Latest News

08.11.2011 The rural property market in Bulgaria: More deals with higher quality rural houses

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES

The number of deals with rural properties in 3Q 2011 remains the same as in the previous two quarters of the year so there are no significant changes in this market segment. The only difference is in the average price of the concluded deals which in the last three months is 20,450 Euro while in the first and second quarters of the year it was between 16,000 and 17,000 Euro. The difference in the prices comes from the more deals with higher quality rural houses that are ready to live in, mostly located close to the sea (near Bourgas and Varna) and close to the big cities of Plovdiv, Stara Zagora and Veliko Tarnovo. The purchased houses are priced between 15,000 and 45,000 Euro. The cheapest sold houses are in the area of Yambol and Elhovo where the average price is about 10,000 Euro but there are also offers for as low as 5,000 Euro.

The main buyers of rural houses like with holiday properties are the Russians. They look for houses that are ready to live in priced between 15,000 and 40,000 Euro which also explains the higher prices of the rural properties sold in the last few months. In contrast to a few years ago now there is a wide choice of quality rural houses at bargain prices. In fact, a few years ago the supply of such houses was very limited and now buyers have a lot to choose from.

The sellers are mainly Brits, which is another similarity with the holiday home segment. Many of the British owners are selling their properties at a loss after they had been offering them for 2-3 years and could not sell them at a higher price.

Average prices of rural properties sold by BULGARIAN PROPERTIES in 3Q 2011 as per region:

Bourgas Region 37,100 Euro
Dobrich and Varna Region 26,000 Euro
Yambol Region 9,600 Euro
Stara Zagora Region 14,500 Euro
Plovdiv Region 19,500 Euro
Veliko Tarnovo Region 23,500 Euro

---
Copyright: 2011 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
Bulgarian Properties Ltd. 2011.


  Read more news
LATEST REGIONAL NEWS
The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas

12/June/2019
https://www.novinite.com

The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.

More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.

The accompanyin... read more

Comments from clients
very professional team and very helpful. is a pleasure to work with. is my first time I buy from ...
Many thanks to the staff at your Stara Zagora office whom were very helpful in every detail with ...
I cannot thank Bulgarianproperties.com, elhovo office for all the help and assistance they gave us. ...
Our team of experienced lawyers can consult you on any legal matter
Get to know more about our company!
Find out how we can help you sell your property
Read our answers to the most frequently asked questions when buying a property
Read our market analyses and forecasts!
Latest News
Brits rate Bulgaria among the best holiday destinations for value

11/June/2019
The Sun, Samantha Lock

Source: thesun.co.uk

IT'S a good time for Brits to book a cheap holiday as prices plunge in many popular and unexpected travel hot-spots, a nation-wide travel report has revealed.

The Bulgarian resort of Sunny Beach on the Black Sea Coast offers UK holidaymakers the best value for money, while mainland Spain continues to entice tourists with its beaches, culture and c... read more

LATEST REGIONAL NEWS
Asian Festival Sofia 2019

12/June/2019
https://www.novinite.com

The third edition of the Asian Festival will be held on Saturday, June 15th, 2019, from 10am - 8pm, in Borisova Garden, Sofia.

The main goal of the event is to bring the Magic from the East of Asia to the people of Bulgaria and the international audience in Sofia, organized by the joint efforts of the Asian Embassies and Diplomatic missions in Sofia:

Bangladesh, Peo... read more

DID YOU KNOW?
Bulgarian Black Sea golf course rated among top 10 worldwide

27/September/2018
Bnr.bg

Material: Bnr.bg, Source: golfscape.com

Bulgaria features quite well on the golf destination map of the planet! It may be surprising to some but is in fact the result of many years of efforts and dedication. Earlier this month the blog golfscape carried a ranking of the 18 most impress... read more