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The interest of investors towards small vacation property that lacks extras and good infrastructure has decreased, Dnevnik daily reported.
Prices in the sector are decreasing and the tendency is expected to continue. Major vacation complexes attract the majority of investors since they offer numerous facilities and sports opportunities, real estate agents said.
Investors are unwilling to purchase before project completion since most would like to see the finalized product before buying.
Foreign investor tendencies have also changed. UK buyers almost entirely lost interest in Bulgaria while increasing number of Russians are purchasing in the country.
The falling prices have caused other problems. Owners cannot achieve the expected return rate which was said to be eight to 10 percent. Currently, it reaches only three to five percent.
Prices in the sector are decreasing and the tendency is expected to continue. Major vacation complexes attract the majority of investors since they offer numerous facilities and sports opportunities, real estate agents said.
Investors are unwilling to purchase before project completion since most would like to see the finalized product before buying.
Foreign investor tendencies have also changed. UK buyers almost entirely lost interest in Bulgaria while increasing number of Russians are purchasing in the country.
The falling prices have caused other problems. Owners cannot achieve the expected return rate which was said to be eight to 10 percent. Currently, it reaches only three to five percent.
