Tag Archives: Property in Rousse

Rustic Properties around Rousse – Hoping for Revival

If the current market can be described in a few words they would be: enormous supply of properties, unpredictable negotiation conditions, and the strength in the hands of the buyers.

The negative effects of the world crisis that started long time ago are still felt on the property market in the Rousse region. The number of people asking about properties is pretty low in comparison to previous years. The number of inquiries has fallen more than 5 fold in comparison to 2007-2008.

The big difference now is the type of properties for sale. Part of the properties on the market are owned by British vendors who had invested a lot of money for renovation during the past 5-6 years and who are forced to sell due to one of the following reasons: they don’t have enough time to come regularly to Bulgaria and there is no sense in keeping the house; they need money because of their financial situation in England has changed; or changes in their circumstances such as separation, divorce, etc.

Generally Brits are much more flexible than Bulgarians when it comes to buying and selling property (unlike Bulgarians who often consider a purchase of real estate to be for life). At the moment there are many properties for sale at excellent prices. Of course prices may still decline and it is debatable whether buying in Bulgaria represents such a good investment since prices are unlikely to bounce back for sometime. But what Bulgaria now offers is an opportunity to buy something that is not obtainable in other buying destinations. In many ways it reflects what the market was like 7-8 years ago and what makes Bulgaria unique. For less than 15,000 euros you can now buy something reasonable and that probably the equivalent of half a dozen family holidays and its with you for life.

Potential buyers know that they are in a strong position and use that to reduce the prices and negotiate very good conditions of sale such as staged payments within several months or even a year. The sellers are not in a position to say “no”.

In the last few years it has been noticed that Bulgarians are more active in the market for the rural properties compared to ten years ago. Many, especially families with young children and retired people, wish to move their home from the cities to the villages not far from the cities. The reasons for that are: the stress, the need to relax and their desire to grow their own vegetables and fruit that are clean and tasty. This makes another growing group of potential buyers. The desired houses must be close to Rousse (not more than 30-35 km) and in livable condition. In comparison to English clients who doesn’t mind longer distances and prefer to buy cheap and make renovations themselves Bulgarians prefer to be close to town (where they probably work) and to have less work to do on the house.

Romanian buyers in the Rousse region are very much similar to Bulgarians in terms of their mentality and what they are looking for. They want houses in good condition, close to Rousse which gives good access to Romania as well. They are ready to increase their budget in order to buy a really good property. And as we wrote above good offers are not missing on the market now such as properties that would have sold for about 70,000 EUR 7 years ago (solid, very well-maintained, entirely renovated and luxuriously furnished) and now cost only about 30,000 EUR, such as this beautiful house and even can reach prices up to 14 000-16 000 EUR.

In 2013 the properties of interest are of higher standard than the previous years. Most of the buyers are looking for renovated properties which are really good value for money. Such deals happen due to the fact that many sellers can not wait long to sell their houses and they are forced to sell at a lower price than they expected.

In Rousse region it starts to be seen how the villages become more alive because people start to return there. This is good for everybody in the region. The other positive fact that makes us sure in the good future of the Bulgarian countryside is that the Government invests a lot through different European programs in agriculture and rural regions. People, not only here, but in the whole Europe start to understand how important it is to keep close to the earth. This gives us confidence that people will continue to move back to the villages.

Prices of city properties in Rousse are showing a little increase in comparison to the last two years. There is large number of offers on the market and the number of deals are very small because the buyer are still quite unsure. Currently average prices of city apartments are 400- 500 EUR/sq m for flats in old buildings and 450-600 EUR for properties in newly built blocks in the center of Rousse. At the market peak in 2008 prices reached 1,200 EUR/sq m. On the other hand the rental market is much more active. Many people who planned to purchase a property have to rent instead as they have no access to affordable bank loans. The rents are reduced as well and there are good quality furnished properties as well as many tenants looking for better quality.

All the above has good effect on the market in long-term because there are many people that restrain from buying now but life continues and they can not stop themselves forever. Sooner or later all they will come to the market willing to buy what they need. The desire is now kept in stock, like the savings of the Bulgarians which according to the Statistic continue to grow. This gives us hope that there is a certain amount of money waiting to be invested in the sector.

Rousse – The Modern City And The Beautiful Nature Parks

Rousse is a city of many contrasts. It once was one of the most important cities along the River Danube but with the collapse of the Austro-Hungarian Empire its importance waned. It has, however, been blessed with a legacy of some of the most wonderful examples of Central-European architecture dating back many years. Not for little reason has it been called the Little Vienna. Unfortunately this grandeur is only found around the centre of the city whilst the suburbs have been modernized under the communist administration. The city of Rousse has a population of about 150000. It is situated 320 km North-East of Sofia, 200 km North-West of Varna and 100 km North of Veliko Turnovo. The closest airport is the Bucharest one at a distance of about 70 km.

The surrounding area offers variety of recreation opportunities and one can enjoy the beauty of the region. The most outstanding natural feature is the Roussenski Lom Natural Park which is in essence a meandering river that has carved a deep gorge through the landscape. The result is a scattering of small villages that are either perched on the cliffs overlooking the gorge or are nestled at the foot of the gorge. In both instance the views are quite spectacular and unique.

There are lots of beautiful spots:

The ruins of the Mediaeval Town of Cherven – the key town of Northeast Bulgaria in the 14th century. Because of the great historical importance of this place the property prices start from 15,000 EUR for an old house that needs entire renovation. The nearest villages Koshov, Tabachka and Nisovo are also of great interest. Here you can check severalgood examples of properties for sale in this area: a typical house for renovation , a renovated property , another renovated property , a house in need of finishing works .

The archaeological reserve “The Rock Churches” where the visitors can see well preserved frescoes of the mediaeval art from the 15th Century. It is included in the list of world Cultural and Historical Heritage of UNESCO. Ivanovo village is preferred by people who consider the close proximity to the city as one of the most important features together with the excellent roads which lead to it. Property prices are similar to these in Cherven, Koshov and Tabachka.

Basarbovo Rock Monastery: It is 12 km from Rousse, in the rocks close to the village of Basarbovo. One property which deserves attention is this great newly built house just 13 km from Rousse.

Orlova Chuka Cave which is 50 km long and reaches Romania beneath the river Danube. Near the cave there are many villages: Chilnov, Ostrica, Shirokovo , Koprivets and Pepelina. The prices of the properties in this area are cheaper because it is farther from the city. You can find an old rustic house at a price starting from just 8,000 euro. An excellent property can be bought in these areas for under 30,000 eurosuch as this ready-to-move-in 2-bed house. Cheaper deals are also available.

Considering the broad and diverse attractions of The Roussenski Lom Nature Park every visitor can find something of interest. There are signed routes for hiking, cross-country riding and biking, eco- educational trails and places for observing birds and predatory mammals.

The Lipnik Forest Park is the city’s closest recreation area. It is a wonderful place for fishing, water sports and outing. The most expensive in this area are the properties in Nikolovo village which stands on a lake and provides excellent views. The prices there normally start from 50 – 60 000 EUR for a modern big house with stunning panorama. In this area most of the houses are recently built and more luxurious in comparison to the old styled houses along the Roussenski Lom River Valley. A sample of a lovely house in this area very close to Rousse is provided here.