LIMITED TIME SPECIAL OFFER
1230 EUR/M2 ONLY
New build (still under construction) spacious 1 b/r modern apartment in Mladost - one of the most sought after areas of Bulgaria's capital city of Sofia. Being close to Lidl supermarket and public transportation system as well as just 6 minutes walk to the metro station and Sofia Business Park. That makes it the perfect choice for all the young people working there. Also a very good source of rental income to the investors.
The apartment is located on the 4th floor of a modern new 7-storey building made using only highest quality building materials. Underground garages and parking spaces are also available at extra price.
Other apartments are also available on the top floor.
The apartments are expected to be completed with permit of use in the middle of 2019.
Payment on installments schedule is available.
NO AGENT FEE
|PROPERTY FACTSHEET |
Property: Apartment/Flat (Residential)
Region: Sofia City
Total Built-Up Area: 68.77 m2
|(seller's asking net price is highlighted; other prices are for reference use only using Bulgarian Central Bank's exchange rates of the day)||
© 2023, D. Georgieva
DID YOU KNOW?
January 8, 2022
Bulgaria: Property Prices will Rise this year as well
Call Properties in Bulgaria (a service of easyBG Real Estate LLC) - probably the best UK BG property specialists since 1998. Talk NOW with no obligation to a real person. Please call us at 020 4577-3369 (UK) or +359 29 862-863 (BG)
Whilst every care is taken to ensure that all general information and descriptions of property is correct we advise all clients to make their own checks and take legal advise when purchasing property overseas. Information and price guides subject to change. All properties shown are to the best of our knowledge genuinely for sale at the time of publication (unless clearly marked "Reserved" or "Sold"). Although the properties have been visited by our staff and details are produced in good faith, no responsibility is taken by us for any discrepancies, inaccuracies or omissions. All introductions and referrals to agents, lawyers and other services are made in good faith but no responsibility is taken by us for any problems or negligence which may arise. All background information about Bulgaria is taken from that available in the public domain and is not a recommendation from us or our staff although of course we may add comments and suggestions based on personal experience (such as restaurants)
Due to the recent events related to the COVID-19, regretably after 22 years, we had to leave our central Sofia office for correspondance and administrative purposes only. For personal appointments and property viewings please contact us
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UK Embassy in Bulgaria
Ambassador Emma Hopkins has a message for UK nationals in Bulgaria. In it she provides an update on latest negotiations, the Embassy's recent work and reminds of the importance of registering with Bulgarian authorities if you reside in Bulgaria. [watch the video]
Bulgaria’s Consul-General in Los Angeles: Bulgarians have contributed a lot to the development of the New World
Far from their country of birth, Bulgarians living overseas have retained their sense of community which is passed down from generation to generation. A feeling that brings them together in the establishment of Bulgarian schools, a church, things that unite the Bulgarian diaspora. One such Bulgarian is Zara Pehlivani, a young girl who contacted the Consulate General in Los Angeles to present her initiative Reading Room. [read more]
Simeon Saxe-Coburg-Gotha is the owner of "Vrana" palace, final court ruling reads
Simeon Saxe-Coburg-Gotha, son of the Bulgarian Tsar Boris III, and his sister Maria-Louisa are the owners of the park and the "Vrana" palace in Sofia and all claims of the state against them have been definitively rejected. This happened after the Supreme Court of Cassation did not allow an appeal against the decision of the Sofia Court of Appeal, by which the two were recognized as the owners of the property last summer, the website lex.bg reports. [read more]
Biggest apartment complex in Bulgaria’s Pomorie closes doors - what are the reasons
The largest private apartment complex in Bulgaria’s coastal town of Pomorie "Sunset Resort", also known as the Dutch Village, remained in the dark due to an unpaid electricity bill worth 400,000 euros. This forced the administration to close its doors indefinitely and lay off nearly 500 people working to maintain it. [read more]
The flipside is that Bulgarian property is now remarkably affordable and probably appropriately priced. Properties that sold for €80,000 10 years ago are widely available now for €25,000, writes Diarmaid Condon in Is the price now right for Bulgarian property investments?. [read the article]
Bulgaria: Record Rental Prices in Sofia
In October, the prices for buying and renting an apartment in Sofia set historical records. There is a surprising increase in rents, which have been stagnant for a long time. Renting a 2-room apartment currently costs an average of BGN 780 (EUR 400), and a 3-room apartment - BGN 1,100 (EUR 565). Rents have never been so high in history. [read more]
Real estate prices in Sofia have doubled
Real estate prices in Sofia have more than doubled for the past 14 months and they are expected to continue rising. 70% of the deals are for two- and three-room apartments. They are also the most expensive, Vasil Lyunchev, an analyst of the real estate market, told BNR. [read more]
The rise in interest rates and the real estate market shrinkage will not affect real estate prices
There is a slight shrinking of the real estate market in the country during the third quarter of the year. According to latest expert data, despite the expected increase in interest rates and in inflation, housing prices are still going up because demand is higher than supply. That is the reason why there has been a significant rise in real estate prices over the past year. [read more]
If you're looking for a cheap beach holiday this summer, you should head to Bulgaria and Turkey, according to the 12th annual Post Office Travel Money Holiday Costs Barometer. [read the article]
Bulgarian National Bank to restrict mortgage loans as of 2021
The Bulgarian National Bank has taken a decision to restrict mortgage lending. The Board of Directors has decided to increase the capital buffer for banks' risk loans from 0.5% to 1% from 2021. The measure aims to ensure that vaults have sufficient reserves to cover losses on non-performing loans. As a rule, the buffer is increased when it is necessary to "cool" a large increase in credit. [read more]
Price of agricultural land has risen by nearly 50 percent for 6 years
The price of arable land in Bulgaria has risen by over 47% for 6 years, the National Statistical Institute reported. In 2014, the average price was 362 euros per decare and in 2020 it was 533 euros. The biggest rise is seen in the southeastern region of the country - over 79%. Agricultural land there used to be cheaper, which made it attractive to investors. [read more]
Bulgarians become the biggest investors in real estate properties in their homeland
The Covid-19 crisis has affected all business spheres. However, according to data of Bulgarian real estate agents, demand and sales of housing properties have gone up, especially in the big cities. [read more]
British holidaymakers are moving east to extract more value for their pounds, according to Europe’s biggest travel firm, writes Simon Calder in Bulgaria and Croatia See More Bargain-Seeking Brits. [read the article]
Are Brits Investing In Bulgaria Because Of Its Lenient Travel Restrictions?
Many people expected the property market in Bulgaria to struggle in 2021. Property around the world was suffering price cuts, the pandemic having left potential home buyers with limited funds. Furthermore, Brexit was expected to have a big impact on British investment. [read more]
Health Ministry Orders Termination of Contract for New Children's Hospital
The Health Ministry has ordered the termination of a contract for building a new children's hospital which would involve the completion of a complex of buildings nextdoor to Sofia's Alexandrovska Hospital. [read more]
Sofia Airport to be Modernized with an EIB Loan of 40 Million Euros
The European Investment Bank (EIB) and the special investment company Sof Connect AD have signed a loan agreement of EUR 40 million for the modernization of Sofia International Airport, BNR reported, referring to the bank. Funding is supported by the European Commission's Connecting Europe Facility (CEF). [read more]
Nick Lavtchiev, director of Easy BG - a company that deals almost exclusively with UK clients - told Oxford Business Group (OBG) recently that, "Over-urbanisation is no good for this market. What is the point of going on vacation or having a home in a place that is as overpopulated and ugly as where you came from? There are plenty of other places in the middle of nowhere that are of interest to aspiring permanent residents.". [read the article]
Bulgarians Buy out Russian’s Real Property on Black Sea Coast
Russians with properties on the Bulgarian Black Sea coast are now selling them en masse. Their withdrawal from the market is not because of the coronavirus, but because of the depreciation of the Russian ruble, according to brokers quoted by Trud. [read more]
Bulgaria's real estate market stable in 2020 despite coronavirus crisis - Raiffeisenbank
The real estate market in Bulgaria remained stable last year despite the challenges stemming from the coronavirus pandemic, with residential property prices continuing to grow, albeit at a slower pace compared to the pre-crisis speed, Raiffeisenbank Bulgaria said on Monday. [read more]
The Report - Emerging Bulgaria 2007
"There is significant scope for development of spa and welness tourism due to Bulgaria's many mineral springs. Golf course development is another area where we are seeing growth." said Nick Lavtchiev, CEO of easy BG a local property firm". [read the book]
The prices are almost irresistible, but buyers must beware dodgy deals and 'iffy' infrastructure, writes Cheryl Markosky in Bulgaria Beckons. [read the article]