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Question about real estate in Bulgaria?

Discussion in 'BlackHat Lounge' started by Capo Dei Capi, Jan 16, 2015.

  1. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    I've seen that many apartments for rent and sale were priced in the ?. Since the ? has fallen 14% from a year ago and may go down to 1$ = 1?, does that mean that new listings will be priced for more, or is the Eurozone large enough for prices to remain stable.

    I know the older listings remain the same price, so they are even better deals then they were a few months ago, but I probably won't be able to purchase something for another few months.
     
  2. drako85

    drako85 Newbie

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    I am no expert but have traveled to Bulgaria a few times. It has been hit pretty hard with the eurozone, speculation is difficult with the Euro.
    I will give you an anecdote from Argentina, the currency rates jumps so frequently that people buy high end cars instead of keeping their money in their accounts. My opinion is that the cost will not rise in the next few months. People get paid the same salary, so it should be stable.
     
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  3. Haspel

    Haspel Power Member

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    The listing prices will remain the same. The bulgarian lev is tied to the euro or to be more specific 1.98 lev = 1 euro. Avoid buying real estate here during the summer espesialy near the sea since prices usually skyroket for forigners. Best time to purchase is during the winter months the market really slows down then.
     
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    Last edited: Jan 16, 2015
  4. dazk2002

    dazk2002 Power Member

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    I've lived in Bulgaria for 7 years and in that time I have seen property prices drop more than 50% in many areas. Houses in villages can be purchased for as little as 2000 euros. I used to live in a village house but when prices dropped on the coast I sold up and bought apartment there. There are some great bargains over here but hurry up because the Russians are still buying up everything.
     
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  5. I-marketer

    I-marketer Regular Member

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    I think nobody can answer your question. Exchange rate is sinking due to people's expectations about EU.
    But you should keep your money outside of EU and Bulgaria in particular. Haven't you heard that (ras)Putin has already taken Crimean peninsula and has lust for more?
     
  6. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Bulgaria is also a member of NATO so I have nothing to worry about, as for my money I could have it in a bank in any country in the world, so actual physical location of myself doesn't actually matter.
     
  7. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    There is still alot of good bargains on studio apartments which is what I'll probably get, since I don't need a family sized apartment or house, and prefer to be in a city with good internet.
     
  8. dazk2002

    dazk2002 Power Member

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    True, I've seen some brand new ones near me that are on the market for 22000 euros