Bulgarian property repossessions and short salesProperties listed on this page have either been officially repossessed or are offered by motivated sellers for at least less than 40% of the current market price. Whether you are looking for a holiday home or investment in the Bulgarian mountains, these offers should be your first consideration.
Bulgaria has a very wide investor base, ranging from Russians, Arabs and Western Europeans. Property prices and cost of living is still among the lowest in Europe, this limits the downside risk of property investment.
Repossessions are happening in Bulgaria but not mainly by Bulgarians. It is UK owners in particular who are having to sell as their economy tanks. Skipropertybg.com is receiving instructions to sell property at even below build cost. This represents an obvious opportunity to investors.
You are not buying repossessed property in a weak and falling market like the UK but in one of Europe's strongest and most broadly based markets, Bulgaria.
Ref. No SO732
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Description of Property
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Sofia Apartments!
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Well priced flats in sought after Simeonovo district of Sofia! The Simeonovo district of Sofia is currently being targeted for development with ski facilities to be built close by. This particular area of Sofia is on the slopes of Mount Vitosha, Sofia's most prominent mountain. An apartment here is an ideal mix of leisure and city life with the city centre close by. Already, Simeonovo is the area of choice for Bulgarian celebrities, politicians and those wanting city amenities but a cleaner mountain environment. ...
Price in Euros (Selling Price):
102,210 |
Price in pounds:
87,989 |
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