Why is it better to buy a property in Veliko Tarnovo than in Prague?

Investing in property is a major decision that depends on a number of factors such as prices, lifestyle, rental yields and future market prospects. Although Prague attracts with its rich market and prestige, the city of Veliko Tarnovo in Bulgaria offers several advantages that make it an attractive alternative. Here are reasons why buying property in Veliko Tarnovo may be a better choice than Prague:

1. Affordability

Real estate in Prague is one of the most expensive in Europe. The average price per square metre in the city is around 150,000 CZK (over 6,000 EUR) and rising. In Veliko Tarnovo, on the other hand, prices are significantly lower. Property in the centre of this historic town can be had for a fraction of the price, with the average price per square metre here being around EUR 800-1,000 (CZK 20,000-25,000).

For the price of a small apartment in Prague, you can get a spacious house or a historic villa overlooking the Carevec Fortress in Veliko Tarnovo.

2. Historical value and unique environment

Veliko Tarnovo is one of the most beautiful historical towns in Bulgaria, whose atmosphere will take you back in time. Many of the properties in the town centre are traditional houses with typical Balkan architecture, which have a unique character and often cultural value.

In Prague, the historic centre is becoming more of a tourist centre, while in Veliko Tarnovo you can live right in the heart of history while enjoying a peaceful and authentic way of life.

3. Higher return on investment

Real estate in Veliko Tarnovo has a higher potential for value growth as the Bulgarian real estate market is still developing. With the growing interest in Bulgaria as a tourist destination and foreign investment, property prices here are likely to rise in the coming years.

Moreover Veliko Tarnovo attracts tourists all year round thanks to its history, the Caretsev Fortress, cultural events and proximity to natural attractions. Property owners here can profit from short-term rentals to tourists, which brings regular income. Compared to Prague, where the rental market is already oversaturated, Veliko Tarnovo may be a better option.

4. Lower cost of living

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The cost of living in Prague is one of the highest in the region. Rent, utilities, restaurants and other expenses can be financially challenging for many people. In Veliko Tarnovo, these costs are several times lower. For example, monthly housing, utilities and basic services costs here are a fraction of what you would pay in Prague.

This saving will allow you to enjoy a higher quality of life or save more money for further investments.

5. Natural environment and peace of mind

Prague, as a capital city, offers a hectic pace of life that may not suit everyone. However, Veliko Tarnovo combines a rich history with small-town tranquillity and a beautiful natural environment. The Jantra River, hills, villages and surrounding monasteries create a harmonious environment ideal for those seeking an escape from the hustle and bustle of the big city.

If you are looking for a place to relax, be inspired or even work remotely, Veliko Tarnovo is the ideal destination.

6. Strategic location

Veliko Tarnovo is located in the centre of Bulgaria, making it a great starting point for travelling around the country. The sea in the east, the mountains in the south or big cities like Sofia and Plovdiv - everything is easily accessible. In addition, as a member of the EU, Bulgaria offers easy access to citizens of other European countries.

7. Less bureaucracy and lower taxes

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Prague, and the Czech Republic in general, can be known for its complicated bureaucracy when buying property, especially for foreigners. In Bulgaria, the process is much simpler and more favourable. In addition, there are lower property taxes, which reduces the overall cost of ownership in the long term.

8. Development prospects

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Veliko Tarnovo is gradually becoming a centre of interest for foreign investors, which contributes to the development of infrastructure, services and tourism. This trend increases property values and offers opportunities for future profits.

On the other hand, Prague has already reached the peak of its growth, which means that opportunities for new investors may be limited.

Conclusion

Veliko Tarnovo offers a unique combination of history, low costs and investment potential, making it an attractive alternative to Prague. If you are looking for a more affordable, quiet yet promising location with a good investment opportunity, Veliko Tarnovo is a great choice.

Investing in a property here allows you to not only own a piece of history, but also enjoy an authentic Balkan lifestyle at a fraction of the cost you would spend in Prague.