Burgas – the largest seaport and the second largest population after the city of Varna on the Bulgarian coast. Despite the fact that the population of Varna is almost twice the population of Burgas, Burgas province ahead of Varna as the number of tourists, and the number of foreign buyers of real estate.
- What are the benefits of Burgas, in terms of property acquisition?
- Are there any cons and pitfalls of this trend?
- What are the prices and supply of housing in Burgas and its surroundings?
In this article, we will examine these questions and introduce you to some of the top offers from our catalog.
BACKGROUND:
- Population: 203 million inhabitants.
- Geography: Gulf of Burgas, in the Eastern part of the Burgas plain. The distance to Sozopol is 33 km to Pomorie is 18 km to Sunny beach – 35.6 km from Varna – 115 km.
- Administrative-territorial division: the city is divided into 6 Territorial directorates, including along the area 18 residential areas, including coastal areas of Sarafovo and Kraimorie.
- Nearby attractions: Central district, a huge seaside Park, museums, churches and theatres, lakes – Atanasovsko, Mandra and Burgas (the largest reservoir in Bulgaria), curative mud and mineral water.
- Real estate prices: from 400 to 1200 euros per square meter.
Advantages of buying property in Burgas
Well-developed infrastructure. In recent years Burgas, the administration has attracted significant funds in the modernization of urban infrastructure. Manicured yards, good roads, repaired sidewalks, pools and playgrounds. The town also has bus and trolleybus message, many grocery and hardware supermarkets, modern medical centers.
Low-cost housing. Prices in Burgas and its surroundings is much lower than in Varna. According to statistics, at the beginning of 2016, the average cost per square meter in Varna amounted to €720, and in Burgas - €540. This is because in plain Burgas offers of housing are much greater than in Varna mountainous region where construction opportunities are limited.
Lowest prices on products and services. The price of food, clothing, entertainment in Burgas significantly lower than in seaside resorts of the Black sea. This also applies to pricing for car rental services and taxi drivers.
Higher profitability. Urban property easier to sell and rent, rather than apartments.
Marine recreation and balneology. Even despite the fact that Burgas is not a resort, there are several large, clean beaches, a large seaside Park, lakes with curative mud (solonytsia) and sources of mineral water. And the famous seaside resorts and balneological Pomorie – hand.
Conclusion: if you want to move to Bulgaria for permanent residence, plan to stay in the country for most of the year in the off-season or choose a Maritime town with a developed infrastructure and reasonable prices – then think about how to buy property in Burgas.
Disadvantages and pitfalls
Despite the advantages, buying property in Burgas holds dangers that you need to consider to make the right decision.
Ecology. In the suburbs of Burgas, built the largest in South-Eastern Europe refinery. And although the company, in the modernization which was invested billions of dollars, meets all EU regulations for the protection of the environment, the presence of this factor cannot be discounted. Periodically about the existence of works like the specific smell of hydrogen sulfide wafting in residential neighborhoods several times a year.
Infrastructure. It is worth considering that the Burgas – it's still not a resort and industrial city with the largest Bulgarian port. Therefore, the beaches, the landscape and the purity of the seawater inferior to the resorts on the coast. The exception is, perhaps, an elite district Sarafovo. Moreover, a significant part of the housing stock is built in the socialist era, whereby some residential quarters of Burgas resemble the typical city of the former USSR.
Modern apartments, Studio apartments
Despite the socialist past, in recent decades, in Burgas, there are modern neighborhoods with upscale residential complexes. These buildings were constructed with the building of the EU norms and have the necessary for comfort living infrastructure. It is this secondary modern or new property from the developer are interested in foreign buyers.
Option 1. Studio in a residential complex "Lazur". Studio apartment with area 32 sq. m. "turnkey" renovation without furniture and household appliances. Price: 30 277 €.
Option 2. Apartment in Bourgas with one bedroom. One-bedroom apartment located in a luxury residential complex "pearl" in 150 meters from the sea. Price: 55 000 €.
Option 3. One bedroom apartment in the center of Burgas. The apartment is 68 sq. m. renovated, without furniture and household appliances. Price: 64 600 €.
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Villas and houses in Burgas
Option 4. House in Burgas, in the residential area of the Mine. Four-room house 100 sq. m. partly furnished and is sold after repairs. Price: 74 995 €.
Option 5. Luxury Villa in Balchik (the village of Banevo). Luxury two-storey Villa is decorated in traditional Bulgarian style. Living area – 105 sq. m. Price: 90 000 €.
View full catalog of property in Burgas.
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