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Finally decided to buy In Bulgaria

Discussion in 'Bulgaria Property' started by jason, Sep 2, 2006.

  1. jason

    jason New Member

    Hey Guys,
    I nearly bought property in Bulgaria earlier this year, but I declined because I feared that a slowdown in the UK would spill over to Spain, croatia, Bulgaria ... etc.
    At about Eur.900 per sq.meter, it looked cheap for a well-located new property, but when I checked build costs, I found that many builders can beat the price, and make money at maybe Eur.500-600 per sm. So I reckoned that these places will be built until the market is saturated and rents come down. I wasn?t sure how easy it would be to buy and flip.
    I have been watching some of the newly-quoted property vehicles that invest in Bulgaria. So last Friday, after watching for almost a year, I decided to take the plunge and buy. Any one else following these shares?
    Cheers
    Jason
     
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