Bulgarian Property & Real Estate News

Searching for cheap Bulgaria apartments is easy. All you need to do is to know what types of apartment you are looking for. After that, you have to determine your budget so that you will be able to find an apartment that suits your finances. If you know what you want, then you will definitely find the best Bulgaria apartments.

There are several things you can do in order to find the appropriate apartments in Bulgaria. The first thing you should do is to conduct a thorough research. Your research will be based on what type of apartment you like. The size of apartment matters a lot. You can either choose large or small apartment, depending on the number of people who are going to use the apartment. There are also fully furnish and semi furnish apartments. So make sure you also take a look at this factor.

If you are looking for apartments in Bulgaria, it would be a wise decision if you are going to contact a real estate broker. You need to discuss various things, especially the type of apartment that you want as well as your budget. This way the real estate broker will be able to find an apartment that would suit your needs. Ideally, the prices of apartments in Bulgaria range from $700 to $1000 per month. Some apartments offer a rate on a weekly basis and on a daily basis. The weekly rate ranges from $300 to $400/weekly and $50 to $60 on a daily basis. The payment plan depends on your choice. If you are on a tight budget, you should check out the different payment deals and options.

If you want to visit Bulgaria, it would be a wise decision if you are going to take advantage on the different apartments in Bulgaria. Renting apartments in Bulgaria is actually cheaper as compared to lodging house and hotels. It is a cost effective mean of finding the best accommodation. The location of the apartment is also essential. Make sure to choose a location that offers easy access to different amenities in Bulgaria. Most of the apartments are located in the seaside, countryside, mountains, and near the metropolitan. Choose the best location, depending on your purpose of going to Bulgaria.

Most businessmen take advantage of buying apartments in Bulgaria. Aside from the fact that they will be able to enjoy it personally, they will also have a continuous income generating apartment. Bulgaria is the leading tourist destination, especially for people who have intense passion for skiing. There are millions of tourists visiting Bulgaria in a yearly basis. Hence, if you have an apartment property in Bulgaria you will have a continuous flow of income. There are a lot of apartments for sale in Bulgaria. You can check out the internet. It offers a lot of options for people who want to own a property in Bulgaria. As a matter of fact, you will be able to purchase an apartment at a very reasonable price.

According to the latest report by the Bulgarian National Statistical Institute (NSI), which was conducted to measure the prices of Bulgarian apartments in the regional cities in 4Q 2011; the prices have almost been identical  to those prevailing in the same year’s 3Q. The fall in the prices on an average is only 1.5% just because the rates of the Bulgaria apartments for sale in Montana and Pernik towns have witnessed the maximum drop, which was -8.27% and -6.91% respectively. During the second half of 2011, the Bulgarian real estate market has seen a slowdown in the pace of fall in the apartment prices across the nation. It was found that this drop was only 1-1.5% on an average on a quarterly basis.

Taking into account an annual basis, the prices of Bulgarian apartments for sale in the regional cities fell by 6.2% on an average, which is similar to the annual drop witnessed in the third quarter of 2011. After calculating via the Harmonized Index of Consumer Prices (HICP), the real fall in the prices of apartments following the hike is just 2% as compared to the former quarter. On an annual basis, the fall was 8.5% as compared to the same quarter of the previous year, 2010.

The NSI data further reported that the average price a buyer had paid to buy Bulgaria apartments in the regional cities was 453 EUR sq. m. in the last quarter of 2011, with the prices being same in Varna as well as in the capital Sofia. However, since the last few months of 2011, the prices at which the apartments were sold in the biggest cities were: Sofia – 743 EUR per sq. m., Varna – 743 EUR per sq. m., Plovdiv – 485 EUR per sq. m., Bourgas – 596 EUR per sq. m., Stara Zagora – 455 EUR per sq. m., Rousse – 430 EUR per sq. m., and Veliko Tarnovo – 365 EUR per sq. m.

In case of Sofia, the fall in the prices in the last quarter of 2011 was -0.22%, which was nominal as compared to the former quarter. This means that the cheap Bulgaria apartments are now no longer so cheaply available. Therefore, if you are now thinking to buy Bulgaria apartments in any city of Bulgaria, be ready to spend a bit more. This is true despite that after inflation, the prices of apartments in the capital city of the country have fallen by 0.65%, which is much low than the fall in the prices in the previous quarter.

The reports also revealed that the accumulated nominal price fall of the Bulgarian apartments in the provincial cities in the former three years is 37.5% since the onset of the crisis. However, the accumulated price drop is 41% for the capital city. Nonetheless, the accumulated real fall in the prices of the Bulgarian apartments on an average after inflation as well as since the onset of crisis is 42% for the nation, 45.5% for the capital.