16.12.2008 ON FOCUS: VARNA – a Modern European City with Reasonable Real Estate Prices
What is the situation on Varna’s real estate market?
Generally speaking, the market is now dictated by the taste and preferences of the buyer and there are plenty of lucrative offers for purchase and rent. If a year ago the prices increased almost on a daily basis and the buyers did not have a lot to choose from now there are many interesting offers and the buyers are more and more exacting and careful when choosing a property. This, of course, is the right approach to finding one’s dream property!
Never before have the conditions for the buyers been more favorable. What we from BULGARIAN PROPERTIES advise the buyers is to tell us their requirements and we will offer them as wide a choice as possible as well as professional advice. As for the sellers - BULGARIAN PROPERTIES experts advise them to think well at what price they want to sell their properties in view of the time period in which they want to realize the deal as they can always count on us for an appraisal and a piece of advice during the selling process.
What are the prices of Varna properties?
This is a very interesting and important question - the prices of the various property types must be followed very carefully as there is already price differentiation depending on the property’s location, quality of construction and other characteristics.
At the moment the property market offers excellent possibilities to investors with capital who are ready to reserve a lucrative offer immediately. There are also cases when property owners, pressed by the financial crisis, decrease the property price by 20-30% counting on a fast deal. In case you want to buy a property at a lucrative/reduced price you can tell us your search criteria and our real estate agents will keep in touch with you informing you about all the offers matching your criteria.
Average prices of Varna residential properties per sq.m. as per 15.12.2008 for finished and off-plan properties:
Center - 1400 – 1900 Еuros
Wide center - 1100 – 1500 Еuros
Further away from the city center - 700 – 1000 Еuros
Those of you who prefer the tranquility of the smaller settlements set close to the big city can browse our rural properties offers around Varna as their prices vary a lot depending on the specific property and its characteristics.
Read more about the city of Varna
BULGARIAN PROPERTIES Varna Office wish everyone Happy Holidays and a Successful New Year!
112 Vladimir Varnenchik Blvd, 2nd floor
Telephone: +359 52 695 454
Fax: +359 52 695 455
View our offers in/near Varna
We are slowly returning to our normal everyday lives and the Bulgarian property market is experiencing a growing demand and a rising volume of deals after the corona virus lockdown.
Here are the present market trends which mark the start of a new beginning for the property market in Bulgaria:
🔵 Technology stays with us to help us in the new reality! We will ne...
The average selling price of residential properties in Bulgaria's capital Sofia increased by 4.0% on an annual comparison basis in the first quarter of 2020, local company Bulgarian Properties said.
The average price of dwellings in Sofia reached 1,120 euro ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.
High activity during the first 3 months of the year and acceleration of the price growth to about 4% on an annual basis. This is how the real estate market in the Bulgarian capital of Sofia developed until mid-March, when the state of emergency was introduced and many economic activities where put on hold.
Average Prices and Annual Change
In the first quarter of 2020...
BRITS could return to Bulgaria's Sunny Beach as soon as July as the country reduces its lockdown measures.
To encourage tourists, beaches will also offer free loungers, sun beds and tables when they open again for business.
Bulgaria has managed to keep coronavirus cases relatively low - the country has reported just 1,704 infections, and 50 deaths.