THE BLACK SEA ECHO: A Black Sea bolt hole - Sofia Echo
THE BLACK SEA ECHO: A Black Sea bolt holeSofia Echo, Bulgaria - Jun 20, 2008... market has enabled many Britons to cash in on the thriving market and purchase a second home abroad. Bulgaria’s emergence as a property hotspot, ... |
THE BLACK SEA ECHO: A Black Sea bolt hole - Sofia Echo Any unauthorised reproduction or use of it is strictly forbidden. Back in 2004, the villa cost him 62 000 euro. Basically, it had everything we were looking for.”Mark and his wife do not envisage a permanent move to Bulgaria – it will be too difficult to leave their family behind, although they do visit their villa for six weeks at a time. Chris chose to invest in Bulgaria because property was so inexpensive. Despite the recent fall in UK house prices, the previously buoyant property market has enabled many Britons to cash in on the thriving market and purchase a second home abroad. For the time being, Chris is happy enjoying his seasonal life here and has no plans to sell.Interestingly, those who have invested in holiday homes here have done so because they enjoy the country’s summer climate, its cheap cost of living and welcoming people. He brought a luxury four-bedroom villa and a communal swimming pool. He finds that owning his own holiday home works out cheaper than paying for hotels and meals. He has also seen his property bring in extra income as a holiday home let out to European tourists. He loves the weather here especially the summer, finds the cost of living exceptionally low, and the people extremely welcoming. However, her house doesn’t stand vacant for too long as her friends and relatives also holiday here. In the future Sue says she may sell the property and put the money towards her retirement, but she has no fixed plans. Interestingly, Chris shares Sue Calder’s view on the winter climate and this stops him from making a permanent move here, “I cann’t move here full time because I only like the sun and the winter gets far too cold,” he says. It got to the point where it never felt like we were on holiday, so we decided to sell up and come here,” he says. Many experts were also tipping it as bringing a good return on investment. Most have seen their property increase in value and most intend to sell in the future rather than make a permanent move out here with one of the deciding factors being – it’s simply too cold in winter! Neither is his Bulgarian bolt hole a long-term proposition; he’s likely to sell up within the next five years and put the money towards his retirement in England.Paul Russell lives in Hull and like Mark he purchased a luxury villa in Obrochishte. Originally, he thought he can earn an additional income from renting out the property, but as his disillusion with the UK grew, he decided to live in his villa for six months and enjoy the beautiful summer weather. Paul visits at least twice a year and lets his villa out to friends and family. Paul’s villa cost 100 000 euro and he views it as his retreat from his hectic UK lifestyle. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. She bought a luxury two-bedroom apartment with a communal pool in September 2006, for 60 000 euro in a small coastal village. She emphasises, however, that retirement to Bulgaria is not an option: “I can never live here full time because I cann’t deal with the winters.”Chris Jenkins from Oxbridge near London bought his holiday home in Bulgaria in 2004. Spurred on by a friend who had already bought in the same complex, Sue and her family decided to take a look and fell in love with the place. Sue’s property is limited to personal use and she visits twice a year. The property is Mark’s sanctuary away from everyday life, but it’s not his first foray into holiday home ownership, “We had a similar property in Spain, but the country became too built-up, and the crime got unbearable. While she doesn’t know what its value is today, she assumes that it has increased in price.
