The experts from Bulgarian Properties believe that the rumors about the collapse of prices on the resort property after a decline in demand from the Russians is clearly exaggerated. Although in the coming years Northern Bulgaria is unlikely to be a place new investment.
The buyers from Russia were replaced by the inhabitants of Bulgaria. Furthermore, citizens of other countries are now quite active. For example, in Golden Sands there is a lot of active buyers from Israel, Lebanon, UK.
According to Bulgarian Properties, resort real estate in Varna by the end of this year will rise by 10%.
While the share of investment purchases is only 4%, the lion's share of clients acquire housing either for themselves or for their children (80% and 12%, respectively). The most frequent request is studio apartment (40%). In spacious apartments or detached houses are interested 15% of the potential buyers.
Based on the materials of novinite.ru
Photocredit Flickr.com