How to choose liquid real estate in Bulgaria

Bulgaria has a favorable geographical location and a mild climate. It is a part of the EU, and since April 2024 has partially entered the Schengen area. Property in Bulgaria has always been attractive, and in 2024 this trend continues. But when buying real estate in Bulgaria, it is important to choose a quick sale option that can be rented out to receive income or resold at a profit when needed.

Liquid real estate in Bulgaria can be bought in Burgas, Varna, other large cities, in the Black Sea resorts of Sunny Beach, Elenite, Ravda, as well as in cottage villages. Apart Estate will help you choose property that can be quickly and easily sold in the future or used as an investment.

Despite the fact that the Bulgarian real estate market is quite stable, not all flats, studio apartments, and houses are liquid. Sometimes it is difficult to sell property even if the market is overheated and demand significantly exceeds offering.

For example, this can happen if you buy real estate following your own taste and believing that you are purchasing it for many years’ use. However the situation may change, and then you will face a need to sell it. You prepare the documents, advertise the sale, set the price, but there are no buyers.

Perhaps the reason why you can’t complete the sale is the absence of Act 16, incorrectly completed documents, or the presence of cracks in the walls or a leaking roof.

Having invested money unsuccessfully, it is then difficult to get rid of real estate located far from the sea or in an area with undeveloped infrastructure.

When deciding to purchase liquid real estate in Bulgaria, we recommend focusing on several factors.

Availability of all necessary documents

When buying finished property, make sure that Act 16 is available. In absence of this document, it will be difficult to sell the apartment in the future. Even if you find a buyer, the selling price will be 10-15% lower than the market average price.

If your target is to purchase an apartment in a building under construction, choose a reliable developer. To do this, familiarize yourself with the already constructed objects, find out how many projects are currently underway, and whether there are any whose construction has slowed down. Don’t be lazy, limiting your search only to the city where you are choosing housing.

Make sure that the property you are purchasing is free of encumbrances, all debts and taxes on it have been paid, and there is appropriate confirmation.

Construction quality

An important liquidity factor is high quality construction, compliance with European standards and safety requirements.

When choosing real estate, inspect the walls, basement, roof, and pipes. Fresh paint or new wallpaper on one of the walls could be a sign of cracks.

An apartment in a building with a leaking roof and a basement filled with water will require expensive repairs. It will also be very difficult to sell in the future.
Area

Real estate located in Bulgaria by the sea, in large cities, or green and clean areas with developed infrastructure is considered liquid.

If you think about sea property, then consider apartments in Burgas in the neighborhoods of Sarafovo, Lazur, Zornitsa, Bratya Miladinovi, and in the downtown. Flats in residential buildings with central heating in the Izgrev and Slaveykov neighborhoods are also in high demand.

Interesting real estate is offered in the cities of Pomorie, Sveti Vlas, Sozopol, Chernomorets, and Nessebar. These resort towns are well suited for permanent residence, recreation and rental.

Apartments here are not as expensive as in Burgas, still, you can resell them profitably and quickly at any time.

The same can be said about apartments in Sunny Beach or Ravda. People want to live by the sea. They are attracted by beach holidays and good climatic conditions, opportunities to travel and enjoy life.

View from the window

Traditionally, buyers prefer flats and studio apartments with sea and mountain views and try to avoid flats facing garages and the walls of neighboring buildings.

Despite the fact that real estate with good views from the window is more expensive, many customers are ready to overpay for the opportunity to enjoy a pleasant landscape.

That is why apartments in Pomorie, Sveti Vlas, Elenite, and the Burg neighborhoods of Vazrazhdane, Zornitsa, and Lazur are in great demand.

Low costs

The low purchase price of an apartment, as well as insignificant costs for its repair and furniture make it possible to prepare a more flexible offer for sale, attract a larger number of potential buyers and sell it faster.

When the market is filled with cheap offers, you can make a more interesting and profitable choice of real estate, take a loan, and at the same time remain at profit on a future sale.

Low maintenance costs

Properties without a maintenance fee are in higher demand. Potential buyers are looking for such real estate in Burgas, Pomorie, Sozopol, and Sveti Vlas.

On the other hand, if your goal is an apartment in a residential complex with a rich infrastructure, including swimming pools, playgrounds, restaurants, a spa center, and a beauty salon, it is profitable to pay for maintenance. Managing companies provide a wide range of services. Thanks to this, you can make a profit when renting out apartments.

Thus, despite the significant maintenance fee, property in residential complexes of Fort Noks (in Sunny Beach, Ravda, Elenite), Sweet Homes (Sunny Beach) or Green Life (Sozopol) are very liquid.

When choosing real estate in Bulgaria, it is better to use the recommendations of professionals from the Apart Estate agency. They know the real estate market and all its pitfalls very well and will help you choose affordable real estate suitable for both living and renting.