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Buying apartment in Sunny Beach Bulgaria

bri007

Hi all,

A girl I work with her and her partner have just bought an apartment in Sunny beach in Bulgaria for €15,000.

They get a lot of holidays each year so plan on spending anytime off over there and making use out of it and not for an investment or renting.

It got me thinking, has anyone else bought over here or would consider buying there? I was shocked when she said the price of it.

I wouldn’t have the money now but in the future I would love to buy something in the sun to spend holidays in it all year round..

She didn’t mention flights etc I would imagine that’s where the catch could be, expedience flights no doubt.

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2Mad2BeMad

my mam and dad bought an apartment there during the boom

think they paid 35k for it (was only being built)

they have gone there every year since, sometimes twice a year.
They did try to sell it 2-3 years ago for less then what they bought,
they told me they got no takers so just kept it.

In fairness they love it now, my dad would go there for 3 months of the year if my mam wasn't working.

When i was young id have to go with them
but i hated it
still hate it

its a dive of a place. Its cheap sure, the plane tickets are cheap if you book early so theres no catch.

Its just the place is run down so badly.
Russians own nearly everything there as well. In saying that in all the years I had to go, I saw little very little trouble, police were always there on strip.

Taximen can be dodgy so if you find a taximan you like or seems pretty cool get his card off him, they will happily give you a lift anywhere throughout your holiday.

Honestly if your friend plans on going every year, or has been there at least once and said they like it then fair enough buy away.
But if they havnt been there before, go over first even for 5 days and you will get a feel for the place.

But I wouldn't recommend anyone buy from there if you plan on renting it out or for selling in the future for profit.

bee06

Flew into the airport nearby and drove through Sunny Beach on the way up the coast and that was enough for a lifetime. It looked grim and most of the people on the plane were just going for a piss up. If that’s your thing then grand but you don’t need to buy an apartment over there to do it.

Edited to add: there was actually one of those reality shows made about Sunny Beach a few years ago if you want to get an idea about the place.

Ursus Horribilis

I wonder when will Eddie Hobbs be joining the thread?

Sonny noggs

hmmm wrote: »

Sunny Beach and "can only go up". It's like 2006 never happened.

P.s. is anyone flogging Cape Verde yet?

Any magic beans going?

hmmm

Atlantic Dawn wrote: »

Seems like a good investment to me, an EU country and you can buy 1 bed apartments for the price of a new Corolla. Can only go up.

Sunny Beach and "can only go up". It's like 2006 never happened.

P.s. is anyone flogging Cape Verde yet?

Atlantic Dawn

Seems like a good investment to me, an EU country and you can buy 1 bed apartments for the price of a new Corolla. Can only go up.

handlemaster

Dawido wrote: »

i've few apartments in albania myself, would really recommend it for holiday purposes

YeA maybe a holiday but to buy is a totally different story

Dawido

i've few apartments in albania myself, would really recommend it for holiday purposes

catrionanic

Sunny beach is a dive. Pure brits abroad. Cheap booze, drink in, sense out.

I know it well because my parents have an apartment not far from sunny beach. They are in a beautiful seafront location. Very peaceful, very beautiful, and still very cheap - although not Sunny Beach cheap.

Its not an all year sort of place either. Late may until early September and then things close up.

Spanish Eyes

Personally, if I had say 20k or so, I would rent rent rent. In a place of my choice, different place every time, and enjoy the views, etc. whilst the LL takes on all the responsibilities.

Now don't get me wrong, members of my family have bought in Spain and France and are doing well with their holiday homes. But it is expensive on the upkeep. Community charge, local council taxes and so on. They don't rent them out either, so is really only used June-September maybe October really.

Each to their own.

But if it is cheap to buy it is usually for a reason.

dory

Ursus Horribilis wrote: »

Sometimes things are cheap for a reason. I know someone who holidayed there and would never go back, no matter how good the price was. Property in Bulgaria was the ultimate con job during the last property bubble. It'd be well worth googling how Irish people got burnt.

Yup! When I saw this thread title I thought someone had resurrected a zombie thread. Lots of people got burned last time round. And I've heard lots of bad reports about that place.

Ursus Horribilis

Sometimes things are cheap for a reason. I know someone who holidayed there and would never go back, no matter how good the price was. Property in Bulgaria was the ultimate con job during the last property bubble. It'd be well worth googling how Irish people got burnt.

L1011

You would need to not get bored of repeating the same holiday over and over to get the use out of it. It is not somewhere you'd retire to realistically so its a holiday place only.

bri007

I think she said it’s €600 a year or €12/14 per m2

Sonny noggs wrote: »

What about service charges, maintenance, insurance, utilities etc.

bri007

It was build, think she said it was a few years old. It came fully furnished.

Just couldn’t believe how cheap it was. They are taking 3 weeks off next month to go over.

Sonny noggs wrote: »

Has the apartment been built or was it bought off plan?

Horusire

Been there myself. IMO it's a dump. Wouldn't go back. Didn't feel safe and was literally falling apart.

I was young and on the beer so couldn't complain. Plenty of clubs and bars etc.

SEPT 23 1989

Is it not a bit of a dump

Sonny noggs

What about service charges, maintenance, insurance, utilities etc.

handlemaster

OP take a holiday there twice a year for 7 years thats what you need to do to get this apt to pay for itself

Sonny noggs

Has the apartment been built or was it bought off plan?

[Deleted User]

It's not warm in Bulgaria in winter. In fact it can be very cold..... Probably bit warmer in sunny beach but you wouldn't spend time after September or before April /May in it.
You could rent a house for couple of hundred for a month, if you knew the area or someone that did.
Tiger must be back!