Some buyers are surprised residential facilities in the Bulgarian resorts cost less then 10 thousand euros. Is it possible to buy a good house on the sea for such a ridiculous amount? In this article we will try to clarify what constitutes a cheap Bulgarian property, and consider whether to buy it.

Cheap houses in rural areas

The average cost per square meter in Bulgaria, according to the National statistics Institute, is 450 Euro. For these prices Studio of 30 sq will cost 13500 euros. This is the national average prices. In the villages the demand is almost zero, the infrastructure is poorly developed and, therefore, to buy a property here for 200-300 euros per square.

In settlements located far from major cities and resorts, to purchase the house is really in the range of 5000-10000 thousand euros. Cheap homes can be found in the villages on the coast and in the mountain regions of Bulgaria at the crossing of tourist routes (Stara Zagora, Visible, etc.).

For this amount you get the house without repairsthat will require major investments, capital restructuring or restoration. Sometimes there are homes ready to move where needed cosmetic repairs. Also, the probability that the seller is keen to sell the property, will make a discount for the real buyer.

Is it worth buying a cheap place in a Bulgarian village?

It all depends on goals and financial capabilities of the buyer. If you want to escape from the bustle of the city and live closer to nature, you have the money for major repairs, or, conversely, you are on a budget, consider a similar housing option.

• Read our material: is it Worth buying a house in the village?

Cheap apartments on the sea in the resort areas

Russians and CIS citizens acquire most properties on the coast of Bulgaria. BolgarskiyDom statistics Agency shows that 90% bought by foreigners objects of the sea – a Studio and apartments.

Is it possible in Bulgaria to buy cheap properties on the sea cheaper than 10 thousand euros? As strange as it sounds, Yes. In Sunny beach and Primorsko offers accommodation in a price range to 10 thousand Euro. For example, the owners of the residential complex Sunny Day in Sunny beach offer to buy a furnished Studio for 7,500 euros (25 square meters).

This is not the first or even second line, deleting from the sea will be 4-5 km, which in the presence of a car is not a big problem. On the other hand, the complex is the��imaya infrastructure for a comfortable leisure – pool, shop, sports and children's playgrounds, Parking lots and the medical center.

• Read our material: What kind of property in Bulgaria you can buy up to 15 000 euros

Whether to buy cheap housing by the sea?

Advise difficult. We all have different ideas about the rest. If you need a quiet area near the sea and you're not picky about housing, feel free to choose this option. If housing is purchased for permanent living or for families with children seven times think before to make a choice. In order not to regret about your choice we recommend to come to Bulgaria and to assess the situation.

Useful recommendations to customers

Before you purchase affordable housing, also consider the following points:

• Cheap real estate – illiquid asset more difficult to sell in the future.
• In resort areas cheapest apartments small area at a great distance from the sea is more difficult to rent, although with the right approach, are the tenants of this property.
• Illiquid housing is almost no increase in price when oil prices in the market and faster cheaper during the crisis.

You have questions? Agency managers BolgarskiyDom will advise you and pick a housing option according to your requirements and financial possibilities.