Higher demand for luxury properties in Bulgaria
Bulgaria tends to be good for investment purposes. According to recent data of real estate agents, the number of people who are looking for middle to high-end properties continues to rise. This is due to the stability of the real estate marketing.The number of properties sold is 15% higher than before. However, property prices go up due to the shortage of houses that correspond to the demand. The situation is similar in the UK.
What the most essential for the market activity is the balance between price, location, infrastructure and condition. More and more people tend to show interest to expensive properties which meet their requirements. A crucial fact is that people reckon properties as good investment possibility. This is why they have high requirements as far as quality is concerned.
A new report reveals that the most demanded kinds of properties are big two-and three-bedroom apartments. The percent of the sold ones is quite high – 47 %. They attract the attention of investors rather than of people who want a new property. This shows that investment is a winning option.
Buying property in Europe from the other side of the world, presents all manner of difficulties, even before one factors in the current martial law in Philippines , and Brexit ( for a UK passport ) in Europe. I had previous experience of buying in Bulgaria, and already knew a number of local agents. Kunka, I came to know about a year before I finally managed to make the return... she admitted that the extraordinary set of circumstances I faced, took more than a little understanding, since they seemed unbelievable. Nonetheless, she neither flinched, nor blinked, and with utmost patience, helped me through not only the purchase, but a whole heap of other problems. Both she and Hristov were kindness itself, and always stood ready to assist. Not only were they very capable as agents, and professional in every way, but their assistance has been extremely welcome, given the immense difficulties faced. With experience of agents here and internationally, I'm happy to offer the highest of recommendations for their professionalism , help well beyond the terms of house purchase, and for their sincerity and friendship. Andrew Davies
— Andrew Davies, UK