British real estate magazines feature offers for rural houses in Bulgaria, even though just a year ago this branch of the market practically crumbled. The British citizens look for old, crumbling real estates for 4000-5000 EUR in the villages around Elhovo, Pleven and Montana. The prices around Burgas are still higher and this turns investors away, because they’re currently looking for the cheapest on the market. The renovated or new buildings are of no interest to them, explain brokers.

Compared to 5-6 years ago, when the main buyers were the elderly, now there are young customers. English citizens also make a comeback to the cheap vacation real estates priced at levels from 2003-2004. They seek neither luxury nor a good location. They just seek an apartment by the seaside for 20-25 thousand euro. They pay cash and demand that the real estates are completed. Apartments for 300-350 euro per square meter are abundant in the village Tankovo, just a kilometer away from Sunny beach. Sozopol is another popular destination for British tourists. Both investors and construction companies reconsidered their prices and profits and significantly lowered the prices of some estates in the locale Budjaka, which was a victim of intense real estate construction over the last few years.