Bulgaria is very attractive to Russian buyers as a result of a whole set of factors – the proximity of language, culture and mentality, friendly attitude, pleasant warm climate, predictable political and economic situation. The above moments favors not only sales of Bulgarian real estate, but also investment in this segment. In the second half of the year, it is expected to put up for the sale of objects that were purchased for investment purposes, thus, the real estate market will be replenished with secondary housing, not only urban, but also resort real estate. The secondary housing market is conditionally divided into three types of apartments: apartments of building a period of socialism, cheap apartments of low -quality construction and apartment apartments are not able to fulfill their financial obligations to developers or banks.
In general, in Bulgaria there are few secondary market objects. It is believed that in most cases this is not a very convenient investment. Although, this is an excellent option for those who experience financial difficulties, as it provides an opportunity to buy relatively high -quality housing at a lower price. An important point of secondary market objects is the presence of an already issued act 16 and permission to use. Therefore, besides the fact that this housing is ready for living, the presence of an act 16 allows the Russians to draw up long Bulgarian visas and residence permit. The main problem when buying secondary market apartments is a legal verification of their “cleanliness”. If, when buying from the developer, it is enough to know the company’s EIC and receive information about the burden of the apartment in court, then when buying the so -called “secondary”, in addition, it is also necessary to find out legal issues related to family or hereditary right, which cannot be done without a qualified lawyer. The need for repair also calls into question the feasibility of buying secondary housing – after all, in this case there is no way to “go and live” – in most cases it is necessary to do repair. One of the advantages of the “secondary” is that mortgage loans for their acquisition is easier to “use” housing, as a rule, have already been built and ready for residence, and sometimes furnished. But still, it is much more profitable to purchase an apartment in the new residential complex under construction or already built, since the developer himself is directly responsible for the quality of real estate you have bought, with whom the contract is concluded, and not the former owner with whom relations are terminated immediately after signing the transaction documents are terminated.