Greeks Conquer Bulgarian Property Market

True Greek invasion is happening in the moment on the property market in Bulgaria in the last two years, comments the Greek business edition ‘Imerisia', quoted by local Investor.bg.

There is an interest by constructional companies, mostly from North Greece, that build many residential complexes, trade centers and office buildings in Romania, Bulgaria, Croatia, Albania and recently in Macedonia.

All this is accompanied by individual investors that buy properties on cheap price, which give on loan after that or use for vacation.

Despite the considerable increase of prices of real estates in Bulgaria lately, the properties are still considered as cheap for the Greek purchasers.

The most demanded spots according to the Greek buyers are in Varna, Burgas and Bansko. The most expensive are along the Black Sea coast with prices between 2,300-2,700 EUR per sq m.

The real estates on local mountain resorts are between 570 and 590 EUR per sq m, but sometimes in the luxury mountain complexes prices may reach 2,500 EUR/sq m.international.ibox.bg