In Bulgaria it's already expensive, but still affordable<\/strong><\/p>
Among European resorts, it is most profitable for us to invest in Bulgaria, Montenegro, and Croatia. Prices are rising quickly there, and these countries are about to join the European Union, after which it will be possible to obtain a residence permit and visa-free entry to other European countries.<\/p>
In Bulgaria, a quarter of all foreign investments go into real estate. In the last three years, price increases for real estate have gone off the charts: at least 50% per year. In the near future, growth, according to experts, will likely drop to the Crimean level - 15% per year. But prices remain affordable.<\/p>
At the ski resort Bansko, the cost per square meter in apartments starts from €1,000. On the coast, real estate is often cheaper than 'mountain' property. €1,000 per meter buys a fully furnished apartment in a new residential complex with a pool, right on the coast. Apartments in a mansion near the sea will cost less. And for €150,000 you can buy a large villa with a pool a two-minute walk from the beach. By the way, to buy real estate in Bulgaria, you need to form a legal entity to which the ownership is registered. Additionally, a visa is required to enter the country.<\/p>
Montenegrin Adriatic cheaper than Sochi<\/strong><\/p>
Medieval fortress towns, the only fjord on the Adriatic, crystal-clear sea, just 200 kilometers to Italy... The advantages of Montenegro have already attracted thousands of investors to this country. Just two years ago, an old house in the town of Perast, as if from the pages of Andersen's fairy tales, could be bought for about €100,000. It was here that Peter the Great once sent his nobles to learn maritime affairs. Now a house on the seashore, where one of the Sheremetevs lived, costs nearly a million. However, this is one of the most expensive options.<\/p>
Housing in relative proximity to the sea costs on average €900-1,500 per square meter. A new apartment in a prestigious location can be bought for €2,000. Of course, there are both cheaper and more expensive options, significantly so. In any case, it is unnecessary to explain how much more expensive real estate in Sochi would be. The most expensive coastal zone is the Budva Riviera - from Budva to Petrovac. The cheapest real estate is in the south of the country, from Bar to Ulcinj. In the south there are very picturesque places, but there are many Albanians and an Eastern flavor is clearly felt.<\/p>
It is worth noting that recently there has been interest in properties located at altitudes of 600-1,200 meters above sea level, on mountain slopes facing the sea and with panoramic views of the coast. Prices for such real estate are still low, mainly due to the incomplete utility systems in these areas.<\/p>
The main problem of the Montenegrin coast is considered to be water supply. The lack of its own drinking water leads to restrictions in the central water supply system, lack of pressure and low water quality, as a result of which every homeowner wishing to avoid such problems creates their own water supply system from underground sources.<\/p>
Romania – everything is just beginning<\/strong><\/p>
In strict confidence, specialists in foreign real estate told us where you can now buy real estate practically for free. Of course, by our standards. Prices for apartments and houses on the Black Sea coast of Romania start from €300 per square meter. And that's near the beach! For €35,000 you can actually buy a decent little house a few hundred meters from the sea. Quality housing near Mamaia, Mangalia and other resorts costs three to four times more. As in Bulgaria, real estate is purchased through a legal entity.<\/p>
Due to the current absence of our large real estate agencies in Romania, buying a house there is not so easy. You have to go there and look for a suitable offer through local newspaper ads. But it will pay off handsomely. In the near future, this country may become no less popular among compatriots than, say, Montenegro. That means prices there will skyrocket tenfold.<\/p>
Our homeowners in Romania are still few. But they are attracted not only by the clean sea and the lack of large numbers of vacationers. Also enticing are the healing springs, active mountain holidays, and everything associated with... Count Dracula. The main drawback of the country is that the service is still very undeveloped. This applies both to the quality of construction and to ordinary tourist entertainment. But that was the case in other 'fashionable' countries just a few years ago.<\/p>
When is the best time to buy<\/strong><\/p>
There is an important feature of demand for coastal real estate - seasonal fluctuations. A significant part of clients come to look for properties when it is already warm, but not yet the season. This makes the market easily predictable. If the majority of clients go to buy housing in April-May and September-October, then by the May holidays apartment prices increase by an average of 20%, and the number of interesting purchase options decreases by 60%. So specialists advise buying real estate on the coast in winter or during the resort season, when the market is not heated up by frenzied demand expectations, so discounts and installments are quite possible.<\/p>