In recent years the building up of the seaside has been booming and the real estate market has developed very well and offers a wide variety of apartments of every class, every stage of completion, and every distance from the beaches. Premises, services and prices are more competitive compared with established resorts in Spain, Greece, and Turkey. Not only competitive prices of coastal properties attract numerous foreign investors, they are absolutely fascinated by the beautiful landscape, vast and clean sand beaches, long hot summer, wide variety of entertainment, and hospitable friendly locals.
The top Black Sea resorts rank Sunny Beach, Golden Sands, and Albena, widely known and recognized all round the world.
There are a number of lovely smaller resort towns and villages, such as Kavarna, Ravda, Primorsko, Kiten, Sozopol and so on which are enjoying upward property market tendencies, as well.
There is an abundance of property developments with enclosed luxurious villas, single-family, and two-family houses, built and furnished to the best of taste and comfort for a perfect holiday. Our company has offices in Sunny Beach and Bourgas to serve the Southern Black Sea Coast. All our clients interested in acquiring an apartment to let in the Bulgarian Black Sea resorts, should know that:
1. The high season is from 1 June till 30 September and most probably the premises will stay vacant during the rest of the year. However, this does not hold true for apartments in the big cities, although rent is much cheaper during off season, particularly in winter months.
2. Rent is different for brief tenancy and longer tenancy, and so are utility bills. With longer tenancy, they are payable by the tenant, whereas with brief tenancy they are paid by the owner and should be included in the rent.
3. The apartment must be fully equipped and furnished, so that the provided amenities and comfort are good value for the money the tenant pays.
4. In case your apartment has just been built or, for whatever reason, it does not comply with our criteria, our company Property Management Ltd. is capable of improving it up to the standard by order of owner and at his expense. Then we can provide management services to the owner.
5. Usually tenants of such premises are foreign tourists on holiday in Bulgaria or local people and companies working in the resorts.