unfortunately I fall into the category of naieve buyer who didn't know how to find any information on the Developer except the advertising he was diong for himself.Now I am facing financial ruin and these big developers have us all tied up in legal knots with nowhere to go for information other than fellow victims on forums
these developers are allowed to put about all this misleading advertising and then they ensure that people are too scared to talk openly about their experiences.
If they have nothing to hide why are they so afraid of what is said on forums.I appreciate all the advice above.I wish I had seen it sooner.Anyone wishing to buy in Bulgaria should certainly be wary of any Developer who tries to silence it's customers
silence speaks volumes

Hi there

can you send me a private message with who the lawyers are and also who is the developer?

I don't know how to send a private message on this site can you help please

Whether its Bulgaria or ROMANIA if you are buying to let on a mortgage you will not be able to meet all the costs unless you can put down a huge deposit.

Hello,
If you click on the person name, a menu will pop down, click on the "send private message" option.
regards
Mick

I recommend now only buying built property from highly reputable developers. I would not entertain Bulgaria as it's corrupt from to bottom, and showing little sign of change despite the platitudes and assurances given to the EU Parliament. Romania is far too murky also.

__________________
Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

Hi David,

i agree this is a great idea and worthwhile and needed. However I disagree that it is the only service available. In our company we also provide due diligence reports covering the same criteria as you mention. We get these reports via an independent third party organisation. We have copies of these reports for all the developments we currently carry, and should a customer chose a property we do not have a report for we get them one, and if they then complete the purchase we refund the cost of the report.

I am glad to see more companies realising that this is the way to go, as it is only through transparency and honesty that those of us who have nothing to hide, and who have no intention of ripping anyone off can maintain a good reputation. Unscrupulous developers use agents to flog their shoddy or non-existant properties. Thankfully none of our clients have ever been involved in any problems of this nature, but like buyers I am also nervous of selling properties from develpers I know nothing of. hence the reason we get an independent due diligence report on the builder prior to selling their property.

For anyone considering buying abroad, DD and thorough research s needed - and definitely don't buy off plan without visiting the area! Its better to spend a couple of hundred quid on a flight than potentially be out of pocket by thousands. If you are buying abroad you should be preapred to travel abroad, otherwise you are taking a big risk an laying far too much trust with the develper/agent whose main goal is to sell.

__________________
www.AegeanEmeraldProperties.com