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.
Buying property in Europe from the other side of the world, presents all manner of difficulties, even before one factors in the current martial law in Philippines , and Brexit ( for a UK passport ) in Europe. I had previous experience of buying in Bulgaria, and already knew a number of local agents. Kunka, I came to know about a year before I finally managed to make the return... she admitted that the extraordinary set of circumstances I faced, took more than a little understanding, since they seemed unbelievable. Nonetheless, she neither flinched, nor blinked, and with utmost patience, helped me through not only the purchase, but a whole heap of other problems. Both she and Hristov were kindness itself, and always stood ready to assist. Not only were they very capable as agents, and professional in every way, but their assistance has been extremely welcome, given the immense difficulties faced. With experience of agents here and internationally, I'm happy to offer the highest of recommendations for their professionalism , help well beyond the terms of house purchase, and for their sincerity and friendship. Andrew Davies
— Andrew Davies, UK