After the annexation of Crimea to Russia, many of those who were interested in property in Bulgaria decided to switch your investment interest on the Peninsula. Their reasoning is understandable: whether to buy a house in another country and to spend time on registration of residence permit, if you can buy real estate in Crimea with the black sea, good beaches, beautiful scenery and no need visa?
All that may be so, but the reality is that the real estate of the Crimea, at first glance, it seems a tasty morsel. The South of Russia, including the Crimea suffers from significant drawbacks, because of which investors prefer to invest their savings in holiday properties in Bulgaria.
REAL ESTATE PRICES
Real estate prices in the Crimea comparable to the price of housing in Spain or France even so, the Crimea is not a competitor of Bulgaria.
Crimea
The highest prices, of course, real estate in Yalta, where in the building the square metre costs from$ 2,000 to $ 5,000 (in the center or with the sea view) and 1500$ on the edge, and per square meter in the secondary winding in the center you will have to pay up to 1500$. In Sevastopol, a square meter costs an average of 850$, in Yalta – from 690$, in Koktebel – from 800$ and on the Tarkhankut Peninsula – from 700$!
Bulgaria
In the third quarter 2015 average real estate prices in major cities in Bulgaria are: Varna - €700 per sq. m, Burgas - €510, Plovdiv - €505 and Sofia - €720.
CONCLUSION:
With a budget of up to €50 000 in Bulgaria, you can buy a modern apartment in residential complex with good infrastructure, and in the Crimea, except that wretched apartment house built in Soviet times!
INFRASTRUCTURE
As practice shows, many of those who seriously planned to purchase of the Crimean real estate has lost interest, when met with the real situation in the infrastructure of the Peninsula: uncertainty in transport communication with the Peninsula, unstable water and power supply, poor condition of roads, and beaches that have not been updated since the days of the Soviet Union.
In Bulgaria EU funds actively improving beaches, new parks are built, repaired cars and built a new highway, moderniziriruyutsya treatment facilities.
Yes, in the modernization of the Crimea to invest more money, but before its infrastructure and service reach the European level will take years. But buyers of real estate in the Crimea want to live now and not in some distant happy future!
PITFALLS
In the Ukrainian legislation the concept of the shore line was very blurry and as a result, the sea had built up a lot of objects. The code of the Russian Federation stipulated a retreat from the shoreline to 500 m, and therefore, the status of previously constructed housing can lead to the loss of the right of ownership to it. That's why Crimeans are actively trying to "push" their homes and plots the uninformed buyers.
In addition, the register of deeds before the entry of the Peninsula of Crimea to Russia was in Ukraine and so far the Ukrainian side has not handed over a single document. Although some Crimean realtors managed to establish contacts with Ukrainian notaries to obtain the necessary archival documents, still the issue is not definitively settled, there is a high risk investment in real estate of Crimea. Compared to this, "pitfalls" when buying property in Bulgaria seem to be little pebbles!
This is probably reasonably close to our question: "Where to buy property in Bulgaria or in the Crimea?". Only a few years, and then only in favorable scenarios of development of the Peninsula, his estate will be able to compete with real estate in Bulgaria!
