Property for Sale in Varna Bulgaria

The ancient and fascinating Bulgarian city of Varna was founded is 6,000 BC; today it is Bulgaria’s third largest city, an important port on the Black Sea and a growing tourist hub serviced by Varna International Airport which is just 5 miles away from the city centre and which receives direct flights from the UK and many transfers to Sofia Airport daily.

Property for sale in Varna is currently being snapped up by property investors well aware of Bulgaria’s EU accession date fast approaching and also by those seeking a holiday home abroad who want access to all the attractions the city and its surrounding areas offer including the famous Golden Sands beach.

The Attraction of Varna

Varna is a very popular resort in its own right but had been overlooked for many years because of the charm and appeal of some of the smaller towns and villages on the Black Sea Coast.  Thanks mainly to the intensification of international interest in Bulgaria as a whole as it fast approaches EU accession in 2007, the city of Varna has resurfaced as a gem in Bulgaria’s crown.

The city has a wealth of stunning monuments, buildings, parks and features including the Stone Forest, visitors can take full advantage of all the Black Sea water sports which are easily accessible from the city as well as the wealth of lovely clean sandy beaches that are nearby.  Varna is also host to a number of national and international festivals particularly throughout the summer months and these include folk festivals, dance, theatre and cinema festivals.

The Types of Property for Sale in Varna

In terms of the types of property for sale in Varna, Bulgaria has many new build projects taking off currently as international investment floods into the country, therefore much of the property currently available in Varna is in the process of being built or modernized and there are quite a number of plots of land available for development.

Almost unbelievably land in Varna starts from as little as EUR 2 per square meter and prices for off plan apartments start at around EUR 35,000.  At the upper end of the price and quality scale Varna has quite a few impressive properties!  It was always a desirable location for Bulgarians to holiday and many built impressive second homes in the area, some of which come up for resale from time to time.  At the moment there is a small castle for sale which has been made into a villa, it is located close to Varna and priced at EUR 159,000, it comes complete with a swimming pool and sea views.  Or the most expensive property we could find comes in at EUR 500,000 and in Varna that will buy you an amazing property right by the sea which is spread over 4 floors with a gym, sauna, library, 8 bedrooms, a separate guest house and a pool!

Renting Out Your Varna Property

If you want to buy to let property in Varna you can expect to achieve a basic weekly rental of between EUR 100 and EUR 250 for a holiday apartment although prices can fluctuate and vary massively depending on the location and quality of the apartment and also the onsite or close by facilities.  If you are thinking of buying a villa in Varna and renting it out during the summer you can expect to get anything from as little as EUR 250 a week upwards of EUR 900 a week depending again on the location of the property, the condition of the villa and the facilities offered such as a pool, beach access, satellite TV etc., etc.

Recommended Reading

‘Buying a Property in Bulgaria’ is the latest book to be published on the theme and it covers all the main real estate hotspots including Varna of course, and it also details the property buying process in Bulgaria in detail.  To read more about the title or to purchase a copy online please click here