Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Sales of Russian-owned real estate on Bulgaria's Black Sea coast remain frozen over war in Ukraine

Photo: BGNES

Real estate sales by Russian citizens in Bulgaria have been completely stopped and claims that Russians were selling cheaply their properties on the Black Sea coast are untrue, experts say. With the ban on bank transfers to Russia, as well as on transfers from Russian to Bulgarian bank accounts, such transactions can not be carried out.

There has been a steady trend since 2014 for Russians to withdraw from the real estate market in this country. According to real estate companies, after the annexation of Crimea and Vladimir Putin's call on government officials to refrain from buying property in Bulgaria, the first wave of sales of Russian apartments by the sea started.

The pandemic crisis, inflation and the collapse of the Russian ruble made the trend grow, as life in Bulgaria proved too expensive for Russian citizens.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

GERB-SDS and There Is Such a People will work on a common legislative programme

The first political force in Parliament, GERB-SDS, met today with There Is Such a People within the frameworks of the negotiations to form a government.  The participants in the meeting agreed to work on drafting a joint legislative program. A..

published on 12/19/24 5:15 PM
We Continue the Change Co-chairman Assen Vassilev

Assen Vassilev calls for an extension of the 2024 budget

We Continue the Change Co-chairman Assen Vassilev called on the caretaker cabinet to urgently introduce a bill to extend the validity of the state budget for 2024.  According to him, if such a bill is not adopted by the end of the year, the normal..

published on 12/19/24 4:53 PM

Constitutional Court to decide whether the amendments to the Constitution are admissible

The Constitutional Court has admitted for consideration the issue of the admissibility of the amendments to the Constitution introduced at the end of 2023. The Court will again discuss whether the changes related to the procedure for..

published on 12/19/24 4:45 PM