Read our latest analysis of rural property in Bulgaria
Bulgaria has great location within the southeast of
Europe - many gorgeous mountains, great Black Sea coast, huge flat territories
in the Danube lowland, etc. Most of the beautiful countryside of Bulgaria
remains unexplored for the foreign buyers. Those living in the highly developed
Western European countries will be surprised to find rural territories of
Bulgaria untouched by the modern urban life, pure nature and unspoiled hard
working and friendly people who do not speak foreign languages and who will be
more than happy to become your friends and help you with all they can. A good
advantage though is the fact that almost 100 % of the countryside properties in
Bulgaria have electricity and running water. All the villages have telephone
lines, mobile phone coverage, TV and radio broadcastings, many of them have
cable TV with international channels. Even with undeveloped infrastructure, all
rural areas have tarmac roads, post offices, regular bus transport to the bigger
towns, local food and other shops, bars/restaurants, petrol stations, local
authorities. Even rural most of the villages are easily accessible (except those
in very high mountain areas). Most of them are close to bigger or regional towns
with wider range of amenities - Internet cafes, Cinemas, Theatres, train
stations, hospitals, school, cultural activities, etc. However, in the deep
countryside don't expect to find high class schools for your children, designer
clothing shops, large supermarkets or snobbish neighbours. It is not tradition
in Bulgaria to live in the countryside, but work in the big cities. Just the
opposite, people working in the towns and cities try to live close to their
working places and the most of the businesses employing lot of people are
currently located in the towns.
Many foreign buyers are asking us why the prices of the rural property in
Bulgaria are so low comparing to Sofia or the resort areas. The answer is very
complex and sometimes not easy to understand. One of the reasons are the changes
that took part in Bulgaria in 1989, when the communism was over. First years of
democracy and market economy featured many social problems in Bulgaria, many
people lost their jobs, other young people could not see their bright future in
Bulgaria and decided to leave the country and find their better living in the
Western Europe or America. Since 1989, more than 800,000 people (mostly young)
left Bulgaria. Other moved in the biggest Bulgarian cities where the new private
businesses offered jobs. The only thing that people could work in the rural
areas was agriculture and farming. Wrong or lack of any social policy of few consecutive
Bulgarian governments caused lot of troubles in these areas. Nothing was done to
encourage the local people to start their own businesses. As result many
villages remain undeveloped, with pig percent of unemployment. The people who
still live there are trying to sell their properties and move in the near-by
towns, closer to the available jobs.
In our
opinion there are big opportunities for developing certain activities in the
field of tourism, local crafts, light industry or agriculture in the rural areas
of Bulgaria. Things are
improving, but all this takes time and there is still much work to be done and turn
these countryside areas into well developed settlements.
Why invest in real estate property in the rural area of Bulgaria? Prices levels
at these areas are at their bottom levels at the moment. They simply can't be
lower. At the price of 10 years old car one can own a solid, big and relatively
well maintained property with good piece of land/garden of 1000-2000 sq. m. The
usual price for such property is 4000-8000 Euros (2780 Ł GBP - 5560 Ł GBP
). In most of the cases such properties will require little or much additional money for
refurbishment and modernisation. In most cases the rural houses have no
shower and WC installed inside and people have their toilets in a separate
building near the house. We have very good connections with local builders in
all rural areas where we sell property, therefore should you need refurbishments
we will fully assist. The work will be performed to a good standard at very
reasonable price.
There are few ways to benefit from purchasing rural properties
in Bulgaria:
1) use them as summer houses 2) Live there permanently at very low
price 3) Rent them out to tourists 4) Just buy as an investment and sell with
profit later 5) Develop own rural, eco, mountain, water sports or other type of
tourism.
Currently we have concentrated our efforts in few rural areas in Bulgaria where
we believe it is best to invest. Below is are short reviews of each one of these
areas:
1) Around Sofia: choose from mostly mountain areas. Main benefit being close to
the main city of Bulgaria. Also close to an international airport (Sofia
Airport). Price levels are
the highest from all rural areas of the country. Disadvantage: High prices.
Undeveloped rental market (we work hardly to improve that!)
2) Around Elhovo and Yamobol: Main benefit: pure rural areas, near the Black Sea
coast (100-120 km), near the Turkish border, on main international roads. Price
levels low to medium (now increased a little because many foreigners mostly British
purchased property here). Disadvantage: Undeveloped rental market (we work
hardly to improve that!)
3) Around the beach and ski resorts: We sell rural properties near all resorts
in Bulgaria! Main benefit: proximity to these resorts, trying to attract low
budget tourists who do not want to pay the high accommodation prices in the
resorts. Price levels: the highest for rural areas in Bulgaria, especially those
on the Black Sea coast. Disadvantages: High property prices.
4) Vidin area: Main benefit: close or located on the river Danube, the second
biggest river in Europe, offering good holiday opportunities, watersports,
fishing, etc. Other advantage is the construction of a new bridge over the Danube
river to connect Vidin to the Romanian town Calafat on the other bank of the
river, this will turn this area into an important transportation point in the
South of Europe and encourage the local businesses and tourism. Very low
property prices. Disadvantage: Undeveloped rental market. (we work hardly to
improve that!)
5) Veliko Tarnovo and Gabrovo areas: Mountain areas with beautiful nature, clean
air, picturesque sights. This rural areas are favourite to many foreigners,
especially coming from countries with no mountains. Low property prices.
Disadvantage: Undeveloped rental market. (we work hardly to improve that!)
In conclusion the Bulgarian countryside is presenting very quiet places, no
stress and no pollution, virgin nature and nice people. Come open-minded and you
will fall in love with it. Don't expect too much as rental income, as the rural
tourism is not yet developed in all areas of Bulgaria. We, at Bulgarian
Properties are doing our very best to help all investors purchasing here. All
people buying in the countryside of Bulgaria will benefit from 1 year of free
advertising to attract customers in www.RuralBulgaria.com
Rural property for sale in Bulgaria
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