Underestimated panel apartments come on the market

Buyers prefer them in Varna for a bargain

Undervalued and shading by new construction, prefab apartments are becoming increasingly more preferable for purchase.

A key advantage of reinforced concrete homes is that the customer pays for actual living area, with about 1% of the price for common areas. In new construction, buyers pay between 20 and 30% for concrete patio and stairs that go on average between 500 and 600 euros for a square.

Built according to plan, prefab units enjoy good infrastructure and landscaping. Agencies reported that 50-60% of clients are young families seeking their first home. Decisive factor in the deal is the price. In this respect prefab apartments are competitive. Flats are new owners at prices between 26 and 30,000 euros depending on location and legal owners of the previous repairs. The two-room are available between 36 thousand and 46 thousand euros. Panelkite with sizes between 80 and 90 squares are sold at a price of around € 55,000. Two and three bedroom are the most widely purchased, it is because the usual number of members of one family.

 According to brokers is now profitable to buy a flat panel with a mix of free funds and bank loans. Agencies reported a slight revival, but the transactions are below expectations. By the end of the year is expected to slightly decrease prices by 4-5% in some areas of Varna. "Transactions are becoming less and luck. Customers with cash payments able rapidly to conclude a bargain. "Said a broker.