Irish investment company, Appreciating Assets, has released a new buy-back scheme to purchase completed properties owned by overseas investors on the Bulgarian Black Sea Coast. The initiative is being backed by funds raised from a syndicate of their existing international investors.
As far as we're aware this is the first syndicate of its type, and something that is badly needed by most buyers in Bulgaria. According to Dylan Cullen of Appreciating Assets the syndicate aims to capitalise on the unparalleled levels of ownership achieved by Irish and British property investors on the Black Sea in recent years.
It also, says Cullen, addresses the major flaw in emerging markets, the difficulty investors have selling on their properties due to an immature resale market. So the obvious thing to do is to provide a buy-back scheme that provides an exit strategy for investors.
I suspect the syndicate will not be short of offers of product.
For further details contact Appreciating Assets Ltd on +353 (0)1 632 8632 or visit www.appreciatingassets.ie
If you have a property in Sofia you wish to sell then this blog may be of interest.
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