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Romanians look for cheap properties in Bulgaria

Submitted on Wednesday, 5 August 2009One Comment

A large number of Romanians have decided to purchase real estate properties in Bulgaria or Hungary.

This has been announced by Adrian Sischin, regional director of the RE/MAX Romania real estate agency, as quoted by the Romanian newspaper Evenimentul Zilei.

According to Sischin, a number of well-off Romanians are going to take advantage of the declining real estate prices as a result of the global financial crisis.

Bulgaria attracts Romanian buyers primarily with vacation properties on the northern Bulgarian Black Sea coast, i.e. the region of the city of Varna. Where sea view apartments are reported to be on sale for about EUR 700-900 per square meter.

Another example of real estate property potentially attractive for Romanians is an apartment of 60 square meters in a residential complex with a pool for a total of EUR 51 000.

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One Comment »

  • Alexandru said:

    Yes that’s true Bulgaria and Hungary are lucrative markets for cheap prices and the quality in those two countries is good.

    Shame about Romania being so expensive with our properties. Hopefully that will change. Even with the drop of Property Prices in Bucharest, Cluj etc its still expensive.

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