Residences on the Romanian coast, 50% higher costs then in Bulgaria

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The residences on the Romanian coast are an average 50% more expensive then those located on the Bulgarian coast; while in the Romanian ski resorts the prices of apartments can be 70% higher than our neighbor’s. In Varna, the biggest Bulgarian city on the Black Sea coast, a two-room apartment of 76 square meters can be bought with 43.000 Euros, while in Mamaia or Navodari the same type of property can be purchased at the price of 120.000 Euros, reports NewsIn.

The real estate market in Bulgaria became lately really attractive and that is because the prices are reasonable even in the tourist resorts.

The analysts at Edil Real Estate Company affirm in a real estate market analysis on Bulgaria and Romania that most of the foreign investors in Bulgaria are businessmen that look for holiday apartments to rent, but also, investors that buy homes to sell at a better price.

In Sunny Beach resort, an apartment in a residential complex with pool, parking space, commercial center and an area of 50 square meters costs 45.000 Euros and a house with three rooms, of 90 square meters and a garden of 500 square meters, near Sunny Beach, can be bought for 53.000 Euros.

In Bansko, the major Bulgarian ski resort that has spectacularly developed, a two-rooms apartment with an 58 square meters area can be purchased for approximately 55.000 Euros.

In comparison to that, the prices for a residence on the Romanian coast, right outside Constanta, towards Ovidiu, can reach 75.000 Euros for a three-room apartment. The prices, though, are higher in Mamaia and Navodari resorts, where a residence costs 120.000 Euros. In Costinesti, a studio of 58 square meters costs 44.000 Euros and a villa with 119 square meters can reach the price of 120.000 Euros.

In the mountain area of Pamporovo, ski resort in Bulgaria, situated 1.650 m above sea and 260 km away from Sofia, a two-floor house with a built area of 170 square meters can be bought for 41.600 Euros and an apartment within a residential complex with sizes starting from almost 36 square meters can cost from 28.400 Euros.

In Sinaia (Romanian ski resort), a studio in the Belleview ensemble will cost approximately 50.000 Euros, a two-room apartment will cost around 65.000 Euros and the price of the duplex is rising up to approximately 120.000 Euros. Within the Tampa Gardens project the prices of an apartment start from approximately 62.000 Euros and go up to 372.000 Euros.

The rental market from the Danube and to the south is similar to the one in Romania. A two-room apartment in a district block outside the center can be rented for 250-350 Euros, while in the central area the price can get up to 350 Euros.


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