Новини
Telegraph: Beware Cheap Bulgarian Property
Рубрика: Property news Източник:Numerous websites satiate the appetites of potential buyers offering alarmingly similar artists' impressions of yet-to-be built apartment blocks or a selection of older homes across Bulgaria, Telegraph read. They offer option of search engines, including by key words such as "near beach", "in mountain", or even "near highway", for those who cannot pinpoint, for example Bansko, on the map.
The extremely cheap market here was found to be the cause of this army of buyers heading towards Bulgaria. It was also mentioned that understandingly Bulgaria is a delightful place with snow-capped mountains and verdant valleys, located along the Black Sea coast and anticipating its EU entry.
There is no difficulty in finding a rural house at about the GBP 12,000 mark, the article claims, but it could be explained with the low index of deprivation Bulgaria has been lurking around for years on end.
There simply isn't enough wealth there to generate competition for property locally, so other overseas investors are the only people who can drive prices, the Telegraph concluded.