Investment Real Estate in Plovdiv

Plovdiv property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Plovdiv .
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Search Map of Plovdiv Investment Real Estate
Plovdiv (Bulgarian: Пловдив, pronounced [ˈpɫɔvdif]) is the second-largest city in Bulgaria, standing on the banks of the Maritsa river in the historical region of Thrace. It has a population of 346,893 as of 2018 and 675,000 in the greater metropolitan area. Plovdiv is the cultural capital of Bulgaria and was the European Capital of Culture in 2019. It is an important economic, transport, cultural, and educational center. During most of its recorded history, Plovdiv was known by the name Philippopolis (Greek: Φιλιππούπολις, translit. Philippoúpolis, lit. “Philip’s city”) after Philip II of Macedon.
Plovdiv is situated in a fertile region of south-central Bulgaria on the two banks of the Maritsa River. The city has historically developed on seven syenite hills, some of which are 250 metres (820 feet) high. Because of these hills, Plovdiv is often referred to in Bulgaria as “The City of the Seven Hills”. There is evidence of habitation in Plovdiv dating back to the 6th millennium BCE, when the first Neolithic settlements were established. The city was subsequently a Thracian settlement and later ruled by Persians, Greeks, Celts, Romans, Goths, Huns, Bulgars, Slavs, the Rus’, Crusaders, and Turks.
Philippopolis was founded as a polis by Philip the Great (r. 359–336 BCE), the king of ancient Macedonia, settling there both Thracians and 2,000 Macedonians and Greeks in 342 BCE. Control of the city alternated between the Macedonian kingdom and the Thracian Odrysian kingdom during the Hellenistic period; the Macedonian king Philip V (r. 221–179 BCE) reoccupied the city in 183 BCE and his successor Perseus (r. 179–168 BCE) held the city with the Odrysians until the Roman Republic conquered the Macedonian kingdom in 168 BC. Philippopolis became the capital of the Roman province of Thracia. The city was at the centre of the road network of inland Thrace, and the strategic Via Militaris was crossed by several other roads at the site, leading to the Danube, the Aegean Sea, and the Black Sea. The Roman emperor Marcus Aurelius (r. 161–180 CE) built a new wall around the city.
In Late Antiquity, Philippopolis was an important stronghold, but was sacked in 250 during the Crisis of the Third Century, after the Siege of Philippopolis by the Goths led by Cniva. After this the settlement contracted, though it remained a major city, with the city walls rebuilt and new Christian basilicas and Roman baths constructed in the 4th century. The city was again sacked by the Huns in 441/442, and the walls were again rebuilt. Roman Philippopolis resisted another attack, by the Avars in the 580s, after the walls were renewed yet again by Justinian the Great (r. 527–565).
In the Middle Ages, Philippopolis fell to the Bulgars of the First Bulgarian Empire in 863, during the reign of Boris I (r. 852–889), having been briefly abandoned by the Christian inhabitants in 813 during a dispute with the khan Krum (r. c. 803 – 814). During the Byzantine–Bulgarian wars, the emperor Basil the Bulgar-Slayer (r. 960–1025) used Philippopolis as a major strategic fortification, governed by the protospatharios Nikephoros Xiphias. In the middle 11th century, the city was attacked by the Pechenegs, who occupied it briefly around 1090. The city continued to prosper, with the walls restored in the 12th century, during which the historian and politician Niketas Choniates was its governor and the physician Michael Italikos was its metropolitan bishop. According to the Latin historian of the Fourth Crusade, Geoffrey of Villehardouin, Philippopolis was the third largest city in the Byzantine Empire, after Constantinople (Istanbul) and Thessalonica (Thessaloniki). It suffered damage from the armies passing through the city during the Crusades as well as from sectarian violence between the Eastern Orthodox and the Armenian Orthodox and Paulician denominations. The city was destroyed by Kaloyan of Bulgaria (r. 1196–1207) in 1206 and rebuilt thereafter. In 1219, the city became the capital of the Crusader Duchy of Philippopolis, part of the Latin Empire. The Second Bulgarian Empire recovered the city in 1263, but lost it to Byzantine control before recapturing it in 1323. The Ottoman Empire conquered Philippopolis (Turkish: Filibe) in 1363 or 1364.
On 4 January 1878, at the end of the Russo-Turkish War (1877–1878), Plovdiv was taken away from Ottoman rule by the Russian army. It remained within the borders of Bulgaria until July of the same year, when it became the capital of the autonomous Ottoman region of Eastern Rumelia. In 1885, Plovdiv and Eastern Rumelia joined Bulgaria.
There are many preserved ruins such as the ancient Plovdiv Roman theatre, a Roman odeon, a Roman aqueduct, the Plovdiv Roman Stadium, the archaeological complex Eirene, and others. Plovdiv is host to a huge variety of cultural events such as the International Fair Plovdiv, the international theatrical festival “A stage on a crossroad”, the TV festival “The golden chest”, and many more novel festivals, such as Night/Plovdiv in September, Kapana Fest, and Opera Open. The oldest American educational institution outside the United States, the American College of Sofia, was founded in Plovdiv in 1860 and later moved to Sofia.
On 5 September 2014, Plovdiv was selected as the Bulgarian host of the European Capital of Culture 2019 alongside the Italian city of Matera. This happened with the help of the Municipal Foundation “Plovdiv 2019″, a non-government organization, which was established in 2011 by Plovdiv’s City Council whose main objectives were to develop and to prepare Plovdiv’s bid book for European Capital of Culture in 2019.
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The financial stability of Plovdiv has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.
Buy to Rent in Plovdiv
Renting out your Plovdiv buy-to-rent investment property can grow wealth and income.
Whatever your goals with investment property in Plovdiv are – preparation is key.
With our expert guidance, investing in Plovdiv provides the secure knowledge that your money is working harder than it would in a local Plovdiv bank and that future generations of your family will be left with substantial capital growth assets.
We are always happy to advise on buying investment property in Plovdiv, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Plovdiv property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.
Flipping Investment Property in Plovdiv
Flipping property in Plovdiv
Flipping property is when we advise clients to buy a Plovdiv property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Plovdiv market has a time to react to the renovation.
The Flipping Strategy in Plovdiv
Investment property flipping in Plovdiv is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Plovdiv real estate investments are sometimes referred to by professionals as ‘distressed’ Plovdiv real estate.
What is distressed Plovdiv property:
- Plovdiv property in need of renovation
- Plovdiv real estate with a change of purpose and use
- Oversold Plovdiv property
- Bank repossessions in Plovdiv
Put simply, long term investors in Plovdiv purchase the property, renovate it and make it a lot more attractive to potential buyers.
Calculate profit that you make from Plovdiv investment property flipping:
Final Selling Price less Cost of Purchase less Costs = Profit
Here is an example:
Plovdiv property purchase price: $220,000
Renovation costs: $20,000
Other costs: $25,000
Property sale price: $400,000
Profit: $135,000
Experienced property developers in Plovdiv use a minimum profit value of 22% when looking at potential Plovdiv projects. The reason for this is because there are lots that can go wrong in Plovdiv property flipping and working on a potential margin of 22% should still leave a good margin of error.
Luxury Property in Plovdiv
For luxury property investors hoping to add a superb property in Plovdiv to their luxury real estate investment portfolio, Physis Realty is a trusted partner.
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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Plovdiv, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Plovdiv should be entrusted to only the highest-quality agency.