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Russians Once Again on the Bulgarian Real Estate Market
2008-09-04 15:43 News from News.bg

90% of the buyers of vacation properties in Bulgaria are Russians. This was announced today in Sozopol by Nikolay Pehlivanov, the executive director of the investment company Green Life.

Clients of Bulgarian property no longer come from Moscow and Saint Petersburg, but from other regions in Russia as well. They prefer big vacation properties near the beach with a well developed infrastructure.

The weak tourist season influenced the Bulgarian vacation real estate market in Bulgaria negatively. The levels of return this year are between 3 and 5% when the expected was 10% and the realized is 7% in the previous year, representatives of Green Life claim.

The English-speaking clients retreated from the market because of their inability to pay their credits and the financial crisis in Great Britain. Green Life predicts a retreat of profiteers from the market.

Experts claim that the prevailing vacation home search is for big properties and more scalable land terrains. The prices of big complexes will continue to increase, the company predicts.



This News is listed at news.Guide-Bulgaria.com

apartment for sale
apartment SozopolSozopol
55 m2
€ 95000
house for sale
house SozopolSozopol
131 m2
€ 135000
house for sale
house RosenRosen
105 m2
€ 76000

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

> 2008-05-07 Greek Invasion on Bulgarian Property Market
> 2008-04-30 A modern architecture complex in village of Dobarsko
> 2008-04-30 Construction works of New SPA hotel in Velingrad start in May
> 2008-04-28 Bulgaria`s Tallest Building to be Erected in Sofia
> 2008-04-25 Agricultural Land in Bulgaria Among the Cheapest In EU
> 2008-04-23 Record Number of Bulgarian Real Estate Deals in 2007
> 2008-04-23 BLD to redevelop Sofia printing house into office, retail center
> 2008-04-23 Planning approval delay for Serdika hotel revamp
> 2008-04-23 GBS to open Sofia office center in Jun
> 2008-04-22 Housing Prices in Bulgaria to Increase by 10-15% in 2008
> 2008-04-21 Russian demand for seaside properties at all-time high
> 2008-04-21 Sandanski Mall to open this month
> 2008-04-21 Business developments eclipse vacation homes
> 2008-04-18 Pilot phase of luxe Teres villa community near Plovdiv completed
> 2008-04-14 USA and UK Financial Crisis to Have Corrective Impact in Bulgaria
> 2008-04-14 The first skyscraper in Bulgaria by 2010 in Meden Rudnik, Burgas
> 2008-04-14 EUR 50m will be invested in Orchid Gardens Varna
> 2008-04-14 Bulgaria property market outstrips the forecasts
> 2008-04-14 "Week of the Real Estate on the Balkans" in 14-20 April, 2008
> 2008-04-12 Five funds have interest in acquiring buildings in Sofia wide center

Pages: [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]

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