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Veliko Tarnovo is attractive for investment and permanent living
The Regional Manager of BULGARIAN PROPERTIES for Veliko Tarnovo and Garbovo - Dimitar Pavlov - analyzes the market of housing and rural houses in the region.
Veliko Tarnovo has always been an attractive area for investment and permanent living. Properties in the area over the last 20 years have continued to attract the interest of both Bulgarian and foreign buyers from various countries around the world.
Residential market in Veliko Tarnovo
Due to the specifics of the terrain, the town has little room to expand, which in turn leads to a more limited supply and a trend of steadily rising prices. In addition to this, demand for urban property is quite strong and the market is now definitely a sellers' market.
There are currently only two neighborhoods where there is an opportunity to build and most new construction deals are focused on them. The demand is mainly for one or two bedroom apartments and the buyers are mainly young families, people from the surrounding towns and Bulgarians living and working abroad who are investing in housing.
The prices of apartments in the city currently range between 800 and 1,000 euros per square meter.
Rural houses
There is a strong interest in the houses in the villages around Veliko Tarnovo and Gabrovo and it comes from different types of buyers.
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