Buy Seaside Property in Bulgaria

Seaside property in Bulgaria attracts more and more buyers and investors from various countries around the world. Apartments, studios, private houses and cottages — affordable, of European quality. A moderate climate close to Mediterranean, a stable economy and low prices for housing and food are the factors that have a decisive influence on the decision to buy a seaside apartment in Bulgaria.

What Makes Seaside Property in Bulgaria Attractive

It's hard to find someone who doesn't want to affordably buy a seaside apartment. It gives energy and captivates with beauty. The air on the coast is fresh, filled with life-giving force, and heals respiratory diseases. Those who want to holiday come to the sea, but there are thousands of lucky people who live on the coast, enjoy the beauty of nature every day and listen to the roar of the waves.

Settlements stretch along the entire Bulgarian coast. Bulgaria's Black Sea coast is divided into Southern and Northern. Here are large cities where life flows as in ordinary metropolises. These are Burgas and Varna. Industrial enterprises, financial institutions, government and educational institutions offer jobs. There are many kindergartens, schools and universities. There are shops and supermarkets. Specialised medical centres and sanatoria offer massage and mud therapy. Apartments here are bought for permanent residence and renting out. Commercial property is used for restaurants, cafés and sports centres operating year-round.

Kavarna, Nessebar, Pomorie, Sozopol and Sunny Beach offer opportunities to live and work year-round. Tourism occupies an important place in the economy. Jobs are also provided by banks and commercial enterprises. Residents and arrivals buy apartments to live in permanently. In summer it's profitable to open shops, coffee shops, restaurants and clubs. Over three to four months, owners of residential and commercial property manage to earn enough money to rest in winter and plan new business developments.

The situation is similar in small resort towns and villages — Byala, Obzor, Sveti Vlas, Chernomorets, Balchik, Ravda and Shkorpilovtsi. It's cosy here, quiet in winter. In summer the beaches and streets fill with noise and the joyful chatter of tourists. The absence of industrial facilities creates a unique environment that attracts beach holiday and water sports enthusiasts. Resort housing is bought for year-round or seasonal residence. It rents out perfectly in season.

Types of Seaside Property in Bulgaria

Bulgaria's seaside real estate market is diverse. Housing construction is proceeding at a fast pace.

In new, modern buildings on the coast, on offer are:

• Studios. These are living quarters where kitchen, bedroom and living room are combined in one room. There's a combined bathroom and a balcony. On the ground floor, instead of a balcony, a small courtyard with a separate entrance is offered. Studios suit one or two residents. Spacious variants accommodate a small family.
• Two-room apartments. The most common property type in cities and resort complexes. Consists of a bedroom, a living room with a kitchen corner, a combined bathroom and a terrace.
• Multi-room flats. Such apartments have a spacious living room, several bedrooms, two or more bathrooms, and one spacious or two-three small terraces.
• Penthouses. Magnificent flats with breathtaking views of the sea, mountains or city. Often there's roof access, where a sunbathing zone and pool are set up.
• Maisonettes. The residence occupies the last two or three floors of a building. Depending on the area, has two bathrooms and two balconies.

In residential complexes located in resort zones — Sunny Beach, Ravda, Golden Sands — studios and two-room apartments are often built. To expand space, buyers acquire two or three flats, creating veritable palaces.

A special place on the resort property market belongs to cottages and townhouses. Two- and three-storey houses give the opportunity to feel cosy and independent. Gardens are laid out on plots, grapes are grown, barbecue zones are set up and private pools are installed.

What to Pay Attention to When Buying a Seaside Apartment

Every home is unique. In Bulgarian construction, modern technologies are followed, various architectural styles are used, and original design solutions are applied. What to choose is a matter of taste.

Special attention should be paid to the following:

• Proximity to the sea. Owning a first-line home is prestigious. It costs a lot, but when buying it's advisable to check the waterproofing system.
• Apartment orientation. For permanent residence, it's preferable to choose the sunny side. This will let you save on heating costs in cold weather.
• Parking. In large cities and resort centres, free parking spaces are becoming scarcer. When buying housing, it's recommended to acquire a garage or parking space, or consider rental options.
• Maintenance fee. An annual or monthly payment residents make for cleaning services in the building and surrounding grounds. The fee is higher in residential complexes with pools, playgrounds and sports facilities. In urban buildings it's €60–80 per flat per year; in resort complexes it reaches €12 per square metre.
• Location and infrastructure. In large cities, schools, medical facilities, banks and supermarkets operate year-round. In resort zones, many shopping centres and pharmacies are open in season.
• Act 16. When a residential building is put into operation, a document is issued confirming its readiness for occupancy.

Coastal Housing Buyers

Housing in Bulgaria interests many. Among the buyers are retirees from Russia, Germany and Israel, families with children, businesspeople, students and creative people. A Ukrainian or Russian can easily buy a seaside apartment in Bulgaria and legally relocate. 

Apartments and houses on the Black Sea coast, on the first or second sea line, cost less than similar housing on the Mediterranean or Aegean seas. Often such options are more attractive in price than property on the Black Sea coast in Georgia, Ukraine or Russia.

Creative people are attracted to the special atmosphere the sea gives. Here they find freedom, inspiration and the urge to create.

Businesspeople have wide opportunities for business development — the country's tax policy is flexible compared to other European countries. A special sphere is investment in residential and commercial property. With proper business organisation, renting apartments and studios in summer brings high income. In season, in resort cities, it's profitable to open cafés, retail outlets, restaurants and entertainment centres.

For retirees, buying an apartment in Bulgaria is an opportunity to enjoy peaceful life, take daily walks and pursue their favourite pastimes. In every settlement there are shops and markets offering a wide selection of fresh produce, honey and centres.

Seaside Housing Prices

You can affordably buy an apartment on Bulgaria's Black Sea coast. Small studios and cosy two-room apartments cost from €350/m². The average price in small resort towns is €500–600/m².

In Burgas and Varna on the first line, property is more expensive. The square metre costs over €1,000.

You can buy a modest seaside villa in Bulgaria from €70,000. A solid two-storey cottage in Ravda, Sarafovo or Sveti Vlas can be considered with a budget from €200,000. Luxury villa prices reach €500,000.

The Bulgaria Avenue catalogue contains a wide selection of villas and apartments on the coast.

Listings contain detailed descriptions and photos, with the ability to immediately see prices in roubles, hryvnias and dollars.

Get in touch and together we'll find your new seaside home in Bulgaria!