How to choose the best city to live in Bulgaria and buy real estate?

The appeal of Bulgaria

Bulgaria is a country that attracts many people due to its unique living conditions. It has a moderate climate, sunny weather for a significant part of the year, and fresh fruits and vegetables can be found almost at any time. One of the major advantages of the country is the affordability of housing, which creates interest among foreign investors. But how do you choose the best city to buy an apartment in this beautiful place? We will discuss this in more detail.

General information about the country

This southeastern European country is located in the Balkans and has been part of the European Union since 2007. Although its economic indicators are smaller than those of a number of other EU states, there have been positive changes in the economy:

• The growth of the gross domestic product (GDP) remains stable.
• The levels of inflation and unemployment are low.
• Taxation in Bulgaria is characterized by moderation.
• The cost of living in the country is quite comfortable.

Availability and appeal for foreigners

Some British studies show that Bulgaria is among the ten most economically accessible countries on the planet. Soon, the government plans to introduce the euro as an additional currency, which will make it even more attractive to citizens of other countries. These reasons encourage foreign nationals to become interested in working, studying, and obtaining long-term residence permits in the country.

The real estate market in Bulgaria

Due to such interest, there is a rise in real estate prices. In the capital, Sofia, the cost of housing fluctuates between1,700and2,800dollars per square meter, with new constructions often having a higher price, while the secondary market offers more budget-friendly options. In tourist areas, real estate prices are rising to record levels, where the cost per square meter starts from500to1,000euro, which has not been observed since2013-2014years.

How to choose real estate

When choosing real estate in Bulgaria, it is necessary to be guided by official data and the number of transactions. For example, according to statistics of the national registration agency, in the first quarter of the2023In recent years, large cities have registered44,461deals that on9%lower than in the same period of previous years.

Top 5 cities to live in Bulgaria

How to purchase real estate in Bulgaria? In this article, we will present to you a description of the five best cities to live in this country.2023In the year. The ranking was based on the opinions of local residents and includes aspects such as ecology, the job market, the availability of infrastructure for living with a family, as well as the level of educational and medical services.

Burgas: a city on the coast

Burgas, located in the southwest of Bulgaria, is one of the most popular cities to live in. It is a city on the shores of the Black Sea that offers its residents a high quality of life and plenty of opportunities for leisure and recreation.

Burgas: The City of Knowledge

As a result of surveys among Bulgarian citizens and foreigners who have chosen this country for their residence, the city of Burgas ranks first. This settlement, although small in number of inhabitants, is an important center for industry, transport, tourism and culture in Bulgaria. Bourgas stands out as a great place to live, work and relax. The city has established itself through the development of educational infrastructure, which has given reason for it to be called the city of knowledge.

If your plans involve renting a one-bedroom apartment in the center of Burgas, be prepared to spend around$250to$350per month. If you want to become a homeowner, apartment prices range around$70,000-$120,000.

Sofia: A capital with a high standard of living

In second place in terms of popularity is Sofia — the capital of Bulgaria and the largest city in the country, with a population exceeding1.3 millionA person.

Conclusion

In conclusion, I want to emphasize that Bulgaria is truly a unique country with a favorable climate and an affordable cost of living, making it attractive to many foreigners.

Attracting investors and the growing interest in real estate is just a confirmation of its potential. As our article showed, the choice of a city to live in Bulgaria can vary depending on personal preferences and goals:

• Someone is looking for tranquility and comfort in Burgas,
• Some people strive for the vibrant life of the capital – Sofia,
• Some prefer the cultural treasures of Plovdiv, while others enjoy the comfort and quality of life in Varna.

At the same time, the necessity of carefully studying the real estate market, current economic indicators, and demographic trends cannot be overstated. The decrease in the number of transactions mentioned may lead to a new understanding of the market's prospects and investment opportunities.

It's important not only to think about the future but also to take current circumstances into account in order to make the right choice.

In the end, Bulgaria offers us many opportunities, from living and working to business and leisure. With the right information and strategy, everyone can find their perfect place here.

So, if you're considering moving or investing in real estate,BulgariaIt could be your next step towards a new life. Don't be afraid to explore, ask questions, and learn – your perfect home is likely already waiting for you in this amazing country.