What is the current situation on the real estate market in Byala?

On the Black Sea coast in Bulgaria, a small but attractive town called Byala is nestled. Only one hour away from the famous international airports of Varna and Burgas, this village attracts with its coziness and special atmosphere. According to official statistics, the population of Byala is approximately 2500 people, although many experts claim that the actual number of residents exceeds 5000.

The town is surrounded by greenery and occupies an amphitheatrical area along the sea coast, which provides excellent ventilation and brings fresh sea air even on the hottest days. Thanks to this favorable geographical position, any resident of the town can enjoy magnificent views from the windows of their homes, and the almost complete absence of powerful industries makes Byala an exemplary ecologically clean corner.

Infrastructure and life in Byala

The priority direction of Byala's development is to create comfortable conditions for family vacations. For this purpose, a well-developed infrastructure has been organized, which includes:

• playgrounds for children;
• beach attractions;
• summer theater;
• modern sports grounds;
• Luna Park, which operates during the warm-weather season.

Byala offers local residents stores, kindergarten, educational institutions, medical center, as well as banks and post offices, which makes everyday life here very comfortable.

Such surroundings and living conditions become strong arguments for moving, attracting both older people and young people seeking a more measured life away from the hustle and bustle of the city and continuous noise.

Geography of Byala

If we consider the geography of Byala, it can be divided into five main districts:

• Coastal Zone:includes Chernomorka Street and adjacent streets that are no further than 400 meters from the sea.
• Greek neighborhood:begins after the bridge on the north side of Chernomorka Street and covers the area known as “Glico”.
• Prosecutor's District:is located approximately 400 meters south of Chernomorka Street and covers the vicinity of the recreation center of the Prosecutor's Office.
• Centerpiece:is just west of Premian Street.
• Southern Neighborhood:extends from the end of P aikaan Street to the harbor and marina.

Those who would like to enjoy picturesque seascapes and silence should pay attention to the Greek and Prosecutor districts, as they are located on low hills and are far from the hustle and bustle of the city. Beach lovers who appreciate the possibility of quick access to the sea, as well as proximity to a variety of restaurants and stores, choose housing in the area of Chernomorka Street. Those who prefer quieter living conditions away from the beach, but within the city infrastructure, most often stay on the central streets.

Byala provides many options so that everyone can find the perfect place to live by the sea.

Andrey Premyanov: In search of silence and comfort

Today, many people seeking to find peace and comfort, as well as enjoy evening walks in the fresh air, often pay attention to the southern regions. In the town of Byala there are many different real estate options that can meet the various demands of buyers.

Current market conditions

Current conditions in the residential real estate market make buying a home in this city less profitable for those hoping for a quick resale for a profit. Over the past few years, especially in the last three to four years, there has been a marked decline in interest in local residential square footage. Nevertheless, purchasing housing located in close proximity to the sea seems to be a very reasonable decision: such apartments can be rented out and, if necessary, quickly sold.

Choosing a residential complex

A key aspect of choosing a property is the process of selecting the apartment complex itself. It should offer services and amenities similar to those available in hotels, for example:

• swimming pool availability
• sunbeds
• umbrellas
• play areas for children
• convenient parking lots
• green space

Most Russians who decide to buy a dwelling in Byala dream of a quiet vacation at their dacha by the sea, surrounded by picturesque landscapes. Some of them plan to find it possible to live in this resort all year round, while spending less money compared to more famous Bulgarian resorts.

Who buys real estate?

It is noteworthy that a significant number of buyers are Bulgarians, who decide to invest in their real estate for rent or for personal use, moving to this city from other parts of the country. The second important group of buyers are Germans, both locals and those who moved from the post-Soviet countries (Kazakhstan, Russia, Ukraine). They usually buy apartments for vacation, although some of them choose to live permanently. At the same time, they rarely rent out their apartments, preferring that their relatives and friends have such opportunities.

Demand for apartments

Today there is a noticeable demand for apartments that are already furnished and equipped with appliances. Such apartments are located in residential complexes with low utility bills. Bulgarian citizens seek to minimize their housing maintenance costs, which can reach the following levels6-8 eurosand more per square meter, preferring options with low annual costs, about250 euros.

Secondary real estate market

The secondary real estate market in Byala is currently leading. It is mainly represented by offers of such objects, as the construction boom in this area came to an end back in the2014-2015.

Simplified process of buying real estate in Byala

If you are looking for an easy and quickly accessible way to become the owner of a property ready for immediate move-in, this solution seems quite reasonable. Currently, the secondary real estate market in Byala offers a wide range of options for purchase.

Differences between primary and secondary markets

There are significant differences between the primary and secondary markets, primarily related to pricing policy. The primary market has remained at the level that was typical before the crisis and the fall of the ruble in Russia, while the secondary market more often than not reflects current conditions and price fluctuations, which largely depend on the purchasing power in the country.

Housing prices in Byala

As for housing prices, the average cost of a one-bedroom apartment in Byala ranges from 19 to 22 thousand euros. Of course, there are both more affordable and more expensive options, depending on various factors such as:

• location
• Additional amenities, such as a spacious terrace or a private courtyard

Prices for one-bedroom apartments vary considerably, the minimum cost of such objects starts from 25 to 27 thousand euros. Most of the presented one-bedroom apartments cost from 30 to 40 thousand euros. As a rule, more expensive apartments offer additional benefits such as:

• good planning solutions
• high-quality finishing materials
• convenient location
• beautiful sea views

Two-bedroom apartments

Three-room apartments are usually less common on the market and have a higher price category, which is due to individual characteristics and a variety of layouts. Here in the sale can be found:

• compact versions
• luxury penthouses with large terraces

Compared to other types, interest in three-room apartments remains quite low. Prices per square meter of real estate vary from 250 to 900 euros. However, more than 70% of properties are sold within the range of 300 to 600 euros per square meter. It is noteworthy that many buyers prefer inexpensive properties with full furnishings and appliances, as well as low maintenance fees.

Real estate for rent in Byala

As for renting, the main purpose of buying property in Byala is the possibility of organizing family vacations. Many homeowners realize the potential benefit of renting their apartment during the periods when they cannot use it. One-bedroom apartments in Byala are consistently offered for rent at prices ranging from 20 to 25 euros per day.

While the rent of two-room apartments varies between 30 and 45 euros per day, and three-room apartments are rented for 45-55 euros per day. During the peak tourist season, the rental price of large apartments can reach 80-100 euros per day, which clearly demonstrates the high interest in this segment of real estate.

Conclusion

In conclusion, we can say that the attractiveness of Byala continues to grow due to its unique combination of comfortable living, favorable ecology and developed infrastructure. Against the background of the current situation on the real estate market, focused on secondary housing, all conditions for living and recreation are created here.

If you are looking for a quiet corner to live by the sea, away from the hustle and bustle of big cities, Byala could be the perfect option. The offer on the market is mainly focused on apartments, which makes them affordable for a wide range of buyers, including Russian, Bulgarian and even German citizens seeking a quiet life or a seasonal vacation.

Important aspects to consider when buying

Nevertheless, before deciding to buy, it is important to carefully analyze the state of the market and choose exactly those properties that meet your requirements and expectations. Note the following points:

• Developed infrastructure:Apartment complexes with amenities such as swimming pools, playgrounds and other amenities.
• Low utility costs:Look for properties with minimal utility costs to avoid high payments.
• Opportunity to create coziness:If you're ready to do your own design, the primary market can be an interesting option.

Today Byala is not just a geographical point, but a place where dreams of a peaceful life by the sea come to life. This small town with beautiful views and a favorable climate will be an ideal haven for those who appreciate peace and harmony.

If you are looking to take a break from the hustle and bustle of the city while maintaining access to all the amenities you need, it is worth considering this resort town as the best option for your home or investment.