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Society

Bulgarians Snapping Up Real Estate Deals in Northern Greece

HALKIDIKI – Even Bulgarians are getting in on the act of buying property in Greece, favoring northern Greek sites on the border, joining Greeks abroad in looking to invest in cheaper availability.

The Bulgarians prefer the regions of Kavala and Halkidiki, real estate agencies and brokers said at their annual meeting in the growing interest, reported the Bulgarian news site Novinite.

Bulgarians look for and invest in cheaper properties, renovate them and use them for both vacation and rental. A smaller number of customers are directed to villas on the beach or the purchase of private hotels, said the report.

There’s also keen interest in the area from Germans, who are buying both on the mainland and on the islands, the brokers said, the report added, but it’s the Bulgarians on the border who are really jumping in to take advantage faster.

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