Real estate market is most affected by the crisis in our country, Bourgas, Burgas
60% of newly built holiday homes in 2008 and 2009 remain unsold
Real estate market is most affected by the crisis in our country. For the second half of 2010 foreign investment in the sector amounted to 35 million. In the same period of 2007 investments decreased 20 times. Data reported by FIABCI Bulgaria - local branch of the World Federation of Real Estate Fiabci. According to data of the BNB foreign investment three years ago in our country in the segment were EUR 700 million. Since the beginning of the year recorded a decline of entrepreneurial activity, freezing most of the works and fall in prices.
"FIABCI Bulgaria" report yet, according to unofficial data that 60% of newly built holiday homes in 2008 and 2009 remain unsold.
Poor
infrastructure, delays in construction of highway Trakia and Struma are
the main reasons for the exodus of investors in the property market in
Bulgaria, considered by the federation.
Currently, potential buyers of real estate come from England, Ireland, Scandinavia and Russia. It is on the Russian market are focused by FIABCI Bulgaria. The
aim of the Bulgarian branch of the World Federation is to represent
objects, which it believes will be attractive to the Russian market
segments in the luxury property, residential property with a variety of
price ranges and facilities and other Black Sea resorts. Between
10 and 17 September "FIABCI Bulgaria will organize special
presentations and business tours for Russian investors in the North Sea.