Bulgarian Properties
NEW REDUCED PRICES !!! Chamkoria Apartments are now on offer at significantly reduced prices starting from just €500 per m2. At these prices they reflect the best value we have seen in the Borovets area for almost 10 years. These Bulgarian apartments are now priced below the cost of construction which makes this an ideal time to buy if you are looking for a medium to long term investment. The apartments are fully completed and ready for the coming season. We have Bulgarian apartments for sale from;
- 1 bedroom apartments from €34,400
- 2 bedroom apartments from €56,240
- 3 bedroom apartments from €98,800
If you are looking for more spacious Bulgarian properties why not check out one of our chalets for sale in Borovets. You can choose from Chalet Kozel - a luxury 4 bedroom chalet which comes fully furnished and ready to live in or alternatively Chalet Sokol which also has 4 bedrooms and is waiting for its new owners to complete the final furnishing.
The Bulgaria real estate market has seen significant changes over the last 10 years. After joining the EU in 2007 Bulgarian properties became very popular as an overseas property investment. This drove up prices and led to over development in certain areas, most notably along the Black Sea coastline and in the Bansko ski resort. When the global financial crisis hit in 2009 Bulgarian property prices dropped due to the lack of credit and the oversupply of poor quality properties in these locations.
Bulgaria Property
Now in 2012 Bulgaria property prices have settled and both local and international investors are again buying Bulgarian property. They are being enticed by prices that in some cases are up to 50% below peak values and in a lot of cases Bulgarian properties can now by purchased very close to the actual cost of construction. This makes them a great medium to long term investment as the cost of construction is continuously rising due to wage and commodity inflation. Over the last 10 years there has never been a better time to invest in Bulgaria property.
The Bulgaria real estate market varies from old houses in rural villages, to beach properties, modern city apartments and luxury ski apartments and chalets in the mountain resorts. However not all Bulgaria properties can be considered as good investments at this stage in the Bulgaria real estate cycle.
Whether you are buying Bulgarian properties as an investment strategy or as a personal holiday home it is important that you research the market and find the right Bulgaria real estate to suit your needs. Having researched the Bulgarian properties market in detail we have picked Borovets ski resort as the area best suited to future growth. The key reasons why you should consider buying Borovets property right now are;
- Prices in the Borovets area are at the lowest level in the last 10 years
- Many properties are for sale at below or near the cost of construction
- Good value property is a very safe hedge against inflation. The cost of construction is continuously rising due to increased wages and commodity prices. This means property prices will continue to rise in the future
- At present the global financial system is in crisis. Why leave your money in a bank which might go bust tomorrow leaving you with nothing. When you invest in Bulgarian properties you have a tangible asset which you own and control. In the current financial environment the old saying "as safe as houses" has never been more true
- Bulgaria is on track to join the Schengen free travel zone in 2012. This will bring with it increased investment as businesses and individuals relocate to Bulgaria to gain access to the EU markets.
- Bulgaria is expected to join the eurozone by 2015. This will result in a further surge in investment which will translate into higher prices for real estate in Bulgaria. This has been the case with all new countries joining the eurozone.
- If you are buying one of our Bulgarian apartments then you can avail of financing up to 60%.
- We recommend Borovets property as the best medium term investment in Bulgaria property. Borovets is the oldest ski resort in Bulgaria and the closest to Sofia. Sofia is the main transport hub and centre of wealth in Bulgaria. By buying real estate close to the capital you are securing the future growth and rental of your Bulgarian property.
- 95% of Borovets is covered in forests and national park. This means there is very limited building land in Borovets and the area cannot become overdeveloped. Borovets has not and can not suffer from the same overdevelopment that has happened in places like the Black Sea coastline or Bansko ski resort. This is very important for the future growth of your Bulgaria properties both in terms of resale and rental.
- The Super Borovets project is an ambitious redevelopment and expansion of the Borovets ski resort. It is set to transform the area over the next 10 years. 100km of new pistes are planned along with several new ski lifts and two golf courses. One of the new ski lifts is located right beside the Chamkoria Chalets & Apartments development. Progress of the Super Borovets project has been hampered by the global economic crisis however the land for the project has been purchased and the masterplan is already approved. We expect that the project will take up to 10 years to be fully realised but as soon as it recommences it will result in a huge increase in the value of Borovets property.
- Rental yield on our Bulgarian properties is estimated at 6-8% per annum - we are committed to maximise your rental return and provide a range of Bulgarian property management services to help with this.
At Concept Bulgaria Property we understand the importance of having local support to guide you though the process of buying and managing your Bulgaria properties. This is why we offer a full range of after sales services so that you can be confident that your Bulgaria real estate will be properly maintained and managed. You can read more about our range of after sales services and how to manage your property in Bulgaria here.
At Concept Bulgaria Property we currently offer a range of luxury Bulgaria apartments and ski chalets in Borovets. If you would like to speak with us about purchasing one of Bulgarian properties or if you have a general query about Bulgaria real estate please contact us.
We are always happy to discuss your investment goals and what you want to get out of your Bulgarian property investment. It is important to us that you understand all the aspects of investing in Bulgarian properties and we are happy to guide you through the process.