Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
The demand for European property by Russians is steadily increasing despite the economic crisis, Russian media have reported.
According to official data, Russian people are currently the most active foreign buyers of property in Europe, especially in its eastern regions. The majority usually look for property near the famous ski resorts of Bulgaria, Montenegro, Turkey and other countries with a well-developed tourism sector.
Russians now account for almost half the buyers of real estate in Europe, despite the fact that compared with 2009, the number of transactions completed by them has decreased by 5%.
In contrast, the demand for foreign property among the citizens of the European Union and the US has significantly dropped since the beginning of the recession.
According to the Kvadroom Property Group, currently prices on real estate in Russia are so high that more and more Russians prefer to invest their money in buying property abroad.
The average cost of one square meter of housing in Moscow is now more than USD 5 000.
Whereas in the past many preferred to buy homes and apartments in Eastern Europe, Russian citizens are now also increasingly interested in Western European real estate.
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As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
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