Bulgaria-preferred country for property investment
The Russian city of Sochi is about to lose its position in the property market due to high prices unlike Bulgaria, Russian media report. The author does not expect high property market activity after this year’s Olympics which turned out to be the most expensive Olympics up until now. Its investment amounted to more than USD 50 B.Regarding the affordable prices at the Bulgarian Black Sea resorts and the interest-free-3-year mortgages, the forecast is real. Another major reason for the property boom is prices close to USD 1,700 per square meter. The high quality of the services is a key factor for the real estate market development.
A Russian director of a real estate agency said that Russian middle-class citizens choose the Bulgarian coastline, while the richer ones preferred Spain or Italy.
Bulgaria is an attractive country for Russian people due to the fact that most of the Bulgarians speak Russian language very well and another factor is the mild climate.
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