Home office and the new 'normal' are changing the real estate market

The Covid-19 pandemic and the related restrictions to it have had a lasting and significant impact on the way we work, communicate and interact. A number of activities have transitioned completely into the digital space, and businesses and companies that did not allow their employees to work from home are now supporting remote work. In just one year (from March 2020 to April 2021), the number of job offers in Western Europe that mention the possibility of remote work has increased by 126%, according to Adecco Group. Similar growth was not observed before the pandemic, and its preservation even after the end of the lockdown as a work model and choice of work environment definitely shows that we have built a "new normal", a new reality and the business environment is not what it was before the different 2020-th. The ability to work remotely has also changed the real estate market - an expected change when choosing a place to build a home is not related to choosing a workplace. 

How the remote work has changed the real estate market?

The home office provides employees with the unique opportunity to raise their child, nurturing it personally, as well as choosing the place on which to build their home, a place that brings them peace, relaxation, inspiration and productivity. The possibility of remote work led to a sharp increase in the demand for properties for rent or for purchase with a location in the mountains or on the seashore, apartments in Burgas and other regional centers of the country, giving the opportunity to combine the urban advantages with peacefulness and escape from the reality .

The trend to offer and search for a remote work has multiplied the demand for housing in resort villages, on the seashore or in a picturesque place in the mountains at the expense of housing for purchase or rent in the cities that used to lead the rankings before. 

Why should you buy your beachfront property now?

The specialists are increasingly discussing remote work as an opportunity for businesses to hire a professional regardless of their location, save money on rent, supplies and energy, enable their employees to work from a place that inspires them and makes them more productive. In the area of creativity and communications, and beyond, working from the beach has been proven to yield better results than working in the office.

What are the new factors that make buying an apartment in Burgas a good idea?

• The reality is that prices will not go down, and the reasons for this are complex - not only an increased demand, but also inflation, increased labor costs, as well as material prices continuing to rise, which will make buying at a later stage – more expensive. 
• Inflation, whose rates and growth are increasing from 8-10% in 2021 to 20% this year. This, on one hand, eats up the savings, on the other hand, it is a clear sign that a purchase at a later stage will be more expensive.
• The prices for vacation - hotel, villa, property rental – also have increased, and here the reasons are complex - refugees renting properties, meaning there is an increase in demand, which also determines the higher prices, an increase in wages in the sector, as well as the rise of energy and food prices. This results in a room price per night too high to be profitable if you spend the summer by the sea. If you have a large family and spend at least two of the warm months at the seaside, think about whether it would be more profitable for you to buy an apartment in Burgas and have your own vacation home. You can always rent it out at a later stage or rent it out for part of the season, making it an investment as well.
• At the moment, there is a slowdown in the growth of prices in the property market, which makes the purchase right now profitable and favorable. Quarterly price growth was around 3%, slowing from over 11% at the start of the year and 5% in the second quarter. It is not known how long this trend will last and whether prices will start to rise again, making waiting and long consideration of a purchase risky.
• Among the reasons to buy an apartment in Burgas right now are the relatively low interest rates on loans against the backdrop of rising prices and inflation.

The demand for housing on the Southern Black Sea coast, and especially in Burgas, has increased during the Covid crisis, and the curious thing is that the trend is maintained even after its end. However, why should you choose apartments in Burgas, and not somewhere in the interior of the country or with a location in another village on the seashore?

Apartments in Burgas - advantages and why they should be preferred 

The advantages of buying properties in Burgas start from the fact that the Southern Black Sea coast is a better option than the Northern coast in terms of climate and development. The pearl of the Southern Black Sea coast is undoubtedly Burgas - a maritime capital, a regional city, which provides an opportunity for business development, a career, easy access to the education system, culture, places for entertainment and sports and other opportunities that are missing in a small resort village.

Among the houses announced for sale on the sea coast, Burgas stands out with particularly attractive offers, giving opportunities to buy apartments in Burgas in newly built closed-type residential complexes, located in key and convenient locations, combining comfort, security, proximity to city life enjoying these comforts from its own yard, green spaces and a pool for complete relaxation. You can find similar offers in Atlantis Aria, Atlantis Aria 2 and Atlantis resort, the latter being a 10-minute drive from the city center and located in the quiet and cozy Sarafovo-South area.

Among the apartments offered for sale in Burgas, there are also apartments with their own private yard. Who said that you'll never enjoy the freedom of having a private yard because you can't afford to buy a house? Hurry up, the time is now.