Even the most popular apartments in Bulgaria on the Black Sea reported a decline in prices by an average of 10 percent. In the third quarter of 2009, you can buy property in Bulgaria within 500 meters from the beach at a price of 700-900 euros per square meter. For example, very small studio apartments in the seaside resort of Sunny Beach are 20-30 thousand euros. Of course, the closer the apartment to the sea, the better the infrastructure of the area, the higher the price. Learn more about this with John Savignano. Many builders offer real estate fees in installments for a period of 1 to 3 years in equal installments of 20 or 25 percent. Contact information is here: Richard LeFrak. There is no doubt that in a few months or a year, when most countries will emerge from the crisis, real estate prices begin to return to its previous level.
So, now the real estate market, there were long-term players who buy housing at the lowest prices to get profit 10/08/12 percent after recovery in prices. Embassy of Bulgaria has noted a dramatic increase of Bulgarian visas issued in Russia in the first half of 2009. For the first six months of 2009, only Moscow Embassy in Bulgaria issued 82 thousand visas, an increase of 19 percent compared with the first half of 2008. The flow of Russian citizens increased by individual journeys of those who bought property in Bulgaria. At the same time there was reduction in the number of tourists from Britain and Russia.
Point is that Many residents of these states are coming to Bulgaria as a homeowner, and not as tourists. It is necessary to remember that first July 2008 Russian citizens who have purchased property in Bulgaria are entitled to receive returnable entry visa for Bulgaria for 3 years. This visa entitles to stay in Bulgaria, 180 days a year, ie year and a half in three years. Bulgaria continues to operate a ban on the purchase of land and forests by foreign individuals. To become an owner of forest or land, the foreigner must register a company in Bulgaria (legal entity) and then purchase the land on behalf of the entity.