Monday, 27 February 2012

Houses in Bulgaria and Russian Buyers are growing!

Bulgaria is firmly established as one of the most popular destinations for Russian overseas property buyers says a recent piece of research conducted at a Moscow property show in 2011. Spain came first and Germany third.

International Residence magazine also conducted a survey of 499 potential Russian overseas property buyers and discovered that 49% planned to buy in 2012, 66% were looking for apartments, and 53% were buying for lifestyle reasons compared to 12% looking to make an investment.

From Russia with 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 are becoming popular with Russian buyers 

The historic quality and luxurious renovated Bulgarian Houses are of particular interest and Yantra Homes looks forward to this interest developing during 2012.


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