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Russians Pay 250 000 Euro for Real Estates

Date: 06.06.2011

Bulgaria is one of the three best preferred property-purchase destinations for Russians in the world. The other two countries are Turkey and Spain. More than a half of the polled in International Residence magazine plan to obtain a real estate in one of these countries. According to a public opinion survey, over 40 % of the Russians are ready to pay between 100 000 and 250 000 euro for the purpose which may buy them a luxury home of more than 100 sq m in Sofia or a couple of holiday residences at the Black Sea coasr where real estate prices have significantly dropped.

Not a few of the Russians plan to spend their retirement in Bulgaria. They sell expensive estates in Russia to buy the considerably cheaper holiday homes or village houses in Bulgaria and live comfortably after their prime. But the cheaper estates, Russians favour Bulgaria for the kindred language and culture. Not by chance for long Bulgaria has been on top of charts in the Russian site for real estates abroad.

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