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Russians Opt for Houses in Bulgaria instead of Spain

18 January 2007

Wealthy Russians are ready to substitute houses in Bulgaria for their mansions in Spain. They consider it a matter of prestige to invest in real estates in a EU member state.
In addition to the Englishmen, who often buy a second home in Bulgaria, people from Spain, Denmark, Lithuania, Latvia and Estonia also show interest in buying property in Bulgaria.

Real estate agents say that over fifty hotels and residential buildings are being built along Bulgaria’s northern seaside.
Holiday villages have been the building hit for a year now.

Source: Standart

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