Hello Thedon, I have an apartment in Summer Dreams. I agree with what you say about the agent although I have received a respectable amount of rental income each year from them. The fact that they take care of everything for me is important to me considering I live in SE Asia .
I want to ask you if you (or anyone) has had any joy with selling your apartments? I actually think it will be a few years yet before we really see any profits or notable resell market in the Sunny Beach area. They are, after all, still merrily building away...
I agree with a few other members here who say the coastal properties were overpriced 3-4 yrs ago, but I`d add it wasn`t by ridiculous amounts...maybe 10-15% then the enormous hype and property fever about eastern Europe at that time (TV, papers etc) provided a seemingly credible smokescreen for us excited buyers.
I do , however deem Summer Dreams amongst others to be a good purchase in the big picture of things. I carefully choose a decent developer with good build quality when I went to Bulgaria to suss it out 3-4 yrs ago.It has a unique look to it which I think makes it attractive in the holiday catalogues. The location is good and central but not near the banging clubs etc The decent rental income I get each year validates these few points.
I think the reality is another 3-4 yrs before one should sell up and expect a profit. I actually want to sell up there pronto and realize some cash as I have a baby on the way and we all know they cost a lot
) .
I have recently emailed many agents asking them to resell my apartment offering a nice comm and even leaving the sale price open to discussion . Response from 14 emails: 3.Only one interested in marketing it ..for a fee!!!
Hanging a banner off the balcony is a novel idea, cant do that as Im in SE Asia..
anyway, I`d like to read anyone`s thoughts on my thoughts
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