Jain

Thank you for your response but sorry to disappoint you I am not an estate agent, I just feel sorry for people who are putting their life savings into some sunny beach apartment hoping it will pay for their pension based on some statement that "values were up 30% last year" and then find they have a highly illiquid asset with negligible or negative income ( pre financing).

I've made millions from property - I bought in Latvia in 2002 when nobody overseas was buying then sold in 2006 when everybody else was buying. It's what's known as "not following the herd" and you get the biggest herds in property.

I just hate the hype of Bulgaria - do people realise Sunny Beach is a ghost town in the winter, or does anybody tell them - of course not because you want to sell property and perpetuate the myth it will rival Spain. I could make sense of it if it was Albania because then at least you have Southern Spain weather conditions.

Do agents tell buyers the ski queues are 2 hrs long at Bansko. No. But are they selling it as investment. Yes, by saying values are going up, they are 1/2 the price of Spain etc. Do investors have protection under the Financial Services Act of being misled. No! because selling property is not regarded as "investment business" as defined in the FSA. If it was covered by FSA then all this hype would disappear.

Many people will lose everything in Bulgaria and all these UK agents with juicy 10%+ commission will be the architects of their downfall.

I love your statment "How dare you say people got it wrong, you don't even know why they invested." Very revealing answer - you didn't say why they "bought" but why they invested. Sorry ! how many people invest to lose money -hmmmmmmmm.

Regards

Neil