Fri, Feb 10 2012

We buy houses by the kilo - real estate consultancy

Fri, Apr 03 2009 13:05 CET

byRene Beekman

1717 Views
We buy houses by the kilo - real estate consultancy

Billboards advertising the "We buy houses by the kilo" campaign in Sofia

Photo: Tsvetelina Angelova

Real estate consultancy agency Home For You says it has found a way to offer investors with cash at hand to provide them "once in a lifetime" deal, while offering owners of apartments who are forced to sell at "realistic market prices".

An increasing number of home owners are forced to sell because they can no longer afford the upkeep on the mortgage. According to a Home For You media statement, even investors faced the same problem regarding property where construction had started before the economic crisis.

Home For Your started a large-scale banner campaign under the title "We buy apartments by the kilo," first along Bulgaria's Black Sea coast and in later Sofia, to promote its new product.

"This is good for the entire market, because it ensures currently missing cashflow," Konstantin Bobchev, manager of Home For You was quoted as saying by Bulgarian daily Klasa.

"We believe we can offer a realistic price," Bobchev was quoted as saying. "Our next assignment would then be to find new owners for the real estate. This way everyone involved will be happy," Bobchev said.

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

AnonymousAnonMon, Apr 06 2009 20:51 CET

This comment has been removed by the moderator because it contained


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Land prices fell 30% in some areas of Sofia in 2008 -report

Parcels are used either for development or long term investments. In the first instance, the active party are supposed to be the construction companies, but given current market conditions, they are in a bad state. The latter case – long term investment – simply no longer exists.

Bulgarian property most valued by Russian investors

Bulgaria remans top of the chart, with 18.8 per cent of all demand, followed by the US, Spain and Germany

More in this category

Raiffeisen Real Estate: Prices of Sofia homes returned to 2007 levels

Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.

Most property sales in Bulgaria were people wanting to escape their investment – report

Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.

Bulgarian property market: Home finance easier, media report says

Nearly all banks are ready to finance between 80 per cent and 90 per cent of the price of a home, provided it is a good building in a large city, Bulgarian daily says.

Bulgarian property prices ‘have hit bottom’ brokers say – report

Property prices in Bulgaria were five to 10 per cent lower in 2011 than in 2010, while initial estimates for this year are that they will remain largely unchanged, with transactions remaining at ‘crisis levels’.

Budapest, Skopje at top among ‘Europe’s top 20 places to invest in property’

Bulgaria’s capital city Sofia ranks 17th, report says, quoting Global Property Guide.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.