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Russians Pay 100,000 Euro for Flat in Bulgaria

Date: 25.08.2006

Russians are ready to pay up to 100 000 euro for a luxurious flat in the seaside or mountain resorts of Bulgaria, real estate agents said.

The most serious buyers of real estates in Bulgaria's holiday villages are Englishmen. Irishmen and Scandinavians. They pay up to 50 000 for an apartment. Most of these foreigners buy real estates in Bulgaria because they hope to make profit from selling them or letting them out for rent.

Some real estates have also been sold to Romanian citizens," said Dimitar Savov, CEO of Bulgarian Land Development.

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