Are foreigners selling the properties they bought before the crisis?
Yes, a lot of foreigners – mainly British and Irish are selling their properties holiday properties, rural properties, city properties, etc. Their decision to sell is most often a result of their need of money. What prices do they seek for their properties are they too high for the present situation or are they reasonable? There are sellers who want to get the price they have paid for their properties. But most of the foreign sellers understand that prices in Bulgaria are now much lower than before and are ready to sell at lower price to make a fast sale. The reason for that being that fast sales are made only at bargain prices. In comparison to Bulgarians foreigners are more flexible when it comes to negotiations and are willing to reduce the price in order to make the sale. They lack the sentiment which we Bulgarians feel when it comes to our properties. To what extent do the British manage to sell their properties in Bulgaria? Many of them manage to do so by selling at good prices a
Related Questions
- What fees, duties, and taxes will I need to pay when selling properties in Thailand? What can foreigners own in Thailand?
- Why shouldn’t banks look forward to selling out properties with small mortgages so they can make money on the sale?
- What are the taxation formalities while purchasing and selling properties?
