Properties in Varna and the region, Bulgaria for March, 2023

The most popular types of real estate in Varna

• The leading trend in Varna's property market are new build residential apartments in gated complexes at great prices;
• 70-80 square metre flats are the most popular for a family home. You'll find a large range of such listings in our portfolio;
• There's also quite a high demand for cheap one-bedroom apartments in popular areas for rental income;
• There's still significant interest in luxury properties in the city centre;
• One of the premium features for properties in a coastal town like Varna is the view.

Clients interested in Varna tend to look for beachfront properties near sports facilities. This is a growing global trend and indeed Varna has a huge range of such areas and landscaped parks. The unique local houses and residential complexes close to the sea are another huge plus when looking for a property in Varna.

Varna and the surrounding area

Varna is one of the most important university centres in Bulgaria. It has 8 colleges of higher education where thousands of students from all over the world come to study. This fact strongly influences the dynamics of the property market in the city. Varna and its surrounding areas provide a wealth of opportunities to visit places of historic interest, take pictures of natural beauty, and experience local restaurants and entertainment. Some of the most popular bulgarian resorts are located near Varna, including St. Konstantin and Elena, Sunny Day and Golden Sands.

What documents do you need to buy a property?

To complete a real estate transaction (purchase, mortgage, financing, and loan refinancing), you need to provide the following documents:

Tax assessment certificate pursuant to Art. 264. para. 1 of the TIPC (Tax and Insurance Procedure Code). The application for tax assessment of the property is submitted in Varna Municipality and is issued within two weeks. In order to apply for a property tax assessment, you need to submit a standard template. ID document (if necessary, a copy of a notarized power of attorney), a copy of the documents certifying ownership. SUPRIMMO national agency offers a number of helpful services to all customers including a personal consultant and legal aid during the entire acquisition process.