New clippings available again
Hello!
With all the goings-on in the financial world these days, the real estate people are just like everybody else – they have to put in their 2-cents worth! There are a number of new clippings posted on the clippings page in the website – 13 in the past two weeks, to be exact.
Three things come out of those clippings, as far as I can tell -
- The Bulgarian vacation spot real estate market is still in the doldroms, to say the least, but it kept out of complete disaster by the activity of the Russian and FSU buyers. The only problem (for the market) is that they are not interested in vacation apartments, they want luxury villas!
- The Bulgarian residential market is hotter than a firecracker! It’s the hottest market in Europe, and in the first half-year grew by over 32% year-on-year – the strongest real estate market in Europe! Much of this activity is being fuelled by Bulgarians working outside the country, and sending money back to be used in buying a new(er), larger, better family home.
- Nobody knows what the present financial crises in the USA are going to do to the Bulgarian real estate markets – some are saying that the markets are frozen – don’t do anything for at least 30 days – but this doesn’t phase the Russian-FSU buyers nor the ex-pat Bulgarians, and where there are buyers, there are sellers!
Hmmm, interesting times!
Read up, and let us know what you think!
Ciao for now,
Craig
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