Bulgaria Nightmare!

Rodin

Aah the development featured on 'Watchdog'?
Is the apartment finished, furnished and are all services working?

sammyh82

Thats the one! & yes my apartment is finished & furnished but no services working.

mynameisdave

There is a huge thread about (?)Amundsen(?) On the House Buying board. Might be worth taking a couple of hours to read through it

https://forums.moneysavingexpert.com/discussion/1221503

Not sure if it is relavent, its 1300 replies and doesnt apply to me so not sure exactly what is covered in it but it does relate to problems of getting an apartment completed in Bulgaria. I am sure there must be some useful nuggets in their somewhere.

When_is_the_reset?

You want some solid advice?

Get yourself one of these, go back to 2003 change some of the decisions you made...



I think you can rent them so it shouldn't cost too much.

You could also go back and stop being stroppy to other people on here.

sammyh82

When_is_the_reset? wrote: »

You want some solid advice?

Get yourself one of these, go back to 2003 change some of the decisions you made...



You could also go back and stop being stroppy to other people on here.

I would love to be able to do that, perhaps in the future this may be possible.
& as for the comment about being stroppy, when someone tells me I made a 'mistake' buying in Bulgaria that isn't at all helpful is it???? thats not why I started this thread so I think I have every reason to get a bit stroppy when some 'know it all' tells me I shouldn't have brought off plan in Bulgaria :T

Rodin

I do have some sympathy for those who are having problems with their property purchase in Bulgaria, and I'm not posting to preach....but:
1 Please don't put the blame on a poor (the poorest in the EU) Eastern Europe country. It seems that those who bought 'problem' apartments were mostly led by greed, they were gullible enough to believe what they saw on trash TV and thought they would make a killing.
2 They bought properties at crazy prices, unrelated to the real Bulgarian property market. I know one man who has 160,000 euros wasted on two small apartments in overdeveloped resorts. That money would still buy you three/four great houses with a great amount of land in beautiful areas.
3 The greed has an impact on the social and economic life of the country. Places like Bansko are ruined by over development, and even nature reserves are built on.
4 Just with any 'investment' values can go down as well as up. Don't be fooled by tales of rich Russians etc buying property. My advice if you've got an apartment in a ski resort, or on the Black Sea (99% of daft Brit locations) either use the place for holidays and get some benefit, or take an offer of anything around the spurious figure you paid for it.

Rodin

sammyh82 wrote: »

Thats the one! & yes my apartment is finished & furnished but no services working.

So, being pragmatic, who will buy an apartment that doesn't have water or power?

sammyh82

Rodin wrote: »

So, being pragmatic, who will buy an apartment that doesn't have water or power?

Exactly