Russian Investors Aim for Cheap Bulgaria Properties

Business » PROPERTIES | March 24, 2009, Tuesday // 08:33| Views: | Comments: 4
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Bulgaria Russian Investors Aim for Cheap Bulgaria Properties: Russian Investors Aim for Cheap Bulgaria Properties A bulgarian estate agents has received interest in a large number of properties from Russian investors. Photo by homeforyou.bg

A Bulgarian real estate agency has received interest from Russian investors in over 300 properties in Sofia and on the Black Sea coast.

According to ‘Home For You' CEO, Konstantin Bobchev, Russian investors have been attracted by the falling real estate prices in Bulgaria.

He said; "Our Russian partners have shown interest in purchasing apartments in Sofia and in Bulgaria's resort towns," cited by Bulgarian daily newspaper Standart.

Such a large-scale investment will give some fresh air to Bulgaria's real estate sector, which is now gasping under the unfavorable conditions of a spreading global financial crisis, the publication concluded.

 

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» To the forumComments (4)
#4
cobra - 26 Mar 2009 // 12:40:31

what is it about buying property in Bg and stupidity, be it Anglo or Russian:)

#3
Chushki - 26 Mar 2009 // 12:19:07

Honestly Uchak, stop being such a drama queen. Most of our Russian visitors are drunken retards, keen to spend their overvalued rouble in our glorious country. If they cause any nonsense you can be sure that Tsar Sergey will not tolerate it and will march on Moscow.

#2
Uchak - 26 Mar 2009 // 11:37:14

nellie, the yes cheating Brits in real estate pretty easy in Bulgaria, cheating Russians is signing your own death warrant

if you rip off a russian mobster or KGB type, what do you think they will do in reponse?

plus bragging about swindling foreign investors....bg economy ready to reap the whirlwind

#1
NellieotAmerica - 25 Mar 2009 // 23:59:42

Good, I couldn't be happier. Time to put the moves on the Russians now. Let's see how many Russians we can swindle. Swindling the Brits was almost too easy - like taking candy from a baby. Let's see if the Russians will be more of a challenge. lol

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