Bulgarian property market overcame by Russian buyers
According to Bulgarian House Ltd data, almost 80 % of overseas transactions in Bulgarian real estate are Russian investors. That invasion is giving the property market a much-needed boost, with international buyers now responsible for 15 % of overall transaction compared to just 8 % in 2009.The most popular areas are the coastal areas : Varna, Dobrich, Burgas, Sunny Beach, etc. The Russian buyers prefer luxury houses or apartments with sea view. According to Bulgarian House Ltd- real estate agency with Russian buyers replacing British byers to take advantage of the low prices, which now stand at 40 % below the market peak.
The owners are not desperate to sell their properties. They are waiting for the exact time when the price will be good for them. This is and one of the reason the prices of the properties to go up.
We just bought our first home and can not thank Kiki enough for all her help! We knew very little about what to look for in a home and Kiki guided us through every step. She made sure we took our time to figure out what we wanted and not rush into something. She always gave her honest opinions about every house we looked at and we are so so happy with the house we chose! We would highly recommend Kiki and Hristo realtors. Thank you!! - Katrina & Will
— Katrina & Will, USA