Buy & Sell Bulgaria Insight Newsletter

By Christopher Violaris, BSc, MSc, PhD ( Econ)
Chairman of Eurolink Investment Group

INVESTMENT OPPORTUNITIES WITH EXCEPTIONAL RETURNS

There is no doubt that a huge amount of money has and is still being made in Bulgaria from the property market and property development. On the other hand a lot of money has been lost and a big number of people have been greatly disappointed. What shines, is not always gold and the same logic, not every purchase or investment in Bulgaria, will give you huge profits.

It is not widely known, but the estate agent’s profession is not regulated in Bulgaria and the easiest thing, is to hang a sign outside your door and call yourself an “estate agent”. In fact a recent survey showed that only 3% of the so-called “estate agents” had any qualification or professional knowledge relevant to the business. Choosing the company through which you are going to make your purchase or investment, is without doubt the most important thing in the whole chain. Your agent “can make you or brake you”! We strongly advise you to choose companies and agents with a long and proven presence in the market.

Very often you will come across to big and well known names in the industry and naturally you will have the tendency to entrust your business to them. Don’t unless you find out how long they are operating in Bulgaria and who is acting as their agent or representative. The rule in this case is to employ local staff that has no knowledge or experience and the chance of being mislead, not intentionally of course, is very big.

To be continued…