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.
I first found this company on the internet and found the site really easy to understand and gave me alot of information! I arranged to go over for a viewing trip in November 2010 with a friend as my husband couldnt make it. We were pick up from sofia airport. over the next 5days we went from one end of Bulgaria to the other covering over 1600km (Bulgaria is Beautiful)Each night we stayed in a different hotel, which was checked every time to see if it was to our liking!They even took us to a chemist to get us something for our coughs!!! Dont think an English Estate agent would of done that!! We were looked after the WHOLE time and they answered all of my questions, some times over and over again!! They have helped with paperwork and accounts which have to be set up! NOTHING was tooo much trouble for these lovley,lovely people and im buying with confidence! I would gladly recomend this hardworking, trustworthy, friendly company! We not only met Estate Agents over there, we also made our first Bulgarian friends :)Thank you kiki and Hristo. Maxine Wood. N.E.Lincs. England
— Maxine Wood :), England