More Bulgarians buy modest vacation properties primarily on the southern coast
More Bulgarians became owners of modest holiday properties on the southern coast. This was announced to the media by Ivan Velikov, National Association "Properties".
According to him, the Russian citizens who invest their money in Bulgarian homes and holiday apartments are only about 11-12% of the buyers. The average price of transactions is around 30 to 35 thousand euro, and Russian buyers limit is 50 thousand dollars, explained Velkov.
According to him, during the summer season has reinforced the trend of increasing activity of the Bulgarian holiday property market. In his words, buy property settlements mainly on the southern coast, including farmhouses and plots, but with its own resources for its own needs. However more Bulgarians are predictable real customers purchase mostly relatively modest amount of property acquisition the highway and not in the big cities, and close to them Velkov said, adding that it is a rural houses, plots, apartments for short rest. In his words, the funds for the purchase are more by savings, not credit.
According to the President of the Regional Association of Real Estate in Pernik - Yordan Petrov, a smaller number of Bulgarians living abroad to invest in property in Bulgaria.
Fewer are guest workers who are on their way and shop for homes or relatives or to live in compared to previous years, he said. "It is good that the banks now compete to offer better conditions for granting loans, although Bulgarians learn lessons in years 2007-2008 and relates very cautious about lending and mortgage loans," said Petrov.
The National Association "Properties" expect movement on the market after August 20.
Source: http://bg-daily-news.eu