European prices for utilities and food are really much lower. But to buy a luxury apartment in a residential complex with sea view "cheaper" will not work. For comfort you have to pay, even in Bulgaria. Should be realistic so that you can stay within a planned budget. This can help realtors who know the situation in Bulgaria. They will answer all Your questions and talk about how much money you can expect with certain demands of the buyer, on what you can save, etc.
Myth # 3. Bulgaria is a typical European country
Bulgaria, although part of the EU, not much like the Western Europe. No, in any case, we cannot say that it is worse. She identity. Local legislation is very close to the Russian device. Happy atmosphere in supermarkets: food prices – the lowest in Europe. In addition, Bulgaria is not yet part of the Schengen area, and that a Russian citizen to continue their journey to other European countries will need a visa.
In some respects the Bulgarian state is not yet as developed as Western European countries, this also applies to the railroads, which have not yet been upgraded to modern standards.
Myth # 4. Bulgaria is a victim of the economic crisis
Many expect that property prices in Bulgaria will continue to decline under the pressure of economic crisis. This opinion is unfounded. Actually, one should expect a gradual increase in prices. In this connection? Bulgaria is really unstable economic situation. Because of this, the cost of services, such as electricity, fuel, as well as the prices of construction materials are rising. Consequently, nedWiimote more expensive.
Of course, it is not so noticeable. It is still worth to invest in property in Bulgaria. Given the trend to higher prices increases the liquidity of Bulgarian real estate.
