More stabilized Bulgarian Property Market
A successful year in terms of foreign investment is reported for Bulgaria and this tendency is expected to be continuous. Property consultants inform that the real estate sales contributed € 239 to the economy as the demand keeps increasing.After a long period of economic difficulties resulting from the global financial crisis, the Bulgarian property market is gaining more and more confidence thus being an attractive country for many foreign investors. With its incredibly advantageous property prices (for houses and plots of land), Bulgaria has attracted foreign citizens with very good investment opportunities.
Marketing experts say that the restored confidence is the key factor for the property market. Property investment is one of the best possible and safest investment options. The combination between the affordable properties and the better mortgage conditions offered by the banks is lucrative for the economy and for the successful development of the market.
It is not only the great investment opportunities in which the buyers are interested. Tourism plays a key role in the selection of a property. Recent statistical data show that residential properties located in Bulgaria’s most popular and beautiful seaside and mountainous resorts are the most desirable places for investment.
Bulgaria is considered as one of the most attractive destinations offering a variety of recreation and entertainment possibilities all combined with affordable prices!
Bulgaria’s ski resorts welcomed more than 80,000 tourists this winter as the tourist season was exceptionally successful. Thus, the huge number of tourists is what increased the national economy by € 17.5 m. Tourists from Turkey increased by about 30 % due to the simplified visa requirements and the share of the German tourists is 17 %.
Right at the beginning of August, budget flight operators announced a new daily route (London Stansted to Sofia) which is also a decisive factor for the boosting of the tourism. As a positive outcome from the successful winter season, prices got much more stabilized thus attracting foreign capital.
To anyone thinking about buying a property in Bulgaria I hope that I can help with my very bad experience (with other agency)that cost me several thousand euro's with a property I hoped would be my dream home and after paying my deposit and appointed the company to sort out the notary deeds I thought great I have my home in Bulgaria, after waiting for a month with no communication with the company I contacted the company and was told not to worry should all be sorted in about a week to cut a story short this went on for almost four months and not once did they communicate with me it was always me contacting them by now I was starting to worry that all the stress that I was suffering was not worth it shortening my life (I am75) so I told them to cancel the contract I didn't want the house anymore because I was getting very bad feelings over everything and back came the reply (yes you guessed it) should all be sorted in a week I replied yes but there's 52 week's in a year and I can't wait to find out which one so I gave up on my dreams of living in Bulgaria but then after a couple of weeks I decided I would try just once more and decided to try Bulgarian House and I can't tell you the difference between the first company of similar name to Bulgarian House was chalk and cheese. I was of course still very sceptical about dealing with them but after my first email to them and and the reply I received I felt like this is so different then over a short period of time searching through all the properties that fitted with my criteria I received so much help and additional property details I replied back that I have a short list of just over a hundred to which came back a reply "Are You Trying To Kill Me" but okay we can sort it all out and then I replied I was joking I only have about twenty I would like to see and after several emails and some professional banter I was so at ease with the company and made my travel arrangements to visit and view Kiki then recommended a hotel for me and after agreeing Kiki then made all the reservations for me. When I arrived at the hotel it was late and ready for a good night's sleep and then true to her word she called and asked me if all was okay and that she had arranged for me to visit all the properties I had requested over a three or four day period some of them in the Elhovo area and was showed them by one of her colleges Elvera once again a great lady that was only pleased to help and showed me other properties I might like but over the time viewing all the properties I was showed around the different area's to help me make my decision more easy and after three fairly busy but extremely enjoyable days I had a day to myself for recapping all I had seen as Kiki had an appointment with another client but even then she found time to call me and asked if I had any questions to which I replied no you did a fantastic job explaining everything as we viewed but I had one property I wanted to view again, Kiki called me back within the hour and had arranged with the owner to view the next morning, I viewed the house and had a little haggle with the owner and agreed a sale then Kiki spent the rest of the day taking me to all the major shops etc that would be of interest then went for a coffee and she arranged for me to visit the bank the next day and open a bank account then a visit to the solicitors to grant her power of attorney to act on my behalf all done, that evening Kiki and her son David (great little five year old man) showed me around Kazanlak and as it was December we went to watch a fantastic musical extravaganza in the square, what a great way to end the day and my time in Bulgaria. The whole process from agreement of sale including payment and transfer of the notary deeds all done in under two weeks that the other company could not do in over three months, so please please listen to a man who has had bad and good experience in buying a Bulgarian property Don't waste time and money looking around go straight to the best and forget the rest. As we all know that the virus is stopping us traveling and you might not be able to view as I can't go back to my house and start working on it but I can put my hand on my heart and say Kiki and Elvera can both be trusted to give you a 100% true assessment for the property of your choice and can proceed with conference. I can't wait to get back to Bulgaria and have a big BBQ for all the people I have made lifetime friends with and without Kiki it would not have been possible. John and Xiaohui
— John Johnson, UK