For many people, the question of what is more advantageous – buying or renting property for an annual holiday in Bulgaria – is a pressing one. The country is suitable both for holidays and for permanent residence. Residents of Russia, Ukraine, Israel, Germany and many other countries come to Bulgaria regularly and do not want to spend money and time renting an apartment. However, owning property in a foreign country carries certain obligations. Let us try to analyse the pros and cons of renting and of buying affordable property in Bulgaria for a holiday.
Advantages of buying property in Bulgaria
Pensioners and families with children who have once visited Bulgaria strive to return here again.
Cheap plane tickets, quality affordable food, friendly locals and a similar mentality inspire trust and provide an opportunity to have a wonderful holiday and improve one’s health.
The country is so charming that many visitors develop a wish to find their own cosy home here by the sea, a lake or in the mountains and to arrange it to their own taste. The only way to make this dream come true is to buy an apartment or a house in Bulgaria.
Property prices are low, so doing this is not difficult. Moreover, the reviews from those who have bought a home in Bulgaria are, for the most part, positive.
Buying will solve a number of issues
- Regardless of the season or hotel occupancy, you will always have a home. There is no risk that you will not be able to book a suitable hotel, or that the room you have booked will already be occupied.
- There is no need to pay strangers for rent. This question is especially sensitive for those who spend several months in Bulgaria every year.
- You choose the home and the region where you will live. It can be a cottage on the shore of a lake, by the sea in Burgas, Varna, Obzor, Albena or Ravda, or a small cosy apartment in a residential complex in Sveti Vlas, Elenite or Sunny Beach.
- Furnishing and refurbishment – the home fully matches your wishes, allowing you to enjoy the comfort, spend time pleasantly and welcome guests. There is no chance of moving into a rented apartment with old, dirty mattresses or broken furniture and appliances. Your own apartment is a real treasure for families with children at the resorts of Saint Constantine and Helena, Albena, Byala and Pomorie. Breakages, drawings on the walls, coloured-in sheets – no one will present you with outrageous bills.
- You can come for a week, two, or several months. No one will limit the length of your stay, which is critical if your favourite holiday spot is Sunny Beach, Nessebar or Sozopol.
- While you are away, the apartment can be rented out to provide additional income.
An important advantage is that, as a property owner, it is easy to obtain a multiple-entry visa. It is issued for three years. This means you can come for a holiday at any time of year, taking advantage of low-cost carrier promotions and buying tickets at attractive prices.
Disadvantages of buying property
Buying an apartment has its drawbacks. Living in another country, it is difficult to keep track of the condition of your property. Breakdowns or leaks may occur. It is not easy to take prompt action if a neighbour’s pipe bursts.
Another drawback is that, as a property owner, you will have to make annual payments. Property tax is a small amount. The same cannot be said for the annual maintenance fee.
The amount of the payment depends on the floor area and is determined by the management company. If you live in the apartment for several months, a sum of 400–800 euros a year seems acceptable. But if you come for only 2–3 weeks and do not use the swimming pools or other services of the complex, the amount seems unreasonably high.
The next issue is geopolitical factors. Any political or financial upheavals or crises mean that a person may temporarily lose the ability to use their own home.
For these reasons many people, when coming to Bulgaria for a holiday, choose to rent.
Renting property in Bulgaria for a holiday
If, for you, the drawbacks of buying an apartment outweigh its shortcomings, we recommend considering renting an apartment for your annual holiday. By planning your holiday in advance, you can find excellent affordable options, apply for a visa in good time and buy cheap tickets.
Among the other advantages:
- There is no obligation to come to Bulgaria every year.
- There are no annual payments.
- Each time, you can stay in a new hotel, complex or town.
Renting is an excellent option for young families, single people and groups of friends. It means freedom, independence and vast opportunities for travel. However, these very factors are of little importance to most pensioners from Russia, Ukraine and Israel, or to families with children. They are looking for peace, an opportunity for a quiet, unhurried holiday and a familiar atmosphere.
Whether to choose buying or renting property in Bulgaria for an annual holiday is a decision everyone must make for themselves. In any case, this country offers incredible opportunities for a holiday.
Bulgaria Avenue, for its part, will provide excellent options for accommodation.
Call us and we will give qualified and comprehensive answers to any of your questions related to buying and renting property in Bulgaria, and will help you choose your ideal home!
Subscribe to real estate market news
Get weekly analytics and current offers.
