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Bulgarian Property & Real Estate News

Focus remains on luxury Bulgarian properties

The continuing adjustment in the Bulgarian property market is started to impact all but the nest quality Bulgaria apartments, with good location, infrastructure and services a must according the Bulgarian property experts.

The demand for quality Bulgarian properties for sale still exists but cheap purpose built apartments in locations like Sunny Beach and Bansko are seeing substantial price drop due to a huge oversupply in these areas and also a lack of quality and variety.

The Russian market is quite strong at the moment and has largely replaces the bargain-seeking Brits who had hoped to buy and flip their Bulgarian properties quickly. The Russian are adopting a more long term approach which offers a more stable growth pattern. The Russian market has over 600 million prospective buyers which makes it an attractive target marketing for Bulgarian property developers.

“The outlook for the next year appear to be a more selective buyer looking for quality Bulgarian property that offers something unique in the market” said the manager of Bulgarian real estate developer Tidhar Bulgaria.

Source: Dnevnikam

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