Golden Sands Apartments for sale

Construction of new residential real estate has decelerated drastically, according to data released by the National Statistics Institute NSI, published on June 3.

Varnas new court house, a lingering concept since 1937, and which commenced construction on four occasions in the past 72 years, will finally be constructed.

Bulgaria is regaining its popularity with British real estate buyers, according to the first quarter results of major UK portal Property Abroad. Bulgaria became a preferred destination during the real estate boom, but credit crunch in 2008 and the sudden oversupply on the local market have altered market dynamics.

In our experience, about 20 per cent of property deals fall through. This can be for various reasons, such as the seller changing their mind or there being legal problems or a bad survey. It is always worthwhile when house hunting in Bulgaria to bear this in mind and have a second-option property to buy. It will also help with the negotiations for your preferred house.