US Ambassador Meets Russian Officials on Ukraine
The US Ambassador to Moscow, Lynne Tracy, visited Russia’s Foreign Ministry on February 11
The raging wildfires in the Moscow region are said to have a reflection on the demand of Russian buyers for Bulgarian real estate properties.
Residents of Moscow who are extending their stays in Bulgaria as a result of the environmental problems in Russia caused by the forest fires are increasingly eying Bulgarian properties, especially along the Black Sea coast, according to a report of a Bulgarian real estate agency cited by BTA.
The company’s report says that 83% of the Russian-speaking buyers of Bulgarian properties in 2009 came from Moscow.
The Russian customers are said to be paying an average of EUR 50 000 for a Bulgarian home preferring properties close to the beach with pools and potentially a spa center nearby.
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
Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly
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