In the past year 2022, the experts of the Apart Estate agency noted a significant increase in real estate prices in Burgas and in the resorts of the Burgas region. This is especially true for properties which have already been used for living. Our data is now confirmed by official statistics.
In recent years, the number of requests to repurchase Bulgarian property has increased. The main reason is that possessing apartments in Bulgaria becomes a financial burden for some people due to the inability to live in their apartment near the coast and regularly come on vacation. Every year one needs to pay taxes, and if the apartment is in a gated community with a swimming pool, SPA and other amenities, then a management fee also has to be paid. The maritime climate, the lack of constant supervision and timely repair leads to a deterioration in the general condition of the property. Due to the sanctions, citizens of the Russian Federation have become one of the main sellers of Bulgarian real estate.
One of the key business branches of the Apart Estate agency is repurchasing property. We also have a possibility to help you urgently and remotely sell a flat in Bulgaria by the sea or in the mountains.
We have a possibility to acquire your Bulgarian property for the price maximum for urgent repurchase. It is near 70-80% of the current market value. Remote sale is possible. Payment can be made in cash or on with a card in EURO or in Rubles, as agreed with the seller.
We will organize the purchase of your apartment located in Sunny Beach, Burgas, Ravda, Nessebar, Sozopol and other Bulgarian Black Sea resorts. You can stay in Russia, Israel, Ukraine, or even in the UK, and still can get a high price for your real estate and sell it quickly and without coming here.
Many consulting agencies, including the leading international company Colliers International, note a new trend in the property market – an increase in demand for rentals and a decrease of an interest in buying apartments and houses. The trend is most obvious in the Western Europe; however, Apart Estate experts note it in Bulgaria as well. It is especially relevant among young people up to 30-35 years old, i.e. the most active and solvent part of the population.
When planning the purchase of real estate, or moving for permanent residence abroad, it is not superfluous to consider whether the country you are thinking about is comfortable and affordable for living. At the end of last year, the European agency Schengenvisa released an updated report, according to which Bulgaria has become one of the most affordable countries in Eur
The Bulgarian property market in 2023 is filled with quite opposite expectations. On the one hand, the year of 2022 was successful for both sellers and buyers of apartments and houses in Bulgaria – prices increased significantly, while the number of transactions grew. This positive trend allows us to look to the future with optimism. On the other hand, the market is negatively affected by the high inflation expectations and instability in domestic and international politics.
Recently Burgas has become the center of vacation real estate in Bulgaria. In summer, thousands of tourists come here for holidays by the sea. People are attracted by the excellent resort infrastructure, a huge number of festivals, and gorgeous opportunities for relaxation and travelling. If you are still in doubt where to buy property in Bulgaria, let the Apart Estate agency experts be your guides on this interesting and exciting journey of choosing a new vacation home.
Again, August brought a poor surprise to the Russians. After announcing the expulsion of 14 diplomats, Bulgaria declared that it would temporarily suspend issuing visas in Russia. Such information was distributed by the Association of Tour Operators on the 5th of August.
In compliance with the Real Estate Registration Agency information, Nessebar district became an undisputed leader in sales of real estate near the sea in Bulgaria in the 2nd quarter of 2022. This information is confirmed by Apart Estate and the actual quantity of the deals closed by the agency. The region includes the cities and resorts Nessebar, Sveti Vlas, Sunny Beach, Ravda and Elenite.
Old buildings and houses of historical and cultural value are a special type of real estate in Burgas. Most of them were built in the first half of the 20th century, but due to their elegance, style, location, and famous architects’ work, they keep on being very expensive and popular among property buyers. Recently, the mayor of Burgas announced a new program for the restoration of these buildings.
The demolition of the former shopping center has recently begun on the Burgas main pedestrian street, Alexandrovskaya. Just recently, there was an old one-store building filled with small shops and the El Dorado casino here. Today, the erection of a new luxury residential building has begun in its place. For those who are interested in new construction in the Burgas downtown, the Apart Estate agency has prepared short information about the living building being erected.