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Amendments to the Condominium ownership management act have been adopted in BulgariaIn the autumn of 2023, Bulgarian parliamentarians voted to adopt amendments to the Condominium ownership management act.

Within a Renovation Forum which took place in November 2023 it was decided to continue the program of renovation of residential buildings in Bulgaria and improvement of their energy efficiency. For this purpose, the European Union will allocate about 50 billion euros to the country. The program will affect all Bulgarian cities, including Burgas, Nessebar, and St.

Bulgaria is considering the possibility of introducing a ban on converting agricultural land located at a distance of 100 m from the sea to residential. If the corresponding change to the already existing Act on the  Black Sea coast spatial development is adopted, it will not be possible to build a hotel or a house closer than 100 m to the sea.

In 2022, the value of all real estate in the world reached $ 379.7 trillion. According to the international consulting company Savills World Research, as of today, residential and commercial property, as well as land, is the greatest source of world’s wealth. A similar trend can be seen in Bulgaria – the real estate in this country continues to be an interesting investment.

According to an analysis conducted by the Apart Estate agency experts, more and more tourists and people moving to Bulgaria are looking for rental houses for holidays and permanent residence. Cottages in Burgas, in nearby towns and resorts, in villages in Strandzha and near the Stara Planina mountains as well as close to the sea became very popular. Rural tourism is becoming a wonderful alternative to holidays in resort complexes. It is for this reason that in recent years the demand for the purchase of houses in Bulgaria has increased significantly.

The Burgas region became the Bulgarian leader in a number of new living buildings finished in the second quarter of 2023. According to the statistics, 1,352 residential construction projects have officially been put into operation in Burgas, Pomorie, Nessebar, Sozopol, Sunny Beach and other cities and resorts of the region, i.e. exactly where Apart Estate offers the best properties.

In order to make stay in newly-built apartments more convenient and affordable, the Bulgarian government is constantly introducing new requirements for residential construction. The priorities in residential construction in Bulgaria in recent years have been to improve the quality of real estate. This should create comfortable living conditions for people of different ages, those with disabilities, and etc. Apart Estate introduces you to the latest innovations in building legislation.

Recent research from Market Links shows that more than 80% of the Bulgarian construction companies support the transition to a green economy. Apart Estate experts made an analysis of what this means and how this transition will affect the construction market in Bulgaria.The green economy is a subject which today attracts the attention of more and more politicians, businessmen, and ordinary citizens. For most of them the green economy is a holistic and gentle approach to the use of natural resources and the desire for a prosperous life for as many people as possible. This approach is supported by many construction companies as well. They consider the transition to the green economy and a possibility to use its principles in a building industry necessary and even inevitable.

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.