Property in Sunny beach

Sunny Beach is resort №1

Sunny Beach is the largest and perhaps the most famous resort on the black sea coast of Bulgaria (except the major port cities of Varna and Burgas). Before the crisis – one of the main directions for the purchase of holiday homes by foreigners.

The main buyers of real estate in Sunny beach – the Russians, Ukrainians, Englishmen and Bulgarians themselves, although due to currency fluctuations the number of Russians in the first half of 2015 was decreased by almost half.

The real estate market of Sunny beach presents a multi-apartment residential complexes along the beach.

At the moment, the property market of the resort is mainly represented by secondary objects. This is due to the high density of existing development and the lack of available construction land. Most of the proposals are apartments in coastal residential complexes.

The cost of housing

The apartment is on the third line (600 m from the sea) is sold at the price from 10 500€, furnished apartment of economy class on the first line are 2-2. 5 times more expensive. So, the Studio (Studio apartment) with an area of 32 sq m in residential complex with swimming pool, located 600 metres from the sea, is offered for 12 Euro 300. Apartment with 2 bedrooms within 5 minutes ' walk from the beach will cost 30 000 - 40 000 Euro. The cost of apartments in the luxury property sector can reach up to 200 000 euros.

Offers homes on the market in Sunny beach are units, so their cost begins with 6-digit numbers that Bulgaria rare. Basically, they are concentrated outside the resort in nearby villages and the village of Kosharitsa, where there are several complexes offering this type of housing.

Rental yields of real estate Sunny beach depends on the infrastructure development in the area, distance from the sea, furnished, area, and quality of housing. Given that the profitability of the resort property is directly depending on the season, to expect more than 4-4,5% per annum. On average, 1 bedroom apartment in season can bring €25-40 a day. Renting a similar facility in the long-term lease will bring in about €250 per month.

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