What is the difference between secondary real estate and new buildings on the Bulgarian coast?
When choosing a property in Bulgaria, a buyer often faces the question: to buy a house in a new building or to choose an object on the secondary market? Both options have their pros and cons, and most importantly - different purposes and features of ownership. In this article we will compare both types of real estate to help you make an informed choice.
What is a new building in Bulgaria?
New buildings are houses built after 2010 or still under construction. They can be both fully completed and commissioned, and at the excavation stage (then it is possible to buy on the scheme of installments).
The advantages of new buildings:
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Modern layouts, energy-saving technologies
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New renovations, communications and equipment
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Frequently there is infrastructure in the complex: swimming pools, fitness, security
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You can choose the floor, view and materials at the construction stage
Minuses:
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Higher price per square meter
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Most often you have to wait for the project to be completed
What is secondary real estate?
Secondary is housing with previous owners, already commissioned, with registered property rights. Such objects make up a significant part of the offer in resort towns: Sveti Vlas, Sunny Beach, Ravda, Nessebar.
Pluses of secondary real estate:
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Finished home, you can move right in or rent
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Often sold with furniture and appliances
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The district is inhabited, the infrastructure is developed: stores, cafes, transportation
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The possibility of bargaining: the owners are often ready to discuss the price
Minuses:
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May require cosmetic or major repairs
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Older layout and not always modern systems
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Have to check legal cleanliness carefully
Key Comparison
| Parameter | New construction | Secondary |
|---|---|---|
| Price | Usually higher | May be lower |
| Condition | New | Depends on age and care |
| Furniture | Not always available | Often included |
| Infrastructure | May be under development | Already available |
| Legal risks | Depends on the developer | Depends on the history of the property |
| Settlement period | Sometimes in 6-12 months | You can move in right away |
What types of buyers choose new construction?
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Those who are planning a move and want a fresh start
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Investors buying at the excavation stage for resale
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Buyers who want everything new and modern, with minimal worries
Who's suited to secondary housing?
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Those who want to move right in
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Buyers on a tight budget
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Those looking for a well-rounded neighborhood with real living conditions
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Wanting to rent - such objects are ready for occupancy
What is important to consider when choosing
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Legal check - in the secondary market this is especially important: find out if there are no debts, encumbrances or problems with the owners.
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Condition of the complex - older homes may have higher utility bills and outdated infrastructure.
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Purpose of purchase - if the property is needed for recreation 1-2 times a year, perhaps secondary - a more favorable option. And if you are planning a permanent residence - a new building will provide greater comfort.
Conclusion
Both secondary and new real estate on the Bulgarian coast have their advantages. It all depends on the purpose of purchase, budget and personal preferences. The main thing is to correctly assess the condition of the object, infrastructure and the prospects of the area.
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If you want to get professional advice and see real properties, contact Just Balkan Property. We will find the best option for you, whether it is a cozy apartment in a residential complex or a spacious apartment on the secondary market just a step away from the sea.