Property in Bulgaria

Sunny Beach - it is almost perfect sea, sometimes warms up to 30 ° C, a combination of pure mountain air and the sea breeze, diverse cuisine, a chic marina for yachts and lots of inexpensive children's amusement park. This is the place for a family holiday in the southern Bulgarian Black Sea Riviera is hit on the international real estate market: last year in the country have been concluded more than 350 thousand transactions, while about a third of them committed with the participation of foreigners.

The construction boom that started about ten years ago, led to the disappearance of the hotel "Soviet" type and construction of modern hotels. And after them in Sunny Beach were constructed residential buildings and complexes designed for foreign investors who are guided summer, seasonal holidays. The area of construction is not confined to the coastal strip - new projects are being implemented at a distance of several kilometers from the coast, although the most prestigious and expensive, of course, gravitate to the coast.

The cost of the Sunny Beach resort real estate is largely dependent on its location. The lowest prices - about € 700 per 1 sq. km. m total area - there are a considerable distance from the shore, while the houses on the seafront they reach € 1,5 thousand - € 2,5 thousand for 1 square. meter. Real estate in the northern part of the resort (Elenite, St. Vlas) is somewhat more expensive than in the south.

Single price dynamics in Sunny Beach is not there. Experts are unanimous that the resort should be viewed as a solid city with a promising and not very promising areas. Definitely it could be argued that the facilities at the seafront will always be expensive, but prices there will continue to grow in the future, but on the secondary market: the first line is almost totally covered. At the same time in some remote from the sea areas in late 2007 was planned a small price decline.

Worthy ready objects in Sunny Beach can not cost less than € 1,2 thousand - € 1,3 thousand for 1 square. m total area. For such an object will be characterized by good location and a range of services and a very decent, though not very extensive infrastructure.

In the case of a very attractive location of the price rises to € 1,5 thousand for 1 square. m and above, and if added to the merits of the infrastructure and operation of the level of "five stars", the value "square" likely to exceed € 2 thousand. Price per square meter of some "luxury" complexes reached in July last € 3 thousand.

Today you can find a ready supply of real estate for € 800 - € 900 per 1 sq. km. m deep in the resort, 700 - 900 m from the sea, and even to € 600 per "square" in the western and southern parts. This is a small, detached houses, no pools, security and other services necessary for a non-permanent residence. In the next one - two years their value following the general trend in prices is likely to grow, but within three to five years of such facilities without the necessary support and care at risk of becoming uncompetitive. At the same time in the complexes, built at a distance of more than 500 meters from the beach, you can find offers from € 530 per 1 sq. km. m, but for delivery in late 2009.

Currently in Sunny Beach, employs more than 50 construction firms, constructing residential complexes. The most notable among them for many years is the company, which is included in the list of 200 largest companies in Bulgaria. It has already built and put into operation more than 4000 apartments, and plans up to 2011 - the construction of more than ten thousand. Among the already constructed facilities, most located on the seafront. It also began construction of a unique complex of Prestige Fort Beach, the appropriate level of 5 * +.

All the complexes are distinguished by well-developed infrastructure: swimming pools, courts, playgrounds, shops, restaurants, bars, up to the golf course. Apartment sold with complete interior trim and are suitable for year-round residence. Price ranges from € 900 to € 2,3 thousand for 1 square. m, and for wealthy buyers - up to € 2,5 thousand for the quarter. meter. Distinctive features of housing for the rich - panoramic views, high-quality furniture and equipment.

One feature of buying apartments in Bulgaria - an opportunity to get real rasskrochku to pay a minimum down payment. For example, the typical pattern of payment of housing under construction at fee includes 30% after signing the preliminary contract, another 20% - after completion of civil works and another 50% - after completion of construction. Ready to buy housing, paying 40% of the price for the nine months (after which the keys are issued), and the remaining 60% - with delay of up to ten years. For foreigners who have come to rest on the spot and decided to buy an apartment, can deposit a small amount for the reservation property. You can also reserve an apartment, not leaving Russia.

Property purchased in the complexes can give the developer and rental. That is, each investor can spend your holiday in any chosen complex and ascertain the feasibility of buying their own experience. It should be noted that the lease of apartments should arrange in advance, as in the season there is usually busy.

At the moment it is difficult to say how much can be profitable lease: satisfactory statistics simply do not exist. While the summer tourist season in Sunny Beach, and lasts from May to September, for rental to really work only June, July and August. At this time the owner can earn from € 40 to € 80 per day net.

own statistics suggest that the past holiday season brought the owners of apartment 5,2% per annum from stomosti real estate today. Analysts said the company promised by some market participants the income at 10% - 25% per annum of the cost of housing seems overly optimistic. The figure of 5% - 6% per annum is more real, and the private operator will earn major tour operators with which the developer.

According to the results of recent studies on the outlook for investments in real estate around the world, the former socialist Bulgaria, ahead of Florida, Portugal and Dubai, holds steady in third place after Spain and France. In Bulgaria itself, the most popular place to buy a summer residence continues to be the Sunshine Coast.

However, space for new construction, there is practically no more, and prices have become very large in comparison with those that were several years ago. Obviously, the secondary market the best facilities will surely rise in price, with the greatest potential to have projects with good infrastructure and professional management of real estate management.