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.
My wife and I have just returned from a 4 day viewing trip. We can honestly say that "Bulgarian House" and specially the team: Kiki & Histo did everything that could have been expected of them. We were met at the airport, taken to view the properties we requested, and also some we had not, but was very apprpriate to us. This turned out to be very good news as we saw the property that made the whole trip worthwhile. In finalising the paperwork, we were again impressed by the professionalism of the staff.They prepared all kind of documents and now we are happy owners of a Bulgarian house in Near Kazanlak. Thank you again Kiki & Hristo. Natasha & Sergei Merinov from Krasnoyarsk, Russia
— Natasha & Sergei Merinov, Russia