Coronavirus Pandemic Sends up Demand for Country Houses

In 2020 the purchases of houses in the countryside have increased by 20 percent in Bulgaria. The interest in rural properties is not new to the home market, but is growing because of the pandemic, and real estate brokers expect the trend to persist in 2021 and coming years, informs Trud daily.

Because of the months spent at home, more and more people are considering the possibility of buying a second home in a village or changing their narrow apartment in the city for a house with a yard. Most families buy rural properties in order for families to spend there part of their summer holidays, as well as weekends and other holidays, but some of them will also make it a permanent home, especially people who can afford to work from home. Houses in villages were the hit on the realty market in 2020. "The best properties sold out very quickly and in some places there is already a shortage and the attractive offers are hard to come by," says Polina Stoykova, CEO of a real estate company. The most sought-after are the houses ready for moving in, which do not need major renovation.

The greatest demand is for houses near the major cities - in Bankya (near Sofia), as well as in the areas around Plovdiv, Varna and Veliko Tarnovo. Around Sofia villages are mostly preferred within a radius of up to 50 km, and around Plovdiv and Varna - up to about 30 km. There is also greater demand for the villages around cities that are one or two hours away from Sofia, and it is generated by people living in the capital and not only by residents of these cities.

The reason is that the houses near Sofia are more expensive, and at an hour away people can find much more advantageous offers.

Home buyers are mostly families with children, as well as people with...