11.11.2008 BULGARIAN PROPERTIES Operations Manager Polina Stoykova on Bulgarian National Radio

BULGARIAN PROPERTIES Head Office

Today BULGARIAN PROPERTIES Operations Manager Polina Stoykova was a guest at the morning program of the Bulgarian National Radio Dobar Den. The topic which Ms. Stoykova commented was the Bulgarian rural properties market.

Interviewer: Are the rural properties suitable for investment and are they only that - an investment?

Polina Stoykova: This market segment is quite interesting but it remained outside the focus of the public and media discussions. Nevertheless, it played an important role in the formation and development of the real estate market in Bulgaria and in attracting foreign buyers. Rural properties are quite a good investment as long as one invests sensibly in view of the parameters of the specific property.

At the same time, through the years more than half of the foreign clients of BULGARIAN PROPERTIES bought rural properties with the aim of using them during their holidays or for permanent living, and not only as investment. In the last year we are witnessing a trend where more and more Bulgarians want to own a rural house to use as a getaway at the weekends, to spend their holidays in or to live there permanently especially if they work in the nearby city.

Interviewer : Will people want to go live in the countryside when they retire?

Polina Stoykova: As far as Bulgarians go this is quite possible because this is a traditional value for us as most of us have grown up spending our summers in the villages with our grandparents. In view of the frenetic pace of the everyday city life and the stressful environment we live in it is only normal to want to withdraw from city life and go live in the countryside looking for tranquility and closeness to nature.

Interviewer : Won’t the not so good infrastructure and the slow development of the rural areas put off those people who have decided to buy a rural property?

Polina Stoykova : Regretfully, this is a problem. We all know the disadvantages of the rural areas. For example, many of the foreigners who wanted to retire here were disappointed by the level of health services and of other public services (like the water regime in the villages) and many of them gave up and went back to their home countries. Still, many have stayed and like the laid-back back-to-basics way of life Bulgarian villages offer.

In conclusion I would like to say that we will inevitably walk the road to improving the rural areas and to turning them into a place where one can have a normal standard of life and to creating new jobs for the people in these areas.

If you wish to contact Ms Polina Stoykova, please send your enquiry

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