Real Estate in Bulgaria -The Best Places to Buy/Invest in 2024.

In this video I give you opinion on the best places to invest in Bulgarian property for the year 2024.

Bulgaria is one of the most underrated countries in Europe it has so much to offer including lovely beaches churches tasty Cuisine ski resorts wonderful Countryside monasteries mountains ancient sites and above all very friendly people in today’s video I’m going to give you my opinion on the five

Best places to buy real estate here for the year 2024 unfortunately as Bulgaria is suffering from a population decline in particular in the countryside and smaller towns I cannot include these places in the top five in particular when it comes to real estate investing fortunately this is not the case in the

Larger cities and despite significant house price increases over the last few years I still believe over the medium and long term a number of cities in Bulgaria will see further house price Rises let’s not forget Bulgaria’s economy has seen significant GDP growth over the last 20 years and also it has

Very low total government debt to GDP and in actual fact it’s the second lowest in the European Union and this means that it’s unlikely that the government will need to raise taxes in the future and talking about taxes taxes are already very low in Bulgaria the

General rate of tax is only 10% so if you rent out your property here you’ll only pay 10% rental income tax anyway here are my top five places to buy real estate in Bulgaria for the year 2024 and please let me know if you agree or

Disagree with me and why in the comments below now coming in at number five is banso there’s no doubt that property in the ski resort of banso is not as cheap as a couple of years ago where it averaged just 500 per square meter in fact now you’re looking at an average of

Around 700 to 750 per square meter but in absolute terms it’s still cheap banso is actually by far the most popular ski resort in Bulgaria with 18 pie covering 75 km however there’s more to banso than just skiing it has plenty of bars clubs restaurants and ice skating in a bowling

Alley and horse bike riding as well and it’s got a beautiful Oldtown another major advantage of banso is that in the summer people do come here and hike this town of 9,000 is also becoming a mecca for digital Nomads the one major disadvantage though is that

It’s a long way from an airport name namely sopia airport it can actually take 2 and a half hours from sopia airport to bans nevertheless if you consider in many Western ski resorts property prices are often up to 15 times more expensive than banso this does show

That banso is still cheap and in the next few years we will probably not see the growth of the last two or three years but I still expect in the medium-term average real estate prices here to reach € 1,000 per square meter on average so I think bans is definitely worth

Considering now coming in at number four is Burgas Burgas is the second largest city on the Black Sea and the fourth largest in Bulgaria with a population of around 200,000 in the last year or so property prices have gone up by over 15% and now stand at an average of around €

1,300 per square square meter if you’d invested eight or so years ago you would probably have seen an increase of your property of nearly 75% so the days of very cheap property are over however I still think that borgas has a lot to offer it has the busiest airport on the

Black Sea with flights to a number of European destinations plus Dubai and Tel Aviv in Israel although of course many of these flights are seasonal there’s also a Mainline railway station and a bus station and borgas is the gateway to Sunny Beach and the Beautiful nessar the city itself has a nice Beach

A huge Marine Park plenty of places to shop and bars cafes clubs and restaurants as well and if you want to rent out your property here you have a choice between the Airbnb Market in the summer months or long-term rentals in the winter months now remember as I’ve said rental

Income tax is very low at 10% so Burgas is definitely worth considering and I believe in the medium term prices on average will reach €5,000 e per square meter now coming in at number three is the absolutely beautiful city of PIV with a population of just under 350,000 PIV is Bulgaria’s second largest

City PIV is a much underrated City but it is getting more attention especially since 2019 when it was the European capital of culture PIV is actually the second oldest living city in Europe and the old town is a candidate to become a world heritage site PIV is a city with

Good infrastructure a growing IT industry as well and it has six universities and a number of state and private colleges and it’s got branches of other universities as well now if you’d invested in PIV eight years ago you would have probably seen the value of your property nearly double in the

Last year or so property prices did less well they increased by an average of around 8% Which is less than the other major CI ities in Bulgaria so property prices now stand at around € 1,300 per square meter again the great thing about PL is that it’s got a high

Student population so you should have no problem renting out your property I also think that as the popularity of PIV increases so will the Airbnb market now transport wise PD has an extensive public transp transportation system including nearly 30 main bus lines it also has a major road and Railway

Network but the only thing that that I have to say is a disadvantage is that although it’s got a major international airport flights are very very limited now coming in at number two is VNA with a population of around 335,000 VNA is the third largest city in Bulgaria and

The biggest on the Black Sea van is actually one of my favorite cities in Europe van is fairly unique in having a combination of City Life a beach and a beautiful sea Garden which is 8 kilm long now the pedestrianized walk from opposite the ornate Cathedral to the

Entrance of the sea Garden is one of the most Pleasant if not the most Pleasant in Bulgaria VNA has the most important Museum in Bulgaria as well namely the archaeological Museum it’s also got a lovely opera house and ancient Roman baths now although Vara is known for

Tourism it’s also a business city as well with important sectors that add to its economy such as manufacturing shipping Banking and also financial and insurance services as well it also has top universities in Bulgaria including the University of Economics the Medical University of V and the Technical University of VNA transport wise Varna

Has excellent Road Links a railway station two major bus stations a sea port and an international airport that flies to a number of European destinations plus Tel Aviv in Israel VNA is also becoming somewhat of a mecca for digital Nomads because of its Cafe culture and club scene in particular on the beach

Unfortunately prices are no longer cheap in the last year or so they have gone up by over 16% which is more than double the increase of safia so prices and have gone up by over 16% in sopia they only went up 7% now in the Greek quarter many apartments

Now go for over 2,000 EUR per square meter so Prime real estate is no longer cheap here now a year and and a half ago Farner would have been in the top position but I’m afraid it’s gone down to number two nevertheless I still expect prices to increase in the future

Now coming in at number one as you can see is sopia now with a population of around 1.25 million sopia is the capital and the largest city in Bulgaria it is also the 14th largest city in the European Union sopia is a city that is really really really growing and is booming

There are over 100 it companies present in the city now around 25 years ago there were no Metro lines but there are now four Metro lines in the city so over the last 25 years really a real boom and sopia is very dominant in Bulgaria with around 50% of foreign investment coming

Into the city the city also accounts for about 40% of Bulgaria’s GDP and around 50% of the working population here have degrees and many speak foreign languages as well transport wise the Central Railway Station is the railway hub for domestic and international rail transport and from sopia International

Airport you can fly to numerous destinations in Europe plus yavan Dubai Abu Dhabi toha hugad and Tel Aviv now property prices have gone up by around 117% over the last eight years and this really is unsurprising given given how much the city has developed however over

The last year or so prices have only gone up by around 7% Which is less than that of VNA which as I’ve said has gone up by more than 16% so although um Varner has is catching up towards sopia I believe in the future now sopia is

Actually going to do better than VNA because as said it really is a hub a transport Hub in Europe and property prices are still only around € 1,800 per square meter on average which for an EU capital I think is very reasonable and that’s why I’ve put sopia

In the number one place to buy real estate in Bulgaria now again please let me know if you agree or disagree anyway that’s it for today thanks ever so much for watching and I shall see you soon on the next video