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Buying Property in Plovdiv

In terms of real estate, Plovdiv is expected to achieve double digit increases in 2008. It currently ranks just behind Sofia in second place in the number of property deals that took place in 2007. Plovdiv experienced around 20,000 sales in 2007 compared to 18,000 in Varna, which used to hold the number two slot.

The city of Plovdiv, the second largest city in Bulgaria, is a key economic, transport, cultural and educational centre for the whole country. Future developments include the construction of a business park worth over 64 million euros, which will be built by the investment company Prime Property BG. The park will be sited in one of the city’s most densely populated districts – Trakya on 48,600 sq. m. of land.

Plovdiv is ideal for those seeking to live in a vibrant city or wanting to buy for investment / renting purposes. All facilities are on hand in this beautiful city stooped in ancient history set on the banks of the Maritsa River.

 

Foros real estate agency reported that property prices have increased by an impressive 61% in the city centre compared to the same area in 2006. Downtown rental sales have increased by 18% compared to rises in Sofia and Varna, which only experienced 5% increases.

Average house prices for the region are still relatively cheap at only 37,700 euros. Quest Bulgaria takes a look at what you can get for your money in and around Plovdiv.

City Centre Pads
A ‘pied-a-terre’ close to the historic sites and bustling city centre of Plovdiv is easily achievable with some real bargains in a variety of exciting locations are to be had.

A lovely apartment situated close to the Old Town, could be yours for 78,000 euros and Bulgarian mortgage facilities are available for this property. Set on the fourth floor in an attractive four-storey building, this property offers a total living area of 54 sq. m. and a basement storage of 4 sq. m. The living area is agreeably distributed between a kitchen, a living room, and one bedroom, a bathroom/WC and two balconies. Appealing terracotta tiles line the floor and all of the windows are made of UPVC. A furniture package is included in the price with a fridge, washing machine, two air-conditioning units and a TV. The property ihas the bonus of cable TV. Great rental potential after a little refreshment.
www.bulgarianproperties.com

This appealing and spacious two-bedroom apartment is situated in a smart quarter of the city only 15 minutes walking distance from the centre. It is located on the second floor of a five-storey residence and offers 85 sq. m. of living area.

Bright and spacious open plan living room with a kitchen, two bedrooms, a toilet, bathroom/WC and one balcony. Central heating, cable TV, and an internet connection. The neighborhood offers all modern facilities and one of the best hotels in the city as well as the Plovdiv International Fair are located close by. This apartment would be ideal for rental or personal living. The apartment is on the market for 95,000 euros.
www.bulgarianproperties.com