According to the Bulgarian real estate agencies, in 2015-2016 the increased demand for apartments in new buildings. The growing popularity of new housing observed among foreign buyers and locals. What are the characteristics of Bulgarian buildings and what are the advantages of this type of housing? Read about it in this article.
Distinctive features of the Bulgarian buildings
We will consider the typical characteristics of the new property depending on the following four criteria.
Layout
In the Bulgarian resorts 70% of residential units – studios and one-bedroom apartments, 25% – two bedroom apartment, 5% – apartments with three or more bedrooms. The most popular format of holiday homes – apartments with one bedroom and a living room combined with kitchen, analogues of the Russian two-bedroom apartments Euro style. The popularity of this format of holiday property stems from the fact that such housing is used by tourists for temporary accommodation and a large apartment for such purposes is not needed. One-bedroom apartment is easier and cheaper to maintain, they are in great demand among tenants, so they're easier to rent out.
In Bulgaria the ratio of flats is about the same as the resorts, and 9 of 10 apartments with one or two bedrooms are objects with the kitchen combined with living room.
Floors
In the resorts of Bulgaria, mostly new buildings with a height of 5-7 storeys, building more storeys is, in most cases, hotel complexes. In Sofia, Plovdiv, Varna and Burgas, the lion's share of the housing stock in the primary market falls on low-rise buildings, although larger apartment buildings number of storeys are found here more often than in the resorts.
Repair
In the primary market of real estate is not accepted to sell the apartments with finishing and furniture. Almost always in Bulgaria apartments in new buildings are sold in rough stage of completion according the Bulgarian state standard. So buy an apartment in the building with a ready repair, furniture and appliances will clearly not.
Different is the case in resort areas, where demand dictates a different degree of readiness of residential properties. Apartments in new buildings resorts put in operation under the finish trim, interior doors, flooring, ceramic tiles and fixtures, so that the buyer before entering remains to finish the little things - choose the background color or Wallpaper, to order furniture. Although there are cases where developers sell fully prepared for ve��do apartments or offer service furnished housing.
Infrastructure
Mandatory components of resort buildings – the courtyard pool and Parking, an outdoor, indoor or underground. In many complexes for the convenience of our clients we provide a reception area. The luxury homes surrounding area definitely is fenced and landscaped with greenery, small architectural forms, garden. Although well maintained and cozy virtually all residential resorts, as the local authority requires developers to elevate the surrounding area and part of works on creation of minimum infrastructure takes over.
The benefits of the new home from the Builder
Quality. Bulgarian buildings, especially in recent years, are constructed in accordance with the European construction safety regulations and energy saving with the use of modern building materials.
Design. New housing is repair and gives you the opportunity to create an individual interior design.
Profitable investment. According to statistics, the cost of apartments in Bulgaria on the stage of "pit" on 10-20% increases at the time of delivery of a residential facility into operation. Moreover, due to higher demand of apartments in new buildings rising in price faster than housing on the secondary market, which increases the chances of a profitable sale in the future.
Prices for apartments in the primary market
Housing in the primary market is more expensive secondary. This is due to the larger area in comparison with typical apartments and the possibility of creating an individual design of the interior of the apartment. The average cost per square meter in new buildings of Sofia, Varna and Burgas – 800 €, although the price range is from 600 € to 1500 €. Prices for apartments in beach and ski resorts in Bulgaria range from 300 to 2000 € per square meter or an average of EUR 650 per "square".
According to the real estate agencies in major cities of Bulgaria there is a growing shortage of new housing. Due to the fact that the demand for quality real estate is growing and exceeds supply, analysts expect rising prices in the primary market.
