Bulgaria Real Estate Property Increasingly Attractive for Russians
Novinite News | October 30, 2009
Real estate property in Bulgaria is the most sought after by Russian buyers, according to data of the Russian company MIEL’ Distant Property Management.
The company, whose portfolio includes real estate offers in 20 countries, has released data saying that in the third quarter of 2009 25% of all inquiries it received were for properties in Bulgaria, Interfax reported.
This ranks Bulgaria first as an investment destination for Russian buyers, followed by Turkey with 17% and Spain with 13%.
What is more, the company says all of its Russian clients who considered buying real estate property in Bulgaria actually bought it.
MIEL’ DPM explains that Bulgaria is attracting buyers with the affordable prices, the decent quality of real estate, the variety of offers, and the simplified purchase procedure.
70% of those Russians looking for property in Spain have also managed to find what they want which places Spain second after Bulgaria on that criteria.
Russian Oligarchs Throw Money around at Bulgaria Black Sea Properties
Novinite News | November 6, 2009
Bulgaria: Russian Oligarchs Throw Money around at Bulgaria Black Sea Properties
Novinite News | November 6, 2009
Russian oligarchs have paid up to EUR 3 800 per square meter for vacation properties at Bulgaria’s Black Sea coast.
This has been announced by Konstantin Bobchev, managing partner at Home for You, during the real estate conference BalRec on Friday.
The properties for which the Russian buyers paid the highest price for a Bulgarian Black Sea spot is located at the Oasis Complex, close to the southeast town of Tsarevo. Over a dozen apartments at the complex have been sold for the price of EUR 3 800 per square meter.
All of the 320 luxury apartments have been sold, mostly to Russian buyers, for an average price of EUR 2 000-2 700 per square meter.
The conference participants have also announced that a number of Swedish and Finnish families were also looking to buy Bulgarian Black Sea properties but their major requirement was to have a fully furnished kitchen.
The real estate businessmen have pointed out that some of the vacation properties constructed further from the sea coast would remain unsold, making good monuments of “entrepreneurial madness”. |
