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Bulgarians Rush to Buy Property in Greece

There has been a reported increase in Bulgarians who buy property, mostly houses, in Greece. The general financial crisis has mushroomed into a series of  crises in every sector and as a result, many Europeans are finding offers and buying houses in Greece. Moreover, due to the same reason, property prices in the country have decreased by almost 10% during the past six months.

TV channel BTV reported that more and more Bulgarians are buying holiday homes abroad. According to Bulgarian brokers, they show interest in Turkey and Austria, but demand is mostly in Greece.

As is expected, Bulgarians tend to buy property in northern Greece which is closer to them than in the Peloponnese area (southern Greece), for example. Consequently, they are attracted to the Chalkidiki peninsula which is a seaside region.

Bulgarians choose to buy houses in seaside areas. Due to the previous high prices in real estate, however, they were waiting for prices to drop in order to afford seaside houses for less.

Thessaloniki, Greece’s second biggest city, is one of Bulgaria’s favorite destinations and therefore, they have entered this market to buy their dream houses in neighboring Greece.

(Source: sofiaglobe)

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