Bulgarian real estate market adapts to buyers from other countries

Bulgarian real estate market adapts to buyers from other countries

With the approach of summer, the demand for the Bulgarian resort real estate rises. However, the market has significantly changed the spread of power – Russian and British buyers are on the backburner.

More recently, the Bulgarian real estate market has been sharpened by a fairly narrow category of people. Basically, objects on Black sea resorts were advertised for the Russians and UK citizens. In April 2016, Bulgarian Properties reported an increase in demand from residents of other 15 countries. Among them were citizens of Canada, New Zealand, Serbia, Italy and Spain.


Interestingly, that the number of buyers from Bulgaria itself has increased. Basically, they buy houses in the ski resorts or on the coast. In particular, at the beginning of 2016 it has been sold especially a lot of objects in the town of Bansko, also for example in Borovets 90% of buyers are Bulgarians.


The amount of buyers from Russia was less than in previous years. Now the Russians, because of the crisis, are interested in Bulgaria only in the most affordable houses and apartments.

In the first quarter of this year the square meter in Bansko could be purchased for €358, in Borovets - for €585, while on the Sunny beach – over €520.

 

Based on the material of inostrannik.ru

Photocredit Depoditphotos.com