We are now entering a new phase in South Eastern Europe and with the financial meltdown of 2008 apparently behind us, fast approaching a new era of stability. This means that although Balkan property prices have never been cheaper in Bulgaria, Greece, or even Turkey, they will not remain that way for much longer!
Because of the current prices on offer, houses and apartments have now become far more accessible to many, and well within the scope of Europeans looking for a home abroad. Perfect for young families and retired couples alike - and those who simply want to relax in the sun – the Balkan way of life can certainly take the stress out of living. Whether only for the summer months - but occasionally forever - the Balkan region promises a recipe for a long and healthy life!
Established in 1993 in the Bulgarian Capital Sofia, Icon Securities Ltd was Patrick’s original Property Consultancy, which operated exclusively on behalf of clients with no intermediary activities. As of 1998, his activities branched into the Mobile Phone Industry with Anglo Balkan Communications Ltd, which involved him in the acquisition of over 2,500 GSM Base Station Sites for the various telephone operators.
Despite the turmoil of the last five years, many ex-pats who came to the Balkans early on are now well established. Consequently there are a number of modernized and renovated properties for sale, mostly at reasonable prices, all available locally often with an implied British mark of quality, and this is particularly true of Bulgaria. Because labor costs have also been reduced due to unemployment, so the cost of building a house has also decreased, and there are many willing builders - in all our three Balkan areas - able to work at reasonable prices.
This includes a small number of English and Irish contractors who have in the last few years, become experienced in the ways of the Balkan peoples. These ex-pat builders are not only a phone call away, but can be found on Facebook, Twitter and LinkedIn, together with abundant evidence of their high-quality standards of construction.
In turn, many ex-pats have also moved on up the property ladder, meaning there are additional solid and comfortable homes on the market, needing little or no alteration or renovation. Occasionally sold together with fixtures, fittings and also furniture, they represent an ideal investment - or holiday retreat - for a discerning buyer in need of quality accommodation, but, without the hassle of setting up a brand new home themselves.
ABC will find the right home for you, and introduce you to this unique part of the Balkans, be it in Greece, Bulgaria or Turkey. Come and explore the untouched region of Thrace, the Evros River and Delta, the national parks that teem with wildlife, the Minarets in the old Turkish City of Edirne, the wonders of the Bulgarian countryside and finally, the famous Black Sea Coast.
Just three hours away by air from Great Britain, Northern Europe or Ireland, there are frequent flights to Alexandropoulis and Thessaloniki in Greece, Plovdiv Varna and Burgas in Bulgaria, and Istanbul in Turkey. There are also modern busses and trains covering the region and many obliging English speaking people who can help you to find your way. In Greece some 60% of the people speak or understand English or German, and Bulgaria and Turkey are not very far behind. At ABC we are entirely English speaking and ready to help you at any time. So why not get in touch?
ABC operates within the property sector as ‘Property Consultants,’ and as such our main activity involves the assessment and evaluation of property, mainly – but not exclusively – for foreign investors.
Patrick Brigham has over 40 years experience in the Property Market, twenty of which have been in South Eastern Europe and The Balkans. As a Managing Partner, he has successfully operated at various levels within his profession, in acquisitions, property development, trading and property dealing. He now lives in Greece.
During his time in Sofia, Patrick Brigham acted for the following clients:
The Bulgarian Stock Exchange
Land & Leisure – Denmark
The American Bar Association
City Centre developments – Brussels
Cable & Wireless
City of London Banks