3 Reasons for Real Estate Bulgaria Burgas
Real Estate Bulgaria Burgas – Why is the Burgas region one of the most popular when it comes to buying property? For those who have already seen Burgas, the answer is clear.
For those interested and still planning their visit, this article on real estate in Bulgaria Burgas is very valuable, as it contains all the relevant information why a trip to this magical region is worth it.
The most impressive city on the sea coast – Burgas
Imagine… after being gently awakened by the first rays of sunshine, you gaze from the balcony at the waves of the Black Sea, which paint a new picture every day. One of the largest ports on the Bulgarian coast is visible in the distance, and the city awaits your exploration.
In addition to the large city park, beloved by joggers, you are equally drawn to one of the city’s three idyllic lakes, which are unknown to most tourists: Atanasovskoe, Burgasskoe, and Mandrenskoe. After a leisurely stroll, you become enchanted by the charm of Burgas’ old town, which boasts a wide variety of daily life shops along with numerous cozy cafes and restaurants.
Why real estate investors love Burgas
It’s not just locals who are impressed by the Burgas region; tourists from all over the world also like to come to the Black Sea coast to leave everyday life behind them inexpensively.
Rental potential real estate Bulgaria Burgas
Due to the excellent infrastructure, renting apartments and houses in the Burgas region is attractive to various groups of people, even outside the holiday season. The numerous educational institutions and kindergartens promise families a good standard of living. For retirees, quality healthcare is a crucial factor, while entrepreneurs value the Burgas Airport.
Prices for real estate in Burgas
In comparison to the rest of Europe, property prices in Burgas, Bulgaria, are unbeatable. Besides the generally affordable purchase prices found in Bulgaria, Burgas offers one of the highest cost-benefit ratios among real estate locations. It’s a low investment with remarkable rental potential and attractive rental rates.
Rental yield for real estate in Burgas
It’s no wonder that the rental yields on properties in Burgas appear extremely appealing to investors, thanks to the factors mentioned above. The key drivers for excellent rental yields in Bulgaria are the low ongoing maintenance costs of the property and the overall tax policies. This results in rental income comfortably exceeding ongoing costs, including potential loan payments, ensuring an impressive profit month after month.
Forecast: Real Estate Bulgaria Burgas
Thus, the Burgas region is a jewel for real estate investors across Europe, and it continues to be in high demand for those seeking a home by the sea for themselves and their families. This trend, which gained significant momentum in 2020, is expected to persist in the coming years. This is evident from the consistent high demand, even for unfinished construction projects in the Burgas region.
Further increases in property prices in Bulgaria, especially in the Burgas region, are anticipated. This is supported by our observations, including a growing number of inquiries, shorter timeframes between purchase and rental, increased investments in construction projects in the region, and rising purchase prices and rents.
The most lucrative areas of the Burgas region
In addition to the city of Burgas, there are numerous surrounding holiday and resort towns that are also attractive to investors and homeowners due to their location. Other top locations for real estate include: Sozopol, Aheloy, Primorsko, Ravda, Pomorie, Nessebar, and Lozenets.
Location, location, location
The location of a property significantly influences its price, as everyone knows. Therefore, a look at the geographical location of the Burgas region and the importance of the city of Burgas in the decision-making process is very relevant.
The Burgas region is situated in the southern part of Bulgaria. To the east, it borders the Black Sea with active shipping routes. On the west side, you’ll find the regions of Sliven and Yambol, while to the north is Varna. To the south, Burgas connects to Turkey. Thus, Burgas serves as a key hub for trade and tourism in the southern region.
Not only is Burgas important economically, but it has also gained recognition as a cultural center. People from various regions visit Burgas for its attractions, which include the Historical Museum and several archaeological monuments, among others.
Summary of real estate Bulgaria Burgas
Real Estate Bulgaria Burgas – As you’ve learned, Burgas is a region that offers many opportunities and appeals to various groups of people. Besides its strategically favorable geographical location with sufficient infrastructure in all areas, the Burgas region is a popular place to live.
Whether within the city of Burgas or in the surrounding spa and holiday resorts, you can enjoy a variety of entertainment and leisure activities. Everyday errands to make life comfortable are easily accomplished thanks to the short distances and a reliable transportation network.
All in all, it’s not surprising that tenants for your investment properties can be easily found, or that purchased homes increase significantly in value after just a few years.
If, due to these numerous advantages, you are considering purchasing a property for yourself or for investment purposes, which is in perfect condition and boasts a prime location, then contact us today: