I have a close friend who is married to a Bulgarian who’s brother is an Estate Agent in Bulgaria (if that makes sense and you know what I mean! 😀 ) and apparently the market has nose-dived. Investors and life-style purchasers are at great risk of losing deposits paid because developers are going bust. Another friend (I sound like a popular guy!!! 8) ) is a surveyor in the UK and he has never experienced such a sudden ‘turn-around’ and decline in activity in this country in al the years he has been doing the job. This could all get very, very nasty indeed.
Incidentally, who in their right minds would spend E90,000 on an apartment in Romania? This is a lot of money.