[canada dry]

Bulgarian ski and beach resort properties though still cheap are not necessarilly the best investment in Bulgaria. Some places like Plovdiv are often overlooked. This is a really lovely town, even if you dont buy anything there it is a great place to visit. It is often referred to as Bulgaria's Rome with its old rman ampitheatres, stadiums and roads, many of which are still remarkably intact. I think a place like this has a great future, especially when thinking of cultural tourism.
http://www.hiday.net...html?newsid=398

[catara]

canada dry, on May 26 2009, 01:45 PM, said:

Bulgarian ski and beach resort properties though still cheap are not necessarilly the best investment in Bulgaria. Some places like Plovdiv are often overlooked. This is a really lovely town, even if you dont buy anything there it is a great place to visit. It is often referred to as Bulgaria's Rome with its old rman ampitheatres, stadiums and roads, many of which are still remarkably intact. I think a place like this has a great future, especially when thinking of cultural tourism.
http://www.hiday.net...html?newsid=398

£60K an apartment in Plovdiv?

From other sites:

"In a town like Plovdiv there are more than 800 realestate agencies, more than 7000 properties are for sale or rent and numbers are constantly increasing. A few hundred people have bought new property last year and very few Brits.The lies are allowed to keep on, in hope of ripping off another few buyers."

[helenreed]

The name does not do very much for me somehow. Maybe it's me.

[canada dry]

60 000 is for an a apartment in one of the central areas. A one bedroom apartment without a garage you can get for as little as 30 000 euro. The advantage of staying in a place like Plovdiv is it has all the advantages of places like Paris and Rome, only difference, it is a hell of a lot cheaper!

[catara]

canada dry, on May 27 2009, 01:08 PM, said:

advantage of staying in a place like Plovdiv is it has all the advantages of places like Paris and Rome, only difference, it is a hell of a lot cheaper!

OK!

[London Bus]

catara, on May 27 2009, 04:15 PM, said:

OK!

Just been staying in Plovdiv and it really is a lovely place! There is some good pictures and information about not only Plovdiv but Bulgaria as well here http://www.hiday.net...html?newsid=398

[forestfire]

Great to see that canadadry has got an alternative user name. Now he/she/it can have conversations with himself and keep on plugging that second rate website. Ingenious.

[RibbleValleyRover]

Been to Plovdiv, and it is indeed a wonderful old town, bags of history, well worth a visit.

As an investment? Not a chance, unless of course you speak the lingo, have mafia connections or are determined to lose money.

These places are dirt cheap to visit, what exactly is the investment angle?

Same goes for the rest of Bulgaria.Lovely people, but the place has a dark side. Holidays only.

[righttoleech]

But Canadadry likens Plovdiv to Paris! Are there racecourses like Auteuil and Longchamp where I could wager the heavy gains made on Plovdiv real estate to wade waist deep in filthy lucre.

[righttoleech]

righttoleech, on Jun 3 2009, 09:15 PM, said:

But Canadadry likens Plovdiv to Paris! Are there racecourses like Auteuil and Longchamp where I could wager the heavy gains made on Plovdiv real estate to wade waist deep in filthy lucre.

My mistake.....I was quoting the honorable Catara......apologies Canadadry

[thod]

I suspect people become desperate when they have bought something with an idea to appreciation only to find the asset walked south instead and begin to seek to offload it to a greater fool.

Plovdiv, the Paris of Bulgaria eh? 99.9% of people are going to say "where?", heck 90% of them are going to say "where is Bulgaria?". Lets consider the facts, Bulgaria has been heavily overbuilt to supply apartments to overseas investors. It was cheap after the fall of communism and you get pick up houses for peanuts. As the 'investors' came in, that cheapness vanished, leaving only the reputation for cheapness.

Now we see people saying 60k for an apartment in a no-name town is reasonable. Yet its a princely sum for a local. The only people who will pay this are other overseas investors in the the greater fool theory. Well those that paid this find themselves the greatest fool and end up holding the baby. That amount of money will buy you an apartment in civilized Europe, anywhere but the overpriced UK. Bulgaria is run by the mafia and selling overpriced and under spec apartments is a great way for them to make money.

The thing about the rich is that they have, above all else, an eye for value. I can see no value at these prices, there is not the scope for further price appreciation. The smart investors will be buying in the cheap places, the ones you have not heard of yet. Bulgaria is a 15 year old story.

[canada dry]

forestfire, on Jun 3 2009, 04:17 PM, said:

Great to see that canadadry has got an alternative user name. Now he/she/it can have conversations with himself and keep on plugging that second rate website. Ingenious.

Thankyou Forestfire for your incisive comments. They are so good that I have copied them and am at present reading them whilst on the toilet. Right now they are behind me!

[mikeymadman]

Why the hell do people keep coming here to plug shltty foreign "investments"? And why do they always use an identical formula? I suppose the person who is normally sceptical and doesn't usually go in for these kind of investments will be along shortly to announce that they have looked into this closely and that it's kosher?

Haven't any of you heard of Singing Pig? Go and shlt your spam on their forum! They might even enjoy it?

[Peter Hun]

mikeymadman, on Jun 5 2009, 12:40 AM, said:

Why the hell do people keep coming here to plug shltty foreign "investments"? And why do they always use an identical formula?

They were stupid enough to buy in Bulgaria, so stupid enough to believe that it will work.

[damascene]

sorry but I spent a few days in Plovdiv a year ago and thought it was a miserable place. The Roman amphitheatre is tiny and surrounded by concrete and the ruins at the top of the hill were non-descript. The old town was pleasant but not much of it. I much preferred Veliko Tarnovo. We came across quite a few Brits in both places looking at houses and were surprised to find English Estate Agents 'as seen on A Place in the Sun' all over the place. But personally I would avoid I cant see a flood of UK second-homers - just too risky