According to research conducted by real estate Agency Newestate.bg, 60% of buyers of real estate on the black sea coast – Bulgarian citizens.
At the same time in first place among the sellers, the Russians that are leaving the market because of the deteriorating economic situation in their homeland. Western sanctions, the unstable exchange rate of the ruble, make the trip and maintenance of the property more expensive.
Besides the Bulgarian citizens, a large number of deals with resort real estate is also carried out by buyers from Western Europe, and Poland and Israel. The average check ranges from 15 000 to 25 00 euros.
High demand for property on the part of the Bulgarians due to the low price (300 euros – in the mountains, 400 Euro – to the sea), as well as availability of cheap mortgages.
For comparison, in 2016 the share of Bulgarians among the buyers of resort real estate was 40%.
Source:Investor.bg
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