Less English clients, more Russians and Greeks instead!
Property prices have increased with an average of 30% and 35% in bigger cities and holiday andspa resorts. The total number of Notary deals is 311 000, which is approximately 4%-5% more
than last year.
According to data, provided by Bulgarian real estate agencies, there are about 3 million sq.m
vacational properties under construction - 2 m illion sq.m along the seaside and the rest
mainly near Bansko.
The secondary property market has also began to expand as there are many owners who have
purchased real estates as an investment. This market consists mostly of properties bought
off-plan a few years ago by English people.
Changes in customers have also been registered for the last year. Clients from UK and Ireland
are less, compared to those from Russia, Greece, Roamnia and Bulgaria.
Bulgarians have begun purchasing properties located in holiday resorts. However, most of the
Most of the clients were business owners and people working in tourism full-time. Their
average budget requirements are up to 25 000 EUR.
According to real estate forecasts, there will be a slight recess in the holiday property
market. However, this is expected to result only in the number of deals, but it is not likely
to cause a decrease of the prices.
The first thing I want to say is, thank you Kiki for all you have done. The first time we spoke to Kiki we felt right at ease. Because we didn' t know how or when we were going to be in Bulgaria we didn't let her know. So when we got there we contacted Kiki. Because we were only there for a week we didn't have much time. She immediatly made sure we could visit a house the same day. She called us crazy because it was 400 km from varna were we stayed. But we went. She could not be there with us because it was such short notice, but the next day she was. Kiki cleared her calender to make sure we could look at some other houses with her. Besides the fact she showed us some good houses we also had a lot of fun. When we went to see the last one it was bingo. So we would buy the house. Kiki made sure a paper work was oke before we left back to Belgium. Now not even a month later we can call ourselfes the proud owners of a house in Bulgaria. What Kiki did for us was amazing. Everything went smoothly without any problems. She is a hardworking woman,(sometimes to hard working), she makes sure everything goes smoothly. And besides that she is a great person. We know we have a new friend for life. When we buy our next house it will be with Kiki. So again Kiki thank you, you are amazing
— Bart en Annick, Belgie