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Crisis Brings Russian, Arab Investors to Bulgaria's Real Estate Market - Report
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The global financial crisis will serve to attract more Russian and Middle Eastern investors to Bulgaria's real estate market, according to the Russian online edition rambler.ru.
The reason for that is that the financial crisis is forcing the investment companies in Bulgaria to freeze or delay the execution of a number of real estate projects. The lower prices are expected to attract primarily Russian and Arab clients.
The article points out the value of recreation real estate deals in Bulgaria has already declined by 10%.
In addition, the Bulgarian Land Development firm is reported to have postponed two of its projects in the Black Sea town of Kavarna and the mountain resort of Borovetz. Black Sea Property has terminated the execution of a project in the sea resort of Tsarevo, whereas Bulgarian Property Development has discontinued its investments in the mountain town of Bansko.
The director of the Green Life investment company Nikolay Penlivanov is quoted as saying that a number of speculators were abandoning the Bulgarian real estate market.
Some 50 000 of holiday homes are on sale along Bulgaria's Black Sea coast, according to the article, which also points out that the recent sale of one of the largest mall in the country City Center Sofia brought to the vendor Equest a profit of only EUR 7,5 M.
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Bulgarian Properties |
Cheap Properties in Bulgaria >>
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Cheap land for sale in Bulgaria - LND02
Brief: Agricultural land for sale near Ruse
Area: 20000 sq.m.
Price: 6000 EUR
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Do you love the mountains? My Bulgarian Property UN1207
Brief: Houses for sale near Veliko Tarnovo
Area: 100 sq.m.
Price: 8900 EUR
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Take me back to my HOME on the river Bulgarian Property - RUS1565
Brief: Houses for sale near Veliko Tarnovo
Area: 80 sq.m.
Price: 9300 EUR
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Amazing view Development Plot on the River Bank - My Bulgarian Property - RUS1955
Brief: Land for sale near Veliko Tarnovo
Area: 1000 sq.m.
Price: 9200 EUR
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More than you can imagine My Bulgarian Property RUS5031
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 3900 EUR
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A GIFT instead of an OFFER on the banks of Danube River! - Bulgarian Property RUS1572
Brief: Houses for sale near Veliko Tarnovo
Area: 100 sq.m.
Price: 17200 EUR
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Clean air, green hills and a picturesque river valley My Bulgarian Property RBP07
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Area: 200 sq.m.
Price: 280000 EUR
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Take me back to my house in the mountain - Bulgarian Property - RUS1230
Brief: Houses for sale near Ruse
Area: 120 sq.m.
Price: 7900 EUR
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Let the mountain in you home - Bulgaria Invest - LOV1202
Brief: Houses for sale near Lovech
Area: 80 sq.m.
Price: 19700 EUR
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Simply the best Bulgarian Property - RUS1289
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 20000 EUR
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The first step to your future life RUS1516
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 14800 EUR
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The FOURTH from our six sea pearls RUS 1269D
Brief: Houses for sale near Varna
Area: 154 sq.m.
Price: 181200 EUR
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Ready to possess a hotel on the sea? - SEA 1201
Brief: Hotels for sale near Burgas
Area: 800 sq.m.
Price: 445000 EUR
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