Having decided to purchase real estate in Bulgaria, many foreign investors are naturally faced with the obvious question: “What exactly to buy: an apartment/apartment or a private house?” When choosing a property, you should weigh the pros and cons and evaluate which is easier to maintain. We propose to dwell in more detail on the features and advantages of purchasing each type of residential real estate.
Advantages of the apartments
Apartments are trendy among those accustomed to city life and want to spend less time caring for their home. Many foreign investors prefer renting an apartment that can be used during vacation.
The main advantages of buying apartments in Bulgaria are:
- a variety of apartments differing in area, number of rooms, renovation, location, and other parameters;
- ease of care and maintenance;
- ease of use of the apartments;
- high quality of service, which is offered in modern residential complexes;
- financially more affordable apartment maintenance (taxes, payment for apartment maintenance, etc.).
In Bulgaria, there is a vast selection of apartments sold in apart-hotels, apartment buildings, and residential complexes of a particular resort type. When choosing an apartment, you must decide which format is most suitable for you.
Advantages of houses
Your own private house on the sea coast sounds very tempting. By giving preference to this type of real estate, investors can count on the following advantages:
- a wide selection of private houses with different design styles, location, areas, number of living rooms, and other essential characteristics;
- complete privacy, absence of strangers and noisy tourists;
- maximum convenience for a large family;
- the ability to choose the necessary living space, considering personal preferences and wishes.
However, despite the apparent advantages of private cottages compared to apartments, purchasing such real estate has certain features you should pay attention to.
Factors influencing choice
Factors that may influence your choice of apartment include:
- purchase budget;
- financial capabilities of the buyer, taking into account the need to pay taxes and other necessary fees;
- family needs and personal requests;
- availability of infrastructure in the selected region;
- amenities of the interior and exterior of housing.
Such criteria will help investors choose the property that will genuinely meet their wishes and idea of ideal housing by the sea.
Recommended regions
Bulgaria is perfect for comfortable year-round living or organizing a summer holiday. BolgariaDom experts recommend taking a responsible approach to choose a region to purchase real estate since infrastructure development, and the availability of all necessary amenities depend on this.
The most popular resort regions are Sofia, Burgas, Varna, Nessebar, Byala, Pomorie, Sveti Vlas, and Sunny Beach. If you want to buy a villa, we recommend giving preference to more developed villages, in particular in the suburbs of Burgas or Varna.
Legal aspects
You should familiarize yourself with the legal subtleties associated with land ownership. In Bulgaria, at the legislative level, there is a ban on land purchases by foreign citizens who are not residents of the European Union. This means that all citizens of non-EU countries, when buying a villa or private house, become the owner only of the housing itself. The use of land is carried out on a lease basis.
On the other hand, purchasing apartments in Bulgaria is not accompanied by any legal restrictions for foreign citizens. Therefore, as a rule, many investors who are not EU citizens prefer buying an apartment. In any case, it is essential to enlist the support of a qualified real estate agent who will not only help you find housing but will also accompany you at all stages of the transaction.
Successful transactions
The BolgariaDom agency has already helped conclude many transactions for purchasing and selling apartments and villas in different regions of Bulgaria. Our agents pay special attention to choosing real estate for clients, considering their wishes and goals. An integrated approach to resolving issues regarding the conclusion of a purchase and sale agreement allows us to satisfy the needs of even the most demanding investors.
Comparative analysis
To facilitate choosing a property, we offer to compare the main characteristics of villas and apartments.
|
Apartments and apartments |
Villas and private houses |
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Absence of legal nuances that complicate the purchase process |
Only EU residents can buy land and own a plot |
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Affordable cost of service |
More expensive service |
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The presence of neighbors and a large number of tourists in the summer season |
Complete privacy even during the busy tourist season |
|
Large selection in different resort regions, availability of basic infrastructure nearby |
The opportunity to immerse yourself in incredible nature with a minimum number of amenities in small villages, as well as the availability of all the necessary infrastructure in more developed settlements |
When choosing between an apartment and a house, you should consider all the nuances of these real estate types. Contact our experienced managers for help, who will help you choose the most suitable housing option in Bulgaria.