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Bulgaria Still Top With Russian Investors

Reports state that Bulgaria is amongst the top 3 countries for the favourite destination to purchase property by Russian investors, following Spain and Turkey.

A preference for many Russian buyers is in Bulgaria, where both countries culture and language are similar.

Also with real estate prices have fallen significantly in Bulgaria over the past few years it is proving a good investment for Russian buyers.

Statistics state that up to 40% of investors are prepared to pay between 100 000 Euros - 250 000 Euros for a luxury property in the capital city of Sofia, or apartments along the Black Sea coast.

For many Russian buyers they choose to sell expensive property in their homeland, to finance property in Bulgaria and then intend to live comfortably through retirement.