The demand and the prices are expected to remain stable
Brokers and real estate developers point out that the real estate market in Burgas is expected to remain stable in 2020, which also applies to the prices per square meter in the seaside town. They vary between 377-1800 EUR per square meter, which is determined by a number of factors including neighborhood, floor, level of completion, parking space, brick or panel dwelling, facilities, and others.
The cheapest properties are offered in the “Pobeda” neighborhood, while the most expensive ones in “Lazur” and “City center”. The average market price per square meter in Burgas reaches 863 EUR, while the price for a 2 bedroom apartment in the “Bratya Miladinovi” neighborhood is 852 EUR/sq. m, in “Vazrazhdane”, is 769 EUR/ sq m, in “Zornitsa” is 946 EUR/sq m, in “Slaveykov” is 741 EUR/sq m, in “Izgrev” is 794 EUR/sq m, in “Vetren” neighborhood is 821 EUR/sq m, in the “City center area” is 1045 EUR/sq m, in “Meden Rudnik” is between 461-573 EUR/sq m, depending on the area.
The trend in demand for predominantly one-bedroom apartments for sale is expected to continue, but at the same time, the interest in 2 bedroom apartments is also rising. Statistics show that buyers spend an average of around 35,000 EUR for a studio, 64,000 euros for one-bedroom, and about 135,000 euros for a two-bedroom.
The desire to invest in a larger property in 2020 will be further determined by the fact that stable construction companies such as Atlantis assist their clients in granting mortgage loans with preferential terms and conditions. That gives security and perspective to the new owners who do not have at disposal the full amount to buy the desired property that meets the needs of the family.
The highest demand is registered for new construction properties with Act 16.
Increased interest from Bulgarians living abroad
The buyers of apartments in Burgas are mainly Bulgarians, which refers to both the purchase of properties for permanent residence as well as for holiday homes.
A considerable part of the potential buyers of real estate in the city is expected to be Bulgarian citizens who have lived and worked abroad, but already have a serious intention to return to Bulgaria for permanent residence.
Closed-type residential complex - safety, privacy and a new way of life
The potential for new construction in Burgas is diminished, which is determined by the rapid overbuilding of the city, limiting the inter-block space and the green areas.
The desire for a higher living standard associated with greater security, providing the necessary comforts, will be among the main reasons why new opportunities will drive buyers' interest in new build residential complexes, designed and implemented by Atlantis in 2020.
The high-quality construction and the good infrastructure in and around the residential complexes increase the demand for properties. A prime example is the Sarafovo South region, which, due to its good location and infrastructure, provides reliable conditions for purchase and investment in 2020.
New residential complexes in Burgas – find your new home with us!
This year Atlantis Bulgaria Construction and Investment Company marks the start of a new Atlantis Aria project in the “Izgrev” neighborhood, which will offer one-, two- and three-bedroom apartments at prices of € 595 / sq.m. Atlantis Aria will cover the need and desire of future homeowners looking for a quality home that provides a safe and comfortable family living environment, in close proximity to all amenities.
In the construction of our buildings, we invest in materials from world-renowned manufacturers, which guarantees us a number of competitive advantages. We keep high standards of work, we offer private parking spaces and additional amenities.
This gives our clients the opportunity to buy a property that fully meets their requirements, by receiving the best value for money when it comes to the market value of the real estate in Burgas.
To contact and consult the Atlantis Estates Sales Department: +359 876 112 222
