Bulgarian Properties

Commercial estates in Veliko Tarnovo reached record price - 6000 Euro per sq.m. That was annonced by the local newspaper “Yantra Today”. The deal was for a shop with a total cost of the purchase of almost 900 000 Euro.

The price is a record for Veliko Tarnovo property market and still amazes real estate agents. This figure can be compared only to prices in Sofia’s “Lozenets” and the centres of Varna and Bourgas.

The main reason for the extreme price is said to be the lack of business areas. Veliko Tarnovo has limited options for commercial properties since there is only one main shopping street. That is way most investors prefer buying shops in the residential complexes rather than esattes located on Gabrovski street ad the Bulgaria boulevard.

Demand is signifficantly high, but the supply of office and commercial realty is very low, as owners make a good profit from letting their properties for rent. Brokers admit that it is virtually impossible to find any business space on the main street of Veliko Tarnovo.

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Investing in real estates in Plovdiv has highest return rate compared to other big cities in Bulgaria. According to a realty survey for the last one and a half year covering all big cities in Bulgaria, the return rate for new residential properties or office premises is estimated at 10,5% average. Plovdiv beats Sofia’s income ratio with only 2,5 points, while compared to Varna the difference is 4 points.

The main reasons for this are said to be the presence of new international companies which are currently entering the Plovdiv market and therefore looking for first-class premises, the low selling prices, compared to the relatively stable rents. The city has also a working economical environment, which is of vital importance to the property market.

According to real estate consultants, the average office rent in Plovdiv is around 8 Euro per sq.m, which indicates a 10% growth since the beginnng of the year. Selling prices are between 600 - 2000 Euro per sq.m, depending on the location.

Although new Bulgarian properties projects are expected to emerge in Plovdiv, prices of residential properties are not likely to go up, since the average income per capita in Plovdiv has not raised signifficantly. Price increase is expected only for luxury residences and properties in the heart of the city.

If you are interested in purchasing a property on the beautiful Bulgaria then look no further!!!

Whether your property is for a holiday home, rental, for investment or to live out your dream to live permanently in beautiful Bulgaria we will find you a property at the lowest possible price!
Bulgaria is an area of outstanding natural beauty with age-old pine forests and fantastic sea beaches.

Skiing in the modern ski resort of high class with luxury hotels, clubs, restaurants and excellent ski runs.
The climate of Black Sea coast is Mediterranean, fine golden sand, natural dunes, a clean and gently sloping sea, no dangerous fish and 1700 hours of sunshine from May trough September.

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