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The real estate here in Bulgaria may be a bubble too, although it hasn't bursted yet. Vacation properties' prices are already falling. Few people can afford to
by ntoshev 18y ago
The real estate here in Bulgaria may be a bubble too, although it hasn't bursted yet. Vacation properties' prices are already falling. Few people can afford to buy a place to live in Sofia. For those who can, quality is another problem. There are a lot of expectations connected with future better standard of living (result of entering EU) factored into the prices.
- kmt 18y agoI completely agree with you, which is not surprising since I am Bulgarian myself as well and I follow the news on a daily basis. In our case we were lucky because we acquired properties early enough, so we have substantial equity already without even risking to develop anything. Anyway, I think we are deviating from the topic and from the geek world in general. But it was nice of you to comment so I couldn't resist! Feel free to contact me personally, BTW, it'd be a pleasure to get in touch with you and share experience.