Real Estate in Burgas, Bulgaria
Last updated on Feb 11, 2023
Summary: The average cost of a nice 2 bedroom home in Burgas, Bulgaria is around $50,000 USD. A nice 3 bedroom home in Burgas is around $70,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and modern appliances. There are no restrictions on foreign ownership for properties in Burgas. An expat should search for a home to buy in Burgas by researching the local real estate market, looking at listings online, and visiting the city to view properties in person. The most desirable neighborhoods in Burgas are Primorski, Lazur, and Sarafovo. These neighborhoods offer a variety of amenities, including parks, restaurants, and shopping centers.
How do I find a place to live in Burgas?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Burgas is to search online for rental listings. There are many websites that offer listings for apartments, houses, and other types of rental properties in the area. Additionally, you can also search for local real estate agents who specialize in Burgas rentals. These agents can provide you with more detailed information about the rental market in the area and can help you find the perfect place to live. Finally, you can also ask friends and family who live in the area for recommendations on where to look for a place to live," explained one person living in Burgas, Bulgaria.
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What is a typical expat home or apartment like in Burgas?
"Expat homes and apartments in Burgas are typically modern and comfortable. Many of them feature spacious living areas, fully-equipped kitchens, and balconies with stunning views of the Black Sea. Expats can also find apartments with amenities such as air conditioning, high-speed internet, and cable TV. Most expat homes and apartments in Burgas are located in the city center, close to shops, restaurants, and other attractions," explained one expat living in Burgas, Bulgaria.
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What is the average cost of housing in Burgas?
If you are thinking about moving to Burgas, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Burgas is generally quite affordable. Prices for apartments and houses vary depending on the size, location, and amenities, but the average cost is usually quite reasonable," said one person in Burgas.
Should I buy or rent a home in Burgas?
If you have not spent a lot of time in Burgas, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Burgas can be a great investment. The city is known for its beautiful beaches, vibrant culture, and affordable cost of living. Renting a home in Burgas can also be a great option, as it allows you to experience the city without the long-term commitment of buying a home. Ultimately, the decision to buy or rent a home in Burgas depends on your individual needs and preferences," remarked one foreigner who made the move to Burgas.
What do I need to know when buying property in Burgas?
When we asked expats what advice they would give a foreigner before buying a property in Burgas, they said:
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Bulgaria, including any taxes or fees that may be applicable. 3. It is important to have a clear understanding of the local infrastructure and amenities in the area, such as public transportation, schools, and hospitals. 4. It is important to have a clear understanding of the local economy and job market, as well as any potential risks associated with investing in the area. 5. It is important to have a clear understanding of the local culture and customs, as well as any potential language barriers. 6. It is important to have a clear understanding of the local real estate market, including any potential risks associated with investing in the area. 7. It is important to have a clear understanding of the local rental market, including any potential risks associated with renting out property in the area. 8. It is important to have a clear understanding of the local banking system, including any potential risks associated with transferring money in and out of the country. 9. It is important to have a clear understanding of the local currency and any potential risks associated with exchanging money in the area. 10. It is important to have a clear understanding of the local laws and regulations, including any potential risks associated with owning property in the area," said one expat in Burgas.
Are foreigners allowed to own property in Burgas?
When we asked expats what advice they would give a foreigner before buying a property in Burgas, they said...
"Yes, foreigners are allowed to own property in Burgas. However, there are certain restrictions for non-EU citizens when it comes to owning land. Non-EU citizens can purchase and own buildings, apartments, and other types of property without any issues, but they cannot directly own agricultural land or forests. To bypass this restriction, non-EU citizens can set up a Bulgarian company and purchase the land through the company. EU citizens, on the other hand, can own both property and land without any restrictions," explained one expat in Burgas.
What appliances are typically included in a rental?
We asked foreigners in Burgas what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Burgas, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a dishwasher, microwave, and air conditioning unit. Depending on the property, some landlords may also provide additional appliances such as a clothes dryer, water heater, and/or a vacuum cleaner," explained one expat in Burgas.
Additional Information about Searching for a Home in Burgas:
We asked foreigners in Burgas what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Burgas may begin by browsing online property listings on websites such as Imoti, Homes.bg, and OLX.bg. They can also join local expat forums and social media groups to seek advice and recommendations from fellow expats who have experience in the Burgas housing market. Additionally, expats can reach out to local real estate agencies that cater to foreigners and have English-speaking agents. Visiting the city and exploring different neighborhoods can also help expats get a feel for the area and identify potential homes. Lastly, networking with locals and other expats can lead to discovering available properties through word-of-mouth," explained one foreigner living in Burgas, Bulgaria.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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