Varna

Varna information:

Successor to ancient civilizations, survivor of the transformations of time, the present-day city of Varna is one of the most attractive Bulgarian towns, the Pearl of the Bulgarian Black Sea Coast - as it is called. Varna is the third largest city in Bulgaria. The way Varna is situated on the North Shore of Black Sea, as well as the rich natural resources turn it into one of the most famous resorts in Europe and the biggest one in the Black-sea region. In addition, it is the point of contact between the Middle East and West Europe. The climate and natural conditions create favourable opportunities for the development of industry, trade, tourism, as well as communications. That's why Varna is the ideal place for investors willing to develop their activity on the Balkan peninsula.

Buying property in Varna. The property market in Varna:

The highly-developed infrastructure as well as the strategic location of Varna turn into favourable conditions for the development of the city through the ages. Three main factors determine the infrastructure of Varna: telecommunication network, port and airport. The well developed infrastructure, as well as the attractiveness of Black Sea result in the price of apartments: the average price is 605 euro/ m2. The average rise in apartment prices over the last year is 20% for real estate under construction and 10% for ready-built housing-constructions.

The average price of 1-bedroom flat under construction is 586 euro/m2 (the price varies from 446 euro/m2 to 875 euro/m2)
The average price of 2-bedroom apartments under construction is 750 euro/m2 (the price varies from 450 euro/m2 to 1332 euro/m2)
The average price of the building plots is 308 euro/m2.

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