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500,000 Russians own property in East Bulgaria

According to Consulate General of Russia in Bulgaria, 500,000 houses in the east of the country is owned by the Russians. Tells about news portal Bulgaria Novinite .

For 10 years, the Russians have invested about $ 2 billion in real estate in Bulgaria . Five Russians in 2014 became citizens of Bulgaria, to invest in the country BGN1 million ($ 580 000). Most Russians, temporarily or permanently residing in the regions of Varna, Dobrich, Shumen, Burgess, Sliven and Yambol are engaged in business, mainly related to tourism and real estate market. However, many acquire Bulgarian housing for permanent residence, and not just for a holiday. The Black Sea coast - a favorite place of buying property in Bulgaria with our fellow citizens. However, current market reports reported decreased activity of Russian buyers, including due to the ruble crisis.


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