Bulgaria Avenue continues to introduce its clients and readers of our blog to the neighbourhoods of cities and resorts along Bulgaria's Black Sea coast. Today, our review focuses on the Briz neighbourhood in Varna.
Varna is Bulgaria's third-largest city and its maritime capital. It is located in north-eastern Bulgaria. Varna is a tourist centre and a starting point for travelling to many resorts along the northern Bulgarian Black Sea coast.
Briz neighbourhood in Varna – key information
The Briz neighbourhood is located in the eastern part of Varna in the Primorski district; on the southern side it borders the Chaika neighbourhood, and on the northern side – the Sveti Nikola district.
Briz is one of the newest and most dynamically developing residential neighbourhoods of the city.
The undeniable advantages of the area are its proximity to the Sea Garden and the resorts, as well as the magnificent sea view that opens up here even from the lower floors of the buildings.
The largest diagnostic, treatment and consultative university hospital complex in north-eastern Bulgaria is located in the area, serving people from all over the country – MHAT St. Marina. The neighbourhood is close to the Technical University of Varna. There are 3 schools, 3 hypermarkets: Piccadilly, Billa, Kaufland, 4 hotels, a shopping centre, banks, and restaurants.
The area has convenient transport connections with the city centre and tourist complexes. The surrounding area is served by 13 bus lines and 1 trolleybus line of public transport.
Within the framework of the "Integrated Urban Transport of Varna" project, a cycle path has been built which will connect the centre with neighbouring schools, and a rapid bus line has been created that will connect the Briz district with the Vladislav Varnenchik district.
In the very centre of the neighbourhood there is an impressive park – a monument to Bulgarian-Soviet friendship, from which a breathtaking sea view opens up; it is an attractive place for walking and sports activities.
In the Briz area, the cost per square metre of completed housing starts from 950 euros; in new-build developments the price depends on the construction stage of the building. At the very "green" stage, when the building permit is issued, an apartment can be acquired at a price starting from 800 euros per square metre.
The average price of an apartment with 1 bedroom, which consists of a living room combined with a kitchen, a bedroom, a hallway, a bathroom and a balcony, with an area of 56–65 sq.m, is from 60,000 euros and above. A two-room apartment in the Evergreen residential building, which is one of the best in the whole of Varna, can be purchased for 60,145 euros. A panoramic, spacious apartment next to the Seaside Park is offered for 56,000 euros. At the construction stage it can be purchased for 52,000–54,000 euros, with an interest-free instalment plan for 1–2 years. An affordable apartment in a residential building, directly from the developer with an instalment plan, is offered on our website for 43,300 euros.
There are also houses for sale in the Briz neighbourhood. A townhouse with 4 bedrooms 2 km from the seashore is offered for 275,000 euros. A house with an area of 300 sq.m is offered for 325,000 euros.
Varna is a beautiful city with a good climate and convenient geography, located close to major cities in Romania. Varna is distinguished by excellent transport links: a port and an airport. There are many universities in the city.
Varna's economy is the third largest in the country and attracts young people to the region.
According to NSI data, 55.6% is the increase in gross value added in the local economy over the past ten years, compared with an average figure of 62.7% for the country as a whole.
Varna, for the second time in the past two years (2019–2020), has won the "City of Knowledge" award in the "Darik Radio" ranking – "In which city is it best to live".
If your family faces the question of education for children and you are exploring where it is best to receive an education in Bulgaria, then Varna in particular can offer kindergartens, nurseries/schools in Bulgarian, Russian, English, German, and French. In addition to secondary education, higher education is received not only by residents (citizens) of Bulgaria, but also by foreign students from Germany, Scandinavia and other EU states.
Another award in this category for Varna unequivocally confirms that the city is a national centre of education and science.
Varna is suitable for permanent living, for relocation by both young families and pensioners, for investment, and for renting out property both short-term and long-term. When acquiring property in the city of Varna, it is always easy to resell it later, since the main client is the local population, and your property may increase in value in percentage terms. You will always come out ahead!
An overview of property prices in the maritime capital of Varna
Varna ranks second in property prices after Sofia. According to various participants in the local market, the combined growth in 2020 amounts to 5 to 7% per year, which indicates the stability of the market without sharp movements.
The property market in the city offers a variety of property types: residential complexes in new-build developments or in old brick buildings/panel blocks, the opportunity to buy houses/villas in the best districts of Varna, commercial property or a plot of land.
As in any city, the price per square metre is determined by location, year of construction, quality, floor level, orientation – the compass direction – and so on.
In Varna, property can be purchased starting from 750 euros per square metre in new-build developments or 650 euros per square metre in the older housing stock. A neighbourhood that is good for living is of great importance – the location – proximity to the sea, to the Seaside Park of the maritime capital.
The elite districts of the city of Varna: Gratska Mahala, Cherven Ploshtad, Chaika, Briz, Sveti Nikola, Evksinograd, Trakata.
Among the top districts for acquiring property, both for foreign citizens and for the local population, is the Briz district.
Bulgaria Avenue will be glad to assist you in choosing property in the city of Varna, will provide guidance on districts and pricing policy; we work on an individual basis, in accordance with your wishes!
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