Seventy four British citizens stormed on Wednesday into an apartment complex in the Bulgarian ski resort of Bansko, saying this is the only way to gain access to what they say is their property.
Scores of British people have, over the past two years, paid out large sums of money - estimated in millions of pounds sterling - on family housing in the Four Seasons complex in the town.
However, they have not been able to take possession of their property, because it has been sold on to a third party....
WHen will these Brits ever learn:
Rule #1: Never buy an off plan development in a foreign country unless you love to gamble your life savings.
Rule#2: IF you do want to buy something-buy the finished product at the higher price or used fixer upper...then at least u have something of value.
All the pyramid schemes are coming apart. One assumes that there are 3 failed complexes somewhere, built from the revenue from a partly successful one. Perhaps one Greek bank will end up owning a lot of worthless concrete, bailed out by the Germans and the French, while the banksters enjoy their bonus relaxing on a pleasant beach somewhere :-).
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan