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Coastal Bulgarian property sales to Russians drops by 30%

Sales of Bulgarian coastal property to Russian citizens have dropped by 30% since the end of July, according to reports by the Bulgarian Nova TV channel. 

According to real estate brokers on the Black Sea coast, history is repeating itself as the tide of British buyers went out several years ago, suddenly interest from Russian buyers has dissipated and some owners are already trying to sell-up.

The main reasons, according to brokers, are the tensions between Russia and Ukraine and the wider availability of vacation destinations in Russia, especially in Sochi and the annexed Crimean peninsula. 

According to some Russian owners however, a major deterrent is the constant construction, which is reportedly unbearable.

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