PROPERTY IN BULGARIA: OPPORTUNITY FOR SMART INVESTORS

PROPERTY IN BULGARIA: OPPORTUNITY FOR SMART INVESTORS

Thu, 04/30/2020 - 08:21

Quality real estate is among the best investment options in 2020

Where to invest is a question that in the current months took a new shape. The situation looks unstable and the behaviour of international markets rarely can be described as inspiring optimism about the future.

But even in turbulent times there are solutions that have proven through the years and the constantly changing economic cycles as sensible, pragmatic and with good return. In Bulgaria, invariably, this is real estate and in 2020 the market is better for clients than usual.

What changed? The social isolation measures understandably caused a pause in the demand of property and withdrawal of buyers. After several years of stable increase of the prices on both the primary and the secondary market, owners and developers felt that if they wanted to attract prospective buyers, they needed to be flexible both in offering new ways of property inspection and in the prices and profits they want from a deal.

In a matter of days the market reinvented itself. Today, quality real estate brokers and developers offer to prospective clients 3D inspection, and much of the communication uses a variety of online channels. The prices asked can be more easily negotiated down. An additional fact should be considered, too: in 2020 and 2021 a number of new, quality projects will be finished, and many of them still have available property.

All of this explains why in the following months the real estate market in Bulgaria will be firmly on the buyers' side. For them the crisis will be an opportunity to choose from more and better quality properties at prices that were unthinkable before the spring of 2020.

In this situation will benefit the most investors who already have the whole or a significant amount of the asked price for a property.

Price, however, is not all – even when we talk about solid investment as buying a property. Quality is what moves today's real estate buyers. Luckily, development of current architecture and construction has reached a level where in Bulgaria are offered new projects that entirely meet the contemporary requirements for quality of inhabitation such as energy efficient construction. When the crisis is over, such properties will inevitably increase their price faster and with greater rates because of the opportunities they provide to inhabitants to live healthily, environmentally friendly and with lesser expenses.

Smart homes are the other hot trend on the real estate market that guarantees a property's increase of value with time. The best in this technology is that you can use it in an already built apartment, house or office.

The Bulgarian company Valkrea.House (www.valkrea.house) specialises in solutions for wireless smart home systems by established manufacturers of home automation. The company's professionals help you to choose the best way to transform your property into a smart home. The popular systems of Apple, Google and Amazon are targeted solely to the end consumer. If you opt for them, you need to buy and set up separately a number of compatible devices. Valkrea.House offers a more effective solution by offering as a service to install the integrated systems of ABB, Busch-Jaeger, Gira, Jung and Bosch. They are compatible with Apple, Google and Amazon, but are safer and better integrated in the property. These systems allow Valkrea.House to tailor optimised solutions to both individual clients who want a smart home with minimal intervention on the already finished interior design, as well as developers and architects who want to offer to their clients high quality of construction, innovation and high energy efficiency. Valkrea.House also works with these producers' designers lines for a bigger choice in creation of unique interiors. Aiming to cover more client inquiries and requirements, Valkrea.House also offers solutions from Homey, the absolute smart devices communication protocol integrator, and the Z-Wave system of Fibaro.

The most important rule in investment in property in 2020 is to work with developers, brokers, agencies, engineers, architects and providers with established reputation that has stood the test of time. The pandemic put pressure on the whole chain of construction and realisation of properties, and in such environment only specialists with experience and high ethical standards can thrive. Just like any other crisis before and after, this one will, too, clean the market from companies and brokers who are unable to offer quality service and products, a positive effect from which savvy investors should benefit from on time.

Issue 163 real estate property in Bulgaria

Commenting on www.vagabond.bg

Vagabond Media Ltd requires you to submit a valid email to comment on www.vagabond.bg to secure that you are not a bot or a spammer. Learn more on how the company manages your personal information on our Privacy Policy. By filling the comment form you declare that you will not use www.vagabond.bg for the purpose of violating the laws of the Republic of Bulgaria. When commenting on www.vagabond.bg please observe some simple rules. You must avoid sexually explicit language and racist, vulgar, religiously intolerant or obscene comments aiming to insult Vagabond Media Ltd, other companies, countries, nationalities, confessions or authors of postings and/or other comments. Do not post spam. Write in English. Unsolicited commercial messages, obscene postings and personal attacks will be removed without notice. The comments will be moderated and may take some time to appear on www.vagabond.bg.

0 comments

Add new comment

The content of this field is kept private and will not be shown publicly.

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.

Discover More

SPACE AS AN OPPORTUNITY
In the past year, for obvious reasons, we pay more attention to the spaces we inhabit, to how healthy they are and how they make us feel in them.
MY INTERIOR IS MY HAPPINESS
Unexpected circumstances not only turn our lives inside out, but also make us see them with new eyes. In 2020, the Covid-19 pandemic forced us to stay at home for longer than usual, to move the office in the kitchen and the classroom in the living room.
THE POWER TO CREATE
In days when it seems that the world has stopped stopped in its tracks, we begin to pay attention to details which until recently we found of little significance.
CREATING A SPACE WITH ITS OWN SOUL
Blue. Dark, intensive, on the verge of black. PANTONE 273 C, to be precise. I watch it and I wonder – will I ever be bold enough to paint my bedroom this colour, just like the author of a photo I saw on Pinterest.
AN ENVIRONMENT FOR THE PEOPLE
In the past few years Bulgaria experiences a boom in construction of residential, administrative, sport, industrial, shopping and other buildings.
DESIGN THIS
Architecture is one of the most exciting and important creations of human ingenuity. It is simultaneously a technical discipline and a form of art.
CODE WORD: HOME
Quality dominates the property market in Sofia in 2019. The price rise is calming down which means stability and predictability that provide a buyers' market.
GAME OF IDEAS
I I recently visited the renovated home of close friends, but after I was showed around and we sat for a coffee in the living room, I felt something strange. There was something odd, but I couldn't put my finger on what was it.
LUXURY SUITS US
Spacious rooms. Excellent quality of construction materials. Selected neighbours. A sense for tranquility. An excellent vista. Energy efficiency. "Smart" home. These are but a few of the things you get in Sofia's latest luxury properties.
TO LIVE IN A DREAM
Where do you prefer to live? In an apartment in the centre of the city? In some of the capital's dynamically developing neighbourhoods? In a family home far from the crowds and the urban noise?
DARING TO DREAM
Architecture and interior design are not abstract concepts, which has nothing to do with reality.
FUTURE IS BRIGHT
Bulgaria's real estate market had a wonderful year and expects an even better 2018.