International Residence magazine also conducted a survey of 499 potential Russian overseas property buyers and discovered that 49% planned to buy in the next 12 months, 66% were looking for apartments, and 53% were buying for lifestyle reasons compared to 12% looking to make an investment.
|"From Russia with love.......to Bulgaria"|
The survey also found that 40% of buyers were looking to spend between €100,000 and €250,000. International Residence also estimates that the Russian market is now worth $12 billion per year to the global overseas property industry.
Whilst Russians have generally been showing interest and buying on the Black Sea coast and in and around Sofia, Veliko Tarnovo and the surrounding region is now firmly on their radar.
|"Large historic renovated houses in Bulgaria are becoming popular with Russian buyers"|
The historic quality and luxurious renovated Bulgarian Houses are of particular interest and real estate in Bulgaria agents are looking forward to this interest developing during the coming months of 2012.