rachelg,
How many people are going to spend their annual holiday in an obscure rural "idyll" somewhere in Bulgaria every year??
I cannot give you numbers but I have many friends that have holiday homes in Bulgaria that come back for a few months each year. They tend to work in the UK through October to May and then spend the summer in the sun in their holiday home in Bulgaria. There are many more that do come to spend a couple of weeks in a rural, but not obscure, village house. There is often a pool, close to cities and towns, water parks, beaches.
I've seen your site again (travelbug.org). I would suggest to you that the homes your selling have little or no economic value and that I might as well put my money on a 200-1 nag in the 2.30 at Taunton, as invest where you are suggesting. At least I might stand to make some money on the nag.
Well you are welcome to your opinion and thank you for visiting my site. Feel free to put your money on a horse. Personally if you are only paying a few thousand for a old house with half an acre of land, then you cannot go too far wrong in the long term. But to say a house and land has no economic value is just short sighted and narrow minded.
There are picturesque and remote rural areas throughout Romania,Bulgaria, Moldova with properties such as these, so there's no uniqueness and no market.
Yes this is true, there are many places with picturesque rural properties. There are many in France, Spain, Scotland....It all just depends on what you are looking for. There is no uniqueness with many properties, but does not mean it is not a decent investment or what people want.
The whole basis of this market was that the prices were so reasonable compared to boomtime Ireland and UK prices that they must be cheap. This is not the case.
Whatever about two years ago your business model must now be dead, given the current conditions.
Well I do not think you can still compare UK prices and Bulgarian prices. I certainly do not know of anywhere in the UK you could buy a 3 bedroom, renovated house with large garden, outbuildings, all mod cons for under 70,000 Euros. And you certainly would struggle to get a building plot of 1000sqm for under 4000 Euros in the UK or an old house needing renovation for under 10,000 Euros.
There are still many people looking for a change of lifestyle, want better weather, cheaper living and are considering moving abroad, be it to Bulgaria, rural France, Spain or other such places. These are not investors out for a quick buck. This I think is the difference.