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The Dominican Republic is located in the West Indies, in the center of the Greater Antilles and covers 48,730 square meters. km in the eastern part of the island of…

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Dominican Republic Real Estate Market
The Dominican Republic is located in the West Indies, in the center of the Greater Antilles and covers 48,730 square meters. km in the eastern part of the island of…

Continue reading →

Byala: a quiet haven on the Bulgarian property market

The extremely popular Bulgaria still has resorts where there is no large concentration of tourists and you can live comfortably all year round without spending much on buying local housing – this is Byala today.
Byala is a small, cozy town conveniently located on the Bulgarian Black Sea coast, an hour’s drive from the two international airports of Varna and Burgas. According to official figures, about 2500 people live in Byala, according to unofficial figures – over 5000 people.

Buy an apartment in Byala

The city has the shape of an amphitheater on a slope by the sea, which ensures good air circulation and a pleasant sea breeze in the summer heat, even in the most remote corners of the city. This arrangement allows almost all residents to have a beautiful view from the window. In the vicinity there is practically no industrial production, which makes it possible to call the town an environmentally friendly place.

Byala is focused on family vacations, for which all the necessary infrastructure has been created here. There are several urban playgrounds in the city; water rides operate on the beach. In the center there is a summer theater, a stadium and a modern sports ground, in the summer there is an amusement park. The presence in the city of shops operating all year round, a kindergarten, school, clinic, bank, post office and other components of the infrastructure allows you to comfortably live in the city throughout the year. It is this factor that Byala attracts more and more pensioners and young families who want to lead a measured life in a small town near the sea away from the noise of megacities.

Byala areas
Schematically, Byala can be divided into 5 districts – the coastal part (Chernomorka Street and the streets extending from it at a distance of 300-400 m), Greek (the Glyko locality, starting after the bridge north of Chernomorka Street), the prosecutor’s (neighborhood of the recreation center of the prosecutor’s office, starting at a distance of 400 meters south of Chernomork St.), central (everything that is located west of Premyanov St.) and southern (from the end of Premyanov St. to the port and marina).

Buy an apartment in Byala

For customers who want to enjoy sea views even from a low floor and silence, it makes sense to turn their attention to the Greek and prosecutorial districts, as they are on the hills and slightly distant from the center. Fans of beach vacations who want to be able to quickly get to the shore, where there are also many restaurants and shops, as a rule, choose housing in the area of ​​ul. Black Sea. Those who prefer to live away from the sea, but the center of year-round urban infrastructure, settle in the area of ​​st. Andrey Premyanov. Romantics who want to give themselves peace and quiet, the opportunity to perform an evening exercise in the open air, choose the southern region. At the moment, the Byala market offers are presented in all areas.

Current market situation
Buying a house in Byala is not the most suitable option for those who prefer to buy square meters with the expectation of making money on subsequent resale, since the demand for local square meters has started to decline over the past 3-4 years. But the option of buying real estate near the sea can be a good investment – you can rent such an apartment and sell it quickly if you wish. It is also important to carefully choose the complex itself, where the accommodation is located: so that it has amenities that would be close to the hotel – a swimming pool, sunbeds, umbrellas, a playground, parking, landscaping, etc.

Basically, in Byala, those Russians buy property who want to have a solitary vacation at their seaside cottage with beautiful views or live year-round in a quiet town, spending less to buy than if they had chosen another popular resort in the country. But more often than not, the Bulgarians themselves buy housing here for the purpose of subsequent rental or for themselves – for personal relaxation or permanent residence, moving to the city from other regions of Bulgaria.

Buy an apartment in Byala

The second main group of buyers are German citizens, both its indigenous people and those who have moved there from the CIS countries (Kazakhstan, Russia, Ukraine). Usually bought for recreation, but sometimes for permanent residence. At the same time, they rarely rent out, giving their relatives and friends an opportunity to relax.

Right now, apartments with furniture and appliances in residential complexes with low utility costs are most in demand – the Bulgarians do not want or are not able to pay maintenance costs of 6-8 and more euros per sq.m, therefore they are looking for objects with minimal costs – up to 250 euros per year.

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