Need to sell apartment in Bulgaria...advice please.

itsgottogetbetter

Hi All

I have an apartment that I urgently need to sell due to financial situation (same for most people I know!)

Its a good location etc, reputable builder etc all paid for and block is complete and up and running.

Does anyone have any ideas or suggestions on how best to sell. I have it n with a couple of websites and with one agent in the resort. I have even tried ebay...

Any advice gratefully recieved....Thank you.

ILW

Have you priced it realistically?

itsgottogetbetter

Yes ...very! its up for under 30k euros. I have already dropped 5k!

GDB2222

Do you have a link?

itsgottogetbetter

Have pm'd you.

googler

"listed with an agent in the resort"

What might happen if you listed it with an agent working outwith the resort? How did you buy it originally? From a developer, via an agent in the resort, or via a non-resort agent?

googler

Which websites is it on?

Do you know if the websites are getting much traffic? Do you know if your individual listing is getting much traffic?

Trollfever

List it on eBay.co.uk together with the 21,422 other Bulgarian properties.

http://property.shop.ebay.co.uk/i.html?_nkw=bulgaria&_sacat=1607&_trksid=p3286.m270.l1311&_dmpt=UK_HG_Property_RL&_odkw=&_osacat=1607

GDB2222

Trollfever wrote: »

List it on eBay.co.uk together with the 21,422 other Bulgarian properties.

http://property.shop.ebay.co.uk/i.html?_nkw=bulgaria&_sacat=1607&_trksid=p3286.m270.l1311&_dmpt=UK_HG_Property_RL&_odkw=&_osacat=1607

The problem is that a false market has been created in Bulgaria. Most inhabitants earn little by UK standards, and could not afford these properties where prices have been bid up by tourists.

On the other hand, this is a modern apartment in a ski resort for under £30,000, and there is a lot of international demand from people who want to go skiing.

itsgottogetbetter

Its now going on rightmove and buyaproperty..

I know that the market is saturated with properties.

I bought it off plan a couple of years ago but the block has now been completed and has a well known bar and ski school attached.

I just need to sell it as my personal situation has changed dramatically!

Am not sure if its allowed on this forum but does can anyone PM with good agents over there?

Thank you....

Trollfever

Holiday homes mortgage trap

By Claer Barrett
Published: August 28 2009 19:05 | Last updated: August 28 2009 19:05

Thousands of UK investors who were tempted into the foreign property markets of Dubai and Bulgaria may never be able to sell out or refinance, following the withdrawal of domestic mortgage products.
New research by Investors Chronicle, reveals that the subsequent lack of liquidity in these markets has caused prices to slump by as much as 75 per cent.

http://www.ft.com/cms/s/2/344bcab2-93fd-11de-9c57-00144feabdc0.html