Population migration is from smaller to larger cities and especially to the capital. However, those who have money to buy a home in the capital can easily buy a house with a view of the sea in the Burgas neighborhoods “Sarafovo“ and “Kraimorie“.
Proof of the high interest is the gradual increase in the price of this type of property. For example, in “Sarafovo” the price per square meter has increased from EUR 950 to EUR 1300, according to the data of the largest real estate site in our country imot.bg. In “Kraimorie“ the price holds a constant average price of 1200 EUR since mid-2022.
The number of houses offered in “Sarafovo” at the moment is close to 100, according to the data on the site. New construction properties predominate. Some of them are located in closed complexes with 10-15 houses in the neighborhood of the neighborhood. There the prices of rough construction houses are offered at 178,300 EUR. For the amount in question, the client receives a two-story property with an area of 133 sq.m. and a yard with a size of just over 200 sq.m. One parking space is included in the price.
For those who wish fully furnished house, they can get it for the sum of 220,000 EUR. The property has a built-up area of 190 sq.m. and yard 400 sq.m. Its advantage is that it is located in a communicative but quiet place.
The supply of houses in “Kraimorie” is very limited. There are a little over 30 offers, some of which are old construction and others are still under construction. Among the most budget offers is a house built in 2000. with an area of 94 sq.m. Its price is 107,000 EUR. It is located in the villa area of “Kraimorie“, near Rosenets, where in recent years closed complexes with terraced houses have been erected.
For EUR 250,000 you can buy new three-story house with pool on the first line. The size of the property is 218 sq.m. It was built this year and, at the customer's request, it can be completed “turnkey“.
The growth of Burgas is realized both in the north and in the south. Investors prefer the construction of low-rise residential buildings, mostly houses with all the necessary infrastructure.
The only minus remains the road infrastructure. Its expansion is a difficult, expensive and rather slow process.
You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE
