1 BR apartment for sale in a communicative area near the central part

The apartment is located in a rather communicative area near the central part of the city of Varna. There is a school, a kindergarten and a market place nearby.

disposition

The apartment comprises an entrance hall, a spacious living room with a kitchenette, a bedroom, a bathroom with a toilet, 2 terraces. The living room is large and spacious and there is a possibility to be divided into two smaller rooms. Along the living room is set one of the terraces which is split in two - a part of it is with a PVC joinery. The other terrace is accesible from the bedroom and faces the street.

standard of finishing

• Flooring: bedroom and living room - parquet and terracotta;
• Bathroom: Greek faience and terracotta; fully outfitted with a bath-tub;

accents

• near downtown;
• good disposition;
• good quality construction;

Why you trust us...

When organizing your trip to Bulgaria to view or purchase property it is very important that your trip is free from any troubles so you can focus on the main reason for your trip - to choose the right property. We, at  Mirela Real Estate agency will be more than happy to organize your viewing trip to Bulgaria.

Before you come to Bulgaria we can organize or recommend a number of hotels providing accommodation.

On arrival you will be greeted by a friendly and highly trained representative.

Afterwards we will arrange for you the viewing of properties you may be interested in at any time convenient to you. At that time you will be accompanied by an experienced and qualified employee of ours to provide consultancy, interpretation and assistance when required.

Finishing and furnishing...

For owners of properties in Bulgaria, interested in renting their premises or for those who want to feel their property like a real home we can take up organization and control or full completion of construction or repair works. Mirela Real Estate Agency is in partnership with companies that offer complete line of furnishing services including ready set furniture packages that meet the requirements of the rental management companies. If you prefer our partners can help you design an ideal interior to suit your taste and style, and completely furnish the property  so that  everything is ready for you. 

Varna is Bulgaria's Sea Capital. The gem of the Bulgarian Black Sea is situated at the end of the big Varna Bay, with a convenient and well conserved water area a port wich in years handles up to 18 million tons of cargo. The ciry's peculiar sea charm is sublime and moving. Ancient, medival, renaissance and modern cultures mingle and coexist through the city. Varna lies on the same latitude of the famous Atlantic resorts Bayonne and Biarritz in France, on a large, flat and high terrace on the northwestern most curve of the bay wich just some 7km inland. The city occupies some 24sq km, measuring 6km northeast-southwest and is about 4km wide. During the holiday season, July and August, the sunshine allows 10-11 hours of sunbathing. There is nothing of the col Baltic wind or the summer Riviera heat.
The city is clean and green. Of the green miracles at least three are a must: the Marine Gardens which are the largest in the Balkans; Euxinograd park, the former Royal Palace; the paradise of St. Konstantin.

Varna is a city of old culture, living traditions and ambitious undertakings. Some 20 percent of its population are students in various educational institutions, four of wich are higher.

Belogradchik Rocks have attracted 155 000 tourists since January 2009

Construction type: brick

Year of construction: 1997 Year

Heating: Air conditioner

Exposure: East, West

Bathrooms: 1

Balconies: 2

Joinery: Wood windows

• New development
• Resellers

Agent's valuation of the offer Excellent!

Where is it possible to buy a property on your credit card? Bulgaria, of course!

With thousands of potential property buyers seduced by Bulgaria's bargain property prices, the temptation is to think that making a solid return is a no-brainer! For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true!  The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers.

Until recently Bulgaria was a little heard of, little talked about country tucked away in a dark corner of the Eastern Block so what has changed?  Bulgaria's success in attracting thousands of property investors could be put down to two key factors. 

Firstly, the past two years have seen a decline in rental yields in many of Europe's more established property markets.  The UK, Ireland particularly are seeing rental yields drop to under three per cent.  Combined with the over inflated cost of property in these countries, the Western Europe investment market is a tough one to work.  This has resulted in thousands of investors, turning to Europe's emerging economies, seeking out markets that can work their funds more profitably.  Close behind them follow hundreds of amateur investors and holiday homes buyers ready to buy up the new properties being built by professional developers.

However, foreign interest in new markets alone doesn't explain Bulgaria's success. Investors seeking new pastures could in theory take their funds to any of the former Communist countries and many of them do.  The second factor that has attributed to Bulgaria mass appeal is its versatility. Bulgaria is such an attractive investment opportunity because it has something for everybody's tastes and offers the investor and holiday homebuyer plenty of choice.  Right now dozens of new developments are springing up along the beautiful Black Sea coastline and sun soakers from all over Europe flock to Bulgaria for cheap and affordable beach holidays!  Further inland, Bulgaria's main ski resorts have become some of the most fashionable in Europe, particularly Borovets and Pamporovo.  Top quality ski chalets, hotels and complexes are being built to facilitate the new influx of European skiers, all at amazingly affordable prices.  A ski chalet in the centre of Bulgaria's ski resorts can be bought for a quarter of the price of a similar chalet in France or Italy.  Finally, the natural beauty of Bulgaria's mountain ranges and valleys has made it an appealing location for walking, cycling and adventure holidays.  From the cosmopolitan appeal of Sofia, the country's capital, to the small villages of the Rhodope Mountains, Bulgaria has something to offer every taste at some of the most affordable prices in Europe.

Two or three decades ago, Spain was experiencing the type of interest that Bulgaria is receiving now.  With the rise of the foreign holiday as a luxury the masses could afford, Brits began to flock to sun soaked Spain.  Their interest promoted an influx of developers who took advantage of Spain’s popularity with tourists and built affordable holiday homes. This encouraged many of the tourists to invest in their own little piece of paradise, with the advantage of being able to extend their own stay and encourage others in by letting their property. The result over the years was a continuing rise in property prices but also a strengthening tourist economy, a well-developed infrastructure and growing opportunities and financial benefits for native Spaniards.

Property prices in Spain are now so high that buyers are forced to look for cheaper alternatives.  In turning to Bulgaria, the cycle will begin again.  In fifteen to twenty year's time, the Bulgarian property market may well be over-priced for second homebuyers and once again the search will begin for new and cheap destinations.  In the mean time Bulgaria will have grown on the strength of its EU membership. It will have pumped millions of euros into improving infrastructure.  Tourism will have generated huge amounts of wealth for the economy and the poverty that characterises the country now may well be very much a thing of the past!

So while Bulgaria is proving to be a wise investment option with some properties offering up to 80% capital appreciation in one year, it is still necessary to be very cautious when choosing where to invest.  Property prices are rising significantly but largely in the more established and more desirable tourist hotspots.  Investing along the Black Sea coastline and areas within 10km of the two major ski resorts, Barovets and Pamporovo, is likely to yield a healthy 60-80% capital growth in one year.   Buying a new apartment in these areas can cost as little as EUR 30,000 and is likely to be solid investment, since they can be easily let to the increasing number of tourists coming to experience the delights of Bulgaria.