Two-thirds of residential properties in Bulgaria have second homes. Many buyers chose this property primarily because a homelike apartment seems to them safer and safer new housing "without reputation." Acquiring other "housing under the key" not to mess with the repairs and finding furniture – and the apartment completely ready to move in can only be found on the secondary market. In this article we will discuss the typical characteristics of the Bulgarian "secondary," prices and offers in the resort regions of the country.
Characteristics of secondary resort real estate
Real estate in the secondary market of the Bulgarian resorts is divided into two groups.
- New housing stock is apartments in residential complexes built since the beginning of 2000-ies. These buildings are built to meet European building standards, including in terms of energy saving. Since the construction of some residential units only a few years, so that their condition does not differ from state buildings. Moreover, the cost of heating and maintenance of such facilities is minimal. Plus, choosing new systems, the buyer gets ready to move in apartment with repair, furniture and appliances.
- The old housing stock is apartments and houses of the socialist era or the transitional period of the 90-ies. Housing of this type is rare in the Bulgarian resorts. The focus of such properties – Bulgarian city, Varna, Burgas, Nessebar, Sofia. Housing of this type is popular mainly among the local population and foreigners deciding to move to the Bulgarian city for permanent residence.
The majority of transactions of purchase and sale of real estate in the resorts of Bulgaria passes new estate, because the housing of Sunny beach, Nessebar, Golden Sands, Ravda is 90% residential complexes 2000-ies.
Prices in the secondary housing
The average in Bulgaria prices in the secondary market are 445 Euro per square meter. In Sofia the average price target is € 750-820. On the black sea resorts the cost of a "square" close to the capital rates. The buyer planning to buy a house or apartment on the sea with a good location and quality characteristics, should focus on the 600-900 euros per square meter.
To see the actual prices on the secondary real estate in Bulgaria here.
What you need to know about the Bulgarian "secondary"
- Second homes often are sold with furniture and appliances.
- "Secondary" is more than 75% of the real estate market in Bulgaria.
- Average StaImost square meter resort real estate – 500 Euro the meter, although the price range is from 250 to 2,000 euros. Prices at the resorts in the outskirts of Varna, 20-25% higher than in Burgas region.
- In the secondary market of Bulgaria actually buy apartments at a discount, as trying urgently to sell the property, buyers are willing to bargain.
- A separate category of housing is residential properties at auction that sell banks from the portfolio, confiscated from debtors ' facilities.
Read about how to buy property in Bulgaria and to arrange a residential property.
