Mar 092018
 

As a business that specialises in selling Bulgarian property we have been concerned by the recent European and U.S sanctions imposed on Russia.

Given the high level of activity in the Bulgarian property market by Russian buyers we were concerned that these sanctions would have negative effect. We are delighted to report to that we have not seen any negative fall out to date in the number of Russian Buyers travelling to Bulgaria, however we must note that the weakening Rouble is causing many Russian Buyers to seek discounts to compensate the cost of purchase.

The charts below demonstrate the fluctuations between the Rouble and the Euro since 2009.

average Russian Buyer needs approx 7% more Roubles to buy a Bulgarian property than they did during the same period of 2013. An example of this was a recent sale of two properties in Santa Marina in Sozopol where the purchasers requested a discount to allow them to complete the purchase. The discount agreed was 8% of the asking price as they needed to factor in the loss in value of the Rouble from when they had initially started to search for a property.

 

Despite the weakening Rouble the real proof of the strength of the Russian commitment to Bulgarian property was demonstrated during our recent auction where we sold 17 properties, with 15 of these going to Russian Buyers.

 

 


Our next Auctions will be on August 28th and October 2nd, please contact us if you would like to discuss placing your property for sale or if you require a catalogue of the properties that will be for sale.

 

Mar 092018
 

We are delighted to have another property sold in Sunset Resort Bulgaria. This property was sold within 2 months of coming on to our books proving that there are still high end buyers in Bulgaria.

The property itself received a large number of enquiries within days of being placed on the market and  was sale agreed within the first five viewings.

We still have a number of unsuccessful cash ready under bidders who are seeking a 2 bedroom apartment in Sunset Resort.

If you own a two bedroom property in Sunset Resort  similar to the property the below please contact us as we may have a buyer for you.

Click here to see our recent sales

Mar 092018
 

With the Ski season now fast approaching, property sales in Bansko have started to increase. According to recent surveys, Bankso is expecting its best Season since 2008 for tourism. This will also have a positive impact on property sales in Bankso.

Since the beginning of the downturn Bansko has struggled with the oversupply of properties for sale and rent. While the oversupply of properties for sale is set to continue into the future, the rental market is showing initial signs of recovery. The increased number of tourists along with owners spending time in their own properties has really added a sense of positivity to the area which is very welcome.

Our most recent sales Bansko were Oct 14th in Lucky Banskso and Oct 17th in Vihren Palace. The prices achieved were in the region of €500 per m2.

While these prices do most certainly represent a loss for the owners, the key point is that there is a market for properties in Bansko at the right price.

If you own a property in Bansko that you are considering bringing to the market for sale, please contact us and we will be happy to give you an accurate valuation of your property free of charge.

 

Mar 092018
 

With the Ski season now fast approaching, property sales in Bansko have started to increase. According to recent surveys, Bankso is expecting its best Season since 2008 for tourism. This will also have a positive impact on property sales in Bankso.

Since the beginning of the downturn Bansko has struggled with the oversupply of properties for sale and rent. While the oversupply of properties for sale is set to continue into the future, the rental market is showing initial signs of recovery. The increased number of tourists along with owners spending time in their own properties has really added a sense of positivity to the area which is very welcome.

Our most recent sales Bansko were Oct 14th in Lucky Banskso and Oct 17th in Vihren Palace. The prices achieved were in the region of €500 per m2.

While these prices do most certainly represent a loss for the owners, the key point is that there is a market for properties in Bansko at the right price.

If you own a property in Bansko that you are considering bringing to the market for sale, please contact us and we will be happy to give you an accurate valuation of your property free of charge.