Secondary Property In Bulgaria - Cheaper, So Profitable

The situation in the secondary real estate market in Bulgaria is such that the British - owners of luxury apartments, quality apartments and houses, who want to sell their property in a short time, are forced to reduce its price. The Black Sea coast is becoming a place for Russians to buy quite cheap secondary housing, which is sold by the British. You can make such a deal with New Estate Bulgaria. The specialists of the company will render effective assistance in the profitable acquisition of secondary housing in Bulgaria.

It may seem suspicious that the British, almost to the detriment of themselves, get rid of their property in Bulgaria, where you can get a decent income from the investment.

According to estimates by SETimes specialists, in the first half of 2011, prices for secondary real estate in Bulgaria decreased by 5%, and for all time after the boom in the Bulgarian real estate market, when the British bought real estate, houses and apartments fell in price by half. The English sell their converted apartments, ready for living, equipped with the latest technology, furnished with fine furniture. What makes them abandon some of their funds, invested a little more recently in 2006-2008, and is there any kind of dirty trick here?

In fact, all this is explained very simply. The fact is that the goals and means of property buyers from the UK and Russian buyers are very different. The British acquired real estate in Bulgaria for investing funds and subsequently receiving income from the rental of this property. To make such a deal, the British took loans from banks to pledge their own homes in the UK, which they invested in real estate.

The global economic crisis corrected these investments, and it was not profitable to keep expensive apartments for the British. Those apartments and houses that were purchased for the purpose of generating income are sold for payment of loans and saving their own housing. And the English still keep apartments for families on the Black Sea coast to this day.

Russians, on the other hand, usually buy real estate in Bulgaria to rest for real money, so they are not constrained by debt obligations to anyone. Today, Russian buyers are offered not only apartments in resorts, but also simple houses and apartments. Therefore, the owners of secondary real estate in Bulgaria from the British can easily become a Russian family with an average income.