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Hi I’m an agent myself (Bulgarian real estate: http://www.balkandreams.co.uk/ )and to be honest I have never asked anyone that question. However I have been asked the question and here is what I think is a good answer for the situation you described earlier on. If you know that you are looking at a property which is over your budget, you can say exactly what your budget is (or closer) and that you are looking at this particular one for a friend (probably good to take a pics ) and if you do decide to buy it, because you really like it, the agent will be well aware what you have and so will the owners.
You might be able to knock off a couple of grand this way, I don’t think there is any way possible to go as low as you were saying.Hi here is one idea: you can buy a property in Bulgaria (as prices are still low and so is renovation cost) for about 10,000 euros (close to the coast) renovate it and add a pool – about 20,000-25,000 Euro (using a company). And then sell it for 50,000Euros, so you make 20,000-25,000Euro is 3-4 months and in reality you don’t do anything yourself!
If you like the idea, http://www.balkandreams.co.uk/ has some of the cheapest properties.God luck with investing and be careful, as it is as easy to lose money on properties as it is to make.
Bulgarian Properties: http://www.balkandreams.co.uk/
[biggrin]Hi, I think it is possible to find good investment properties. I bought a house in Bulgaria (close to the coast) for 5000paunds last summer and 2months ago another house in Bulgaria for 1000paunds. You just have to look for them.
Hi, I’m 21 now. I opened my first company with my husband when I was 19 and now we are developing our second company (this time with my husband and my dad) which is real estate agency in Bulgaria(however me and my husband are in the UK). It has been going for a year and has seen a massive rise in prices through that time. I personally brought a house on the coast of Bulgaria last summer for 5000paunds, which is now worth over 20,000pounds. There are several hotels on the website as well – probably a better option for you, as you are looking to invest more. They start from 140,000Euro(less than 100,000punds) and if managed though a company can still give a good return. At the same time as Bulgaria is entering the EU in 2007 the rise in prices will be steep and an investment seems like a good idea at the moment. I’ll be going back to Bulgaria to purchase several more properties in April myself.
If you want to have a look at my company’s website its: http://www.balkandreams.co.uk/
