Real estate market in Sunny Beach,reduction of Russian Buyers
Sales of Bulgarian properties in Sunny Beach showed a sharp decline for the first time since the revival of the market when the main buyers was Russian. In the district there are two notary offices that suggest a 15 percent reduction of the deals with Russian on the real estate market.It is very hard to say if this reduction will continue and in the next 2014 or if Russian buyers in Bulgaria who bought this summer are yet to purchase and will do so later in Autumn 2013. Possibly many property buyers are holding off and waiting for reduction of the prices, or in the worst case –the most of the middle class Russian interest have already purchased, thus their share of the market demand has peaked and now will show slump.
Anyway, official statistic will be available at the beginning of 2014, when we can talk for real data.
For first time since 2008, property prices in Sunny Beach have remained stable. It is unknown how will be the prices comparing with this year. But if the property market shows stagnation, definitely the prices will start to go down.
Thanks for---everything, Kiki & Hristo! Ron and I are touched by all the extras we did not expect from you or any realtor. The flowers and catered dinner you gave us when we moved in to our new home are priceless. Your commitment, professionalism and expertise are commendable. You have been a great support all throughout the process of buying our dream home in Bulgaria. This process can be stressful to anyone but we always felt a certain level of comfort and confidence in knowing that we had you looking after us. Peggy Fallon from USA
— Peggy & Ron Fallon, USA