Buy Property in Byala

The town of Byala is located on the Bulgarian coast at the foot of the Stara Planina Mountain and conditionally divides the northern and southern Black Sea coastlines of the country. Byala belongs to the Varna region. The neighbouring town, Obzor, belongs to the Burgas region. From the sea capital of Varna and its airport, Byala is 50 km away, and from Burgas and its airport, 60 km. Year-round transport connections operate with many towns.

The town of Byala is small. The registered population is 2,274. During the season, this number multiplies several times. Many foreigners consider buying an apartment in Byala because of the low property prices (much lower compared with larger cities).

Why Buy a House or Apartment in Byala, Bulgaria

Advantages:

• The historical spirit of the place. The first settlements appeared on Cape St. Athanasius in the 6th century BC. The town began developing as a Bulgarian seaside resort in the last century and got its name Byala (meaning "white") from the famous white cliffs that form picturesque shores and bays.
• The town is laid out amphitheatre-style, so most windows at Byala resort enjoy a sea panorama. The air is filled with phytoncides from the combination of mountains and sea, which has a positive effect on the respiratory tract.
• Infrastructure for permanent residence. Schools, kindergartens, a bus station, shops, cafés, restaurants and a clinic operate all year round. There's a large summer cinema seating over 1,000 people.
• A children's camp.
• Byala is a winemaking region. Here they produce "Dimyat" wine, which can be tasted in wine cellars and tasting rooms.
• A fishing pier, where fishing enthusiasts in Bulgaria can rent equipment.
• Democratic property prices. In Byala you can affordably buy an apartment or flat from a developer, a resale home, or a seaside house.

Property Demand Trends in Byala and Price per m²

Buying an apartment in Byala is becoming increasingly accessible.

In 2006–2008, foreign investors became interested in the town, and construction of residential buildings without maintenance fees and apart-complexes began. Active demand from foreigners from former CIS countries for studios and apartments in Byala in gated complexes within walking distance of the sea was very high. Prices per m² reached €1,500–1,600. The resort was developing rapidly, being transformed by new Mediterranean-style buildings.

In 2013–2014, construction slowed and demand for primary-market apartments began to fall, so prices dropped rapidly, and buying an apartment in Byala, Bulgaria, became easier. Already by 2016–2017, the cost per m² had fallen by around 20–30%. This was due to changing demand. Both locals and foreigners began to prefer larger coastal towns.

At the moment, it's more profitable to buy resale property in Byala than from developers. Price per m² is €700. If you affordably buy a resale property in Byala with existing finishes, you can save even more.

If you're planning to buy a house by the sea in Byala, the cost is around €125,000 and up.

Bulgaria Avenue will be delighted to assist you and help you affordably buy an apartment or a house with a plot in the town of Byala. See you in Bulgaria!