Three Bulgarians Found Guilty of Espionage for Russia in the UK
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Bulgaria returns to the top 10 of the overseas property buying sites in 2019 in the UK aplaceinthesun.com rating platform, quoted by the newspaper "Bulgarian News". Bulgaria ranked ninth place in the chart preceded by Turkey, Florida, Cyprus, Italy, Greece, Portugal, France and Spain. Barbados, also a new country on the list, ranked the tenth place.
"It may be the European Union’s poorest country but Bulgaria is rich in property opportunities. Up to 10,000 UK citizens call this Balkan nation home. Many bought during the early noughties boom years when properties could be snapped up for bargain-basement prices. Developers along the country’s 230-mile Black Sea coast and high up in its emerging ski resorts went wild, snapping up seemingly every spare acre of land to build myriad apartment blocks." That's how the article "Time for a New Look at Bulgarian Properties in 2019?" published in aplaceinthesun.com begins. At the moment there are 2434 properties available in Bulgaria.
“A small percentage of British buyers are still looking to buy properties at bargain prices or purchase houses with the intention of moving to Bulgaria permanently,” says Ben Collins of Collins Estates, which specialises in the resale market along the Black Sea coast.
Interest in newly built properties is on the rise, driven by factors such as increasing prosperity
the last quarter of 2024, the proportion of properties purchased with mortgage loans in Bulgaria grew to 27%, or roughly every third property
The real estate market in Bulgaria experienced notable changes in 2024, with significant price increases and a rise in transaction volumes
Financial expert Kamen Kolchev has advised against investing in real estate, warning that property prices in Bulgaria could drop by up to 20% upon the country’s entry into the eurozone
Foreigners who invested in property in Bulgaria are now facing legal battles after discovering that their homes were sold without their knowledge
In recent months, sales of residential properties in Bulgaria’s major cities have risen sharply
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