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.
Kiki was so helpful from start to finish with selling our apartment. She was always punctual, reliable & helpful. I have to say that Kiki is very professional & quite happy to answer any questions no matter how trivial they may seem. She is polite & courteous at all times & gives her service with a smile. Thank you again for the smooth running of our deal Kiki. We would thoroughly recommend Kiki & Bulgarian house. Gary & Liz
— Gary, UK