Inexperienced investors and incompetent local authorities are the reason for the fiasco in the real estate sales in some resorts in Bulgaria according to the chief of UniCredit Bulbank Levon Hampartzoumian.
The person with hardly pronounceable name believes that most of the popular resorts will suffer difficulties which will reflect also on the Banks that financed the projects. In the same line of thoughts it can be said that if there was not enough funding then this fiasco would not happen, which means that the “competent” bankers should line up with the investors and municipal administration.
2 Comments
I’m buying in Sozopol and having lots of problems….
do you know an honest bulgarian lawyer ? Is there someone I can talk to ? Thank you
There is a link in the forum:
http://survivalbulgaria.com/index.php/topic,6.0.html
You can find also information on the website of the British Embassy and the US Embassy. The have a list of lawyers too. However, I do not want to advertise or recommend any of them. The purpose of the blog and the forum to it is the users to exchange information. Still hope that the above information will help you.