Recently, more and more buyers and investors are turning their attention to the Bulgarian real estate market. You can buy cozy houses for sale Bulgaria on many websites, including Bulgarianresales. But why exactly does Bulgaria attract buyers so much? Let’s try to understand this question by conducting a comparative analysis of the Bulgarian market with the rest of the EU markets.
Criteria for comparison
To compare Bulgaria property prices vs europe average offers, it is necessary to understand what criteria to analyze. Experienced realtors and sites for the sale of housing offer to pay attention to the following parameters:
- cost per square meter;
- investment potential
- market prospects;
- taxation.
Each of them is important and shows why the Bulgarian market is the most preferable for clients today.
Cost of real estate
Carrying out a comparison of the cost per square meter can be seen that this indicator is the most favorable for buyers of real estate in Bulgaria. In other countries, it is higher. If you compare resort regions, it is much higher. For example, in Bulgaria, the cost per square meter in the resort area is up to 2000 euros.
In conditional Greece, the cost per square meter is above 2500 euros. And in more developed EU countries, it is even higher. At the same time, the quality of resorts in Bulgaria is not much inferior to other countries.
Investment potential
Comparing Bulgaria property investment potential vs other countries, it can be seen that this country offers good development opportunities. Today there is a large number of real estate offers. In other countries, there are fewer offers, and the market is already established and stable. The Bulgarian real estate market can still develop, and it is profitable and promising to invest in this sector of the economy.
Market outlook
Discussing Bulgaria property market outlook vs other countries, it can be seen that so far, the real estate prices in Bulgaria are lower than in other countries, and it is not yet so much built up. Therefore, there is an opportunity to buy now cheaper housing not only for vacation but also for investment in resort areas. As a result, it is possible to get a good income from the purchased real estate in Bulgaria. Moreover, over the years the cost of real estate will only increase, and unlike real estate in Italy, it will increase at a faster rate, and your investment will pay off faster.
Taxes
It is not less important to compare the tax legislation because the analysis of Bulgaria property taxes vs other countries shows that this country is in an advantageous position here. First, the property tax is lower here (up to 0.3%, while in other countries the rate is at least 0.4% and higher). Secondly, buyers of real estate can count on state benefits. Such programs are not available in all European countries.
Where you can find real estate in Bulgaria online
You can buy cheap bulgarian property with the help of Bulgarianresales website. Our staff will provide the necessary consultations and select the right property in the best Bulgarian resorts. You only need to entrust this work to our company and we will help you at all stages of the transaction.
