Russian are looking to buy luxury properties in Bulgaria

---

They are willing to invest at prices of up to 100 000 euros for a property in Bulgaria

According to the Bulgarian Embassy in Russia, which summarizes the data from a consular post in the summer of 2011 greatly increased the flow of Russian tourists in Bulgaria.
In the first quarter of this year were filed with 50% more applications for visas from the same period last year. Obviously, Bulgaria is an attractive destination for Russian tourists, and this gives a positive outlook for the real estate market in the country.
What is the attractiveness of the luxury real estates in Bulgaria, and what are the benefits of their purchase? What is the potential for the market development of houses in Bulgaria? For many home buyers, Bulgaria is related with real estates of Economy class. The largest part of the real estate market in the country has this particular segment. The offers for luxury homes are still relatively small. For Russians, Bulgaria is close in spirit and way of life. It has everything you need for a carefree life - the sea, mountains and wonderful climate, cultural and historical values.
More demanding Russian buyers are disappointed by the "cheap" apartment in the complexes and they are looking for closed-type infrastructure, with efficient management, because they do not live year round in their property. In such complexes, many apartments are sold, hence the prices are higher.
The cultural and historical resources, clean beaches and relatively good infrastructure - all of this creates an ideal environment for relaxation. What is needed, the apartment owners do not have to worry about the property, because he will always be safe and under strict supervision.

The economic crisis and high levels of taxation in Greece, the crisis in the construction and the high price of the real estate in Spain, Italy and Croatia to significantly limit the Russians in the demand for property abroad. The main contingents of buyers are willing to invest around 100-200 euro. By this amount for most countries you can buy a home of economic class. In Bulgaria you can buy a luxury property. And while taxes, airfare, visa and property insurance are lower.
In the past two years the property prices in Bulgaria have decreased significantly, but at the end of 2010 the market has stabilized. And in 2011, it is expected property prices to rise by 5-10%.
In the 8 of June, the European Parliament adopted the report of the Portuguese MEP Carlos Coelho for technical readiness of Bulgaria to join the Schengen zone. Despite the fact that the final decision will be made in autumn, it is a good signal. Entry into the Schengen zone will increase the number of real estate transactions and to higher prices of real estates in Bulgaria. The advantage is that homeowners and their families can obtain a visa to the Schengen area, which gives the right to move freely throughout Europe.
In this situation, the Russian buyers and investors can go to the traditional and familiar, secure and stable markets in Southern Europe such as Bulgaria