The Foreigners Buy Properties In A Mass By Internet

The foreigners buy properties in a mass by Internet

Article Date : 29 December 2005
News Section: Bulgaria

The interest is mainly in Varna and the North Black Sea . The largest number of foreign customers in the Bulgarian property market is attained by Internet. Around 83% of all realized deals through “Address Real Estate” - one of the biggest real estate agencies in Bulgaria - are after contacts by Internet, say by the company. During 2005 19.19 % of the customers are foreigners. 78% of them has bought a property in Varna. The second place, according to the interest, takes Sofia, but hardly 9% of the customers are foreigners. The third place takes South Black Sea with 8%, and the houses within the country – 5%. The inquiries by the foreigners without purchase have the same trends. According to the requested interest, 86% of all are mainly holiday properties – apartments in the compounds and one-family houses at first row of the seashore or very close to the coat line. And the interest is directed toward Varna. 14% from the calls and requests are about properties in the big cities. Every fourth of the people ask for a property in Sofia. Mainly about a luxury property in elite quarter, that can be rented for benefits. “Address” foresees that transactions with this kind of properties will increase constantly, as the percentage will increase lightly within next years. The company foresees a transition from the purchases of the classical holiday properties. Gradually, the last will give up their place to the apartments in elite regions or small houses in the suburbs of the big cities. Effective sources for properties advertisement in Bulgaria are the trade exhibitions and the activity of our overseas embassies, assert the property experts.

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Article created on behalf of Propertyshowrooms.com News Desk (http://www.propertyshowrooms.com/news/)

The foreigners buy properties in a mass by Internet

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