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Overseas investors look for urban properties in Bulgaria

Overseas investors look for urban properties in Bulgaria

Individuals looking for property in Dobrich, Bulgaria, may be interested to hear that the country is seeing renewed attention from overseas investors seeking real estate in metropolitan areas.

According to Bulgarian news website Novite, a new study conducted by GreenLife has pointed to the revival, with apartments proving a popular choice.

However, investors are aiming to purchase only attractive and promising plots, whose owners want and need cash, which allows cheaper property to be purchased.

Because of the recent economic crisis and subsequent property crash in the country, many sellers are now conducting a thorough background check of the investor before signing the contract, including asking for bank guarantees, GreenLife claimed.

Real estate consultancy Address claimed earlier this year that the demand for smaller homes and apartments in Bulgaria could be set to grow this year.

The company claimed that studio flats are making up 34 per cent of its total sales and it predicted that because of the lack of supply of new, small properties demand will continue to rise.

Domaza - Properties

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