90% of the buyers of vacation properties in Bulgaria are Russians. This was announced today in Sozopol by Nikolay Pehlivanov, the executive director of the investment company Green Life.
Clients of Bulgarian property no longer come from Moscow and Saint Petersburg, but from other regions in Russia as well. They prefer big vacation properties near the beach with a well developed infrastructure.
The weak tourist season influenced the Bulgarian vacation real estate market in Bulgaria negatively. The levels of return this year are between 3 and 5% when the expected was 10% and the realized is 7% in the previous year, representatives of Green Life claim.
The English-speaking clients retreated from the market because of their inability to pay their credits and the financial crisis in Great Britain. Green Life predicts a retreat of profiteers from the market.
Experts claim that the prevailing vacation home search is for big properties and more scalable land terrains. The prices of big complexes will continue to increase, the company predicts.
by Stefan Nikolov