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Bulgaria's former Tsar and Prime Minister Simeon Saxe-Coburg and his sister Maria Luisa are selling the royal residence in the town of Banya, near the town of Karlovo in central Bulgaria.
The new was reported Monday by the Bulgarian Trud (Labor) daily.
The property is listed for sale on the website of the Russian real estate company "Rossiyskiy Auktsionnoy Dom" (Russian Auction Home), and its price is EUR 2.5 M. The ad states that a total of 9500 square meters of land with buildings with a total area of 1000 square meters are available for sale. It is noted that the house is a monument of culture and its facade cannot be changed. Listed advantages of the property include the adjacent park whose trees were planted personally by Simeon's father, Tsar Boris III, and the house being located near mineral springs.
The notice further states that the house is habitable, has staff and Simeon visits it often.
Other Bulgarian property is listed on the same Russian site, including part of the assets of the shipyard in Burgas, projects for resorts, as well as a former military airport, according to "Trud"
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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