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 can certainly recommend this company. They are profesional and extremely helpful. You hear many frightening stories of foreigners getting ripped off in Bulgaria by rogue agents and con men. The owners of this company could teach the English estate agents a lesson or two in customer care. Nothing is too much trouble to them. The whole buying experience went extremely smooothly. They took care of setting up bank accounts for us, both personal and the required buisness account. Registering the property and sorting utility bills. During our search for the right property in Bulgaria, we dealt with many different estate agents and without doubt these were the most helpful and friendly. Unlike UK estate agents where you get met at the house of your choice and ten minutes of their time, with Bulgarian House, you are driven around a range of houses within your given budget. We have now owned our house for just over a year and in that time we have turned to Bulgarian House for help and advice and they always act on our requests. We would certainly recommend paying them to project manage any work as they can be trusted and it is worth paying what we have found to be amazing value for money. In summary we trust them 100%. I would say try Bulgarian House first and you won\\\'t want or need to try another agent. Steve & Ann. Lancaster, England
— Steve Darby, England