Bad news for meraclias to buy a house in the countryside

Interest in rural properties is growing, and there are many profitable offers on the market.

There are wonderful villages around Varna, where for the price of a three-room apartment you can find a ready-to-move-in house with a yard of about 800 square meters, say real estate brokers. For this reason, experts expect an increase in the prices of these properties in the next three to five years – on the order of two or three times, writes “Trud”.

Rural property deals are on the rise as more and more people want to have a home away from the big city and closer to nature. In big cities there are more shops and cultural events, there are schools, kindergartens and hospitals. Therefore, many people would not give up their main residence in the city, but want to have a house in the countryside. As a result, more buyers are turning to rural properties, brokers say.

According to the experts, the prices of quality properties in the cities will also show a significant growth in the coming years. The market is very active, but more and more buyers prefer to acquire a finished apartment rather than a property under construction.

Some builders also limit sales “on the green” because when selling a completed property, they can make a more accurate calculation of the costs incurred and, accordingly, the prices. And besides that, they can sell a fully finished apartment at a higher price.

However, the market does not lack offers for the sale of apartments under construction. For people who are not in a hurry to move into their new home right away, but for example want to invest their money, buying a property “on the green” is a more profitable deal.

Among the main challenges in the market are the different price expectations of sellers and buyers, real estate brokers comment. But buyers are quickly found for quality properties at market prices. People’s desire to have a new, more spacious home has not diminished. Therefore, buyers with financial capabilities quickly reach a deal.

It is characteristic of the market that buyers prefer to pay a larger part of the price with their own funds and use less bank financing compared to the situation a year ago. But as property prices rise and there are more large apartment deals, so do mortgage sizes.

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