FT: Russians Find Bulgaria Good Place to Buy Second Home

Business | November 30, 2014, Sunday // 21:50| Views: | Comments: 12
Bulgaria: FT: Russians Find Bulgaria Good Place to Buy Second Home

Bulgaria has become a popular destination for middle-class Russians to buy a second home, the Financial Times wrote on Sunday.

With long-term residence permits easy to obtain, an estimated 400,000 Russians currently own properties in Bulgaria and a growing number are becoming year-round residents, FT's Kerin Hope quoted Mihail Chobanov, head of a Bulgarian real estate agency, as saying.

Another benefits of Bulgarian residency for Russian nationals include easier travel elsewhere in the European Union as well as obtaining a degree at a Bulgarian university as a first step to qualifying for a job in western Europe or the US, the article said.

Deutsche Welle reported in June that Russian citizens own 300,000 properties in Bulgaria, having invested around EUR 18 B.

 

 

 

Business » Be a reporter: Write and send your article
Tags: Financial Times, property, properties, Russia, Bulgaria
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (12)
#12
Warfou - 1 Dec 2014 // 22:59:28

I don't think that the Islamic State are a real danger to Bulgaria. They can expand only where they can find enough support among the local population. And this criterium is met only by very traditional islamic societies with a low level of education. Countries such as Greece or Bulgaria are clearly Christian and European by both nature and tradition, and everything they inherited from the Ottomans were some tasty food and music.

#11
Optimistic - 1 Dec 2014 // 22:38:22

Robert some of my friends are Kurds. They are the main people fighting IS and I follow what is happening.

IS Isalmic state are the most brutal regime seen since Nazi Germany and Turkey is facilitating IS and hindering the Kurds.

Saudia Arabia finances IS.

If Bulgaria was invaded by IS then NATO would bomb them that is clear but I dont think NATo would put boots on the ground.

I do think if the Jihadists attacked Bulgaria then Russia would put boots on the ground, tanks and lots of grad missile launchers and Russia working with Bulgaria would send the jihadists to hell.

It is only hypotetical but I think NATO and Russia should work with the Kurds in fighting IS, the Kurds and Russia have long historical links and Russia NATO and the Kurds working together would send IS to hell.

#10
Robert Wolf - 1 Dec 2014 // 21:36:05

Optimistic, you pose an interesting and hopefully hypothetical question; it depends on what Turkey might or might not do as they're something like 76 Million majority Muslims. If you saw what they did in Northern Cyprus in 74 then, it might give reason for concern. I don't want to end up in an Orange Boiler suit with my head being cut off on You Tube so I monitor the Syrian/Kurdish/Turkish/IS situation as closely as I can. I live in South East Bulgaria and on the route (give or take 50 miles) where Middle Eastern refugees are on the run aiming for Serbia or the Danube crossings into Romania. I never lock my doors, but there again, I have 7 dogs to warn me if someone is about on the very edge of a dying village.

As for the Russians; I fear the West is pushing them too far; if you starve folk then, they will got looking for food. Russian wouldn't need to invade Bulgaria which would be a pushover anyway, they'd just make an agreement with Bulgaria who have a habit and history of choosing the wrong side. Seeing as Russia eventually kicked me out, I ain't got no friends on either side of the divide. wink

#9
Robert Wolf - 1 Dec 2014 // 21:22:53

Fester, I don't know why you should think me a Russian Troll - I always thought that they were Norwegian albeit, I did live and work in Russia for 15 years plus a couple during the time of the Soviet Union so I might have a little better insight into what they're all about.

Plus, I do know a lot about the rights of Non EU Citizens married to EU citizens like myself as I had to drag Bulgaria through the SOLVIT system on two occasions already to to win both cases to get them to agree to her rights under the EU Directives. What I have achieve will assist other Non-EU Family Members of EU Citizens in the future and they won't have to go through the drawn-out battles I did.

Still fighting the UK though for the right to visit with my Wife without having to pay through the nose for a visa, but they're a hard nut to crack as the queue for a fight on so many digressions of EU Directives is very long and likely to get longer.

#8
Optimistic - 1 Dec 2014 // 21:17:25

To Fester Robert is not a Russian troll judging by his posts he is probably originally from Ireland and he is knowlegeable about the challenges in moving to Bulgaria.

Robert you pose an interesting question if both the jihadists and the Russians were to invade who would win.

Bulgaria would side with the Russians and beat the jihadists that would be Bulgarian history repeating itself.

#7
Fester - 1 Dec 2014 // 18:55:58

Robert,

Stop the propaganda bro, it's clear you're a Russian troll. You seem to know the visa categories for Russian citizens better than Bulgaria's border police. LOL.

#6
Robert Wolf - 1 Dec 2014 // 18:37:22

Well, it is nice to know that us Brits and Irish will not be held totally responsible for pushing up property prices on and near to the Black Sea albeit, there are a few of them now buying the usual tumbledown over-priced rebuild projects that we Brits usually bought. LOL.

Actually, I know a few Middle Class Russians that are on Type D Visas and live here more or less permanently; they don't have huge wallets of cash and are unassuming and polite unlike some of them in the richer walled compounds of Varna and Ravda etc. Horses for courses I guess.

Should Bulgaria be invaded then I do wonder who will get here first, the Russians or the Islamic Fundamentalists.

#5
Thunderstorm - 1 Dec 2014 // 15:46:55

Actually, Russians FOUND Bulgaria as a place to by holiday homes. Soon they won't afford anything but a grey recycled toilet paper. Thank your comrade Putin.

#4
sa-sha - 1 Dec 2014 // 12:34:41

"EVERYTHING Russian is black"---oh yes, and №1 in the list is Barak Obama ;-) Special thanks to the author.
--------------------------------------------------------
To see the mythical "Russian threat" and not to see the Turkish one? Seedy-the-Clown.

#3
Seedy - 1 Dec 2014 // 08:30:06

O-AP, you clearly haven't noticed that EVERYTHING Russian is black....but the world doesn't need a return to the Dark Ages, even if that would be progress for Russia.

#2
Optimistic - 1 Dec 2014 // 08:23:01

Seedy yes this is a great idea of yours.

And make the Black Sea Russian.

#1
Seedy - 1 Dec 2014 // 06:44:00

And soon they will be asking kindly Uncle Vlad to "protect" them from the fascist Bulgarians and a convenient "local militia" will miraculously materialise with arms and uniforms supplied by the Army Surplus stores we see on every corner here. Liberation won't be long now, Comrades, and another step will have been taken to re-establish the glorious USSR...

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria