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Finland has always been famous as a land of dense forests, transparent lakes, clean air and peaceful silence; however, little is known about real life in this country now: after…

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Spanish and French Venice: Empuriabrava and Port Grimaud
The laurels of Venice haunt many cities of the world, however, today you can find your own boat or yacht in the historical palazzo, which you can reach not only…

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Bulgaria. What to buy – an apartment in a new building or a resale?

Bulgaria traditionally occupies a leading position in the ranking of countries where Russian residents most often buy real estate; Affordable housing, Bulgarian understandable to the Russian ears, a clean and warm sea make your stay in this hospitable country especially pleasant.
In addition, the memory of the local people today still remembers the Russian-Turkish war of 1877-78, when Shipka and Pleven were captured by the Russians, the Danube was victoriously forced, thanks to which Bulgaria regained its long-awaited state independence after five centuries under the rule of the Ottoman Empire.

Having rested for several seasons on the Bulgarian coast, the Russian begins to look closely at the local real estate market – over time, it comes to the understanding that it really makes sense to have a permanent summer house at the sea in such a comfortable country for a stay. And immediately faced with the burden of choice: to purchase an apartment in a new building or become the owner of a secondary housing?

In theory, the process of buying both options is not particularly different, because in all cases the same documentation is prepared and the transaction process occurs at the notary public. “The only significant difference is that when buying from the builder, in some cases an installment plan of up to one, two or even three years is provided. In this installment plan can be issued with a rise in price or remain interest-free. In the secondary market, owners usually want to receive 100% of the amount as soon as possible, ”said Sergey Gritsan, director of Azimuth Realty.

We conclude: if there are funds, but they are not enough, and the apartment is needed in the foreseeable future, and not here and now, then it makes sense to choose a new building. In addition, according to Yevgeny Lysikov, managing company Leo Castle, most developers at the time of installments after making a 30% payment for the apartment allow you to use the apartment for living or for renting. And in the secondary housing market, most often the owner wants to receive money immediately in 100% volume.

It is also important to determine in advance whether the buyer of housing in Bulgaria is ready to deal with the subsequent furnishing of the situation in the apartment or whether he prefers to move into a space ready for a comfortable stay. “Most often, in urban real estate, objects are rented out in rough finish, while a resort usually surrenders on a turnkey basis. In the secondary market, as a rule, apartments are sold already with decoration, furniture and household appliances. The price in the secondary market is lower than in a new building, ”says Tatyana Baltakova, managing company Premier Realty Master.

True, as is often the case with apartments, which are first actively rented out during the high season, furniture and appliances leave much to be desired. “But if we are talking about an apartment in the secondary market, in which the owner himself lived and did not rent it out earlier, then most likely it will be clean and comfortable, made for permanent comfortable living,” says Yevgeny Lysikov.

A small studio apartment in a new building on the coast of Bulgaria can be purchased even for 10,000 euros. A similar option, but in the secondary market can be cheaper, in the real estate catalog HomesOverseas.ru there are very budget options for 7,000 euros. True, as in the case of new buildings, it is necessary to carefully analyze whether the declared area of ​​the residential object is much less than real, check the quality of the building and not flatter yourself about the fact that the sea will be right under the windows – most likely, you will have to cover a kilometer before it -other. Premium objects usually have a cost in the range of 50-100,000 euros, occasionally reaching the “ceiling” of 100-150,000 euros per object, but here we will talk about exclusive offers.

The distribution of prices among similar options, but in new buildings, is usually as follows: for the simplest studio apartment you will have to pay about 15,000 euros, a more spacious and higher class format will cost 20-30,000 euros, and a premium version will cost 50,000 euros, occasionally reaching the mark of 100,000 euros.

Thus, today in Bulgaria is a cheaper secondary housing market. Developers “build for the euro and sell for the euro”, while private sellers can significantly reduce the price by changing the exchange rate. “Russian owners and sellers bought real estate when the rate was 35-40 rubles per euro, and now, in order to return the same money in rubles, they can in fact make the cost of their apartment half cheaper in euros,” adds Evgeny Lysikov.

In terms of the security of the transaction, the approach to the primary and secondary is largely similar. “Our company checks all documents and requests a certificate of absence of encumbrances over the past ten years. Speed ​​of registration depends on the location of the seller. As a rule, construction companies have most of the documents ready for a deal. In the secondary market, if the seller is located on the territory of Bulgaria, then the registration process is also quick ”- comments Tatyana Baltakova.

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