The real estate market in Bulgaria offers fantastic returns for savvy investors. Bulgaria is listed as the number one place to invest in property in Europe and well informed people are very well placed to make excellent profits according to Paul Watchorn, an expert on Bulgarian real estate. Speaking last week at the Bulgarian property and investment show in Plovdiv, Paul was very clear about the outstanding opportunities in Bulgaria.
A recognised expert in Bulgarian real estate, Paul Watchorn qualifies his comments by admitting that without expert advice on the Bulgarian market, it is possible to make a loss. Confirming that prices were rising fast, Paul insists that talking to a professional in the Bulgarian property market is essential if people are serious about buying in Bulgaria.
Buying property or land in Bulgaria is very lucrative, if you have the right contacts and experience. It is a fundamental part of any purchase, property or not, he said, to locate with and work with somebody that has a full and current understanding of the market or product. In this case, experience of the procedures for house buying in Bulgaria, the laws, the country and arguably most importantly, a current understanding of the local people, customs and traditions. This can not be understated, comments Mr Watchorn
What clients require is current information communicated in an understandable way, dont buy in Bulgaria without talking to a Bulgarian real estate expert says Mr Watchorn, the message is loud and clear. Before buying a property in Bulgaria, or anywhere else, you MUST talk to a Bulgarian real estate expert. Not just an estate agent, estate agents come and go, a lot of people selling property in Bulgaria dont even have a trading company, let alone an office! Would you buy a house in the United kingdom without visiting an office? Paul said, throwing his arms up in dismay, Why do it here?
Bulgaria is a very safe place to buy, but just like purchasing anything in the United Kingdom, it pays to think ahead. If a couple are looking for a new car they will not just get on a bus to the nearest garage and take the first thing that they see. They will decide what make they like the best, for all sorts of reasons such as cost etc. Then talk at length with the expert at the dealership.
What any buyer needs is expert local information. If you are lucky, you will find an estate agent with real local knowledge, somebody that can speak to you in a manner that you feel comfortable with, and that you can understand. Somebody that you can ask real questions, and get sensible answers from. There are such people here, so there is no reason to buy in Bulgaria until you have found somebody that fits the bill. If that means putting plans on hold, then so be it says Paul, there is an old adage that rock climbers use says Paul, it refers to the conditions and goes like this: It is better to be on the ground wishing you were up there, than up there wishing you were on the ground, think about it he says, it makes sense.
The Elhovo Post wishes to thank Paul for his continued good relations with the press.