The Russian hot summer real estate market continues.It is second year of success for the Russian real estate market. Russian site dedicated that Bulgaria remains number one destination for Russianswilling to buy second homes abroad.
From early 2009 until the end of June 2010 Russians are buying apartments and houses worth 199 million Euros. It will not be exaggeration to say that the Russians after the British occupied the first place permanently as a foreign real estate investors in Bulgaria. For the first half of this year foreigners have invested a total of 98.5 million Euros in Bulgarian properties. Of these, almost half is for Russians - 45 million Euros. In general the Russian client comes in the summer to rest and to investigate the market. Usually after the end of the season they proceed to purchase. That’s why very strong months for the real estate marketare expected at the end of the year. The Russian market is better now than last year. New trend is a demand for quality urban properties with excellent location, especially in Varna and Burgas.