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 can honestly say that Kiki made the house buying experience in Bulgaria wonderful from start to finish. Because of Covid, we were unable to visit the property (which we bought one year prior to being able to visit it). Kiki faithfully sent photos, videos, arranged insurance, organised all legal matters, her husband even helped fix our shower! When the time came that we were able to come to Bulgaria Kiki and her partner drove out to visit it with us and even helped us meet the neighbour. There is no way that we would have gotten such a personalised and 'above and beyond' service in the uk. For anyone considering buying in Bulgaria, this is the company to go for, she will get you the best deal and help you every step of the way, you won't regret choosing Bulgarian House.
— Claire, Scotland