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beware bulgaria

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  • beware bulgaria

    We invested in Bulgaria in 2005 through a company called property invest ltd (varna). They introduced us to an investment opportunity in Kranevo Park, asked for the usual installments of money and then informed us that the developer cannot be contacted and we won't be getting our money back. We signed the notary agreement and gave them power of attorney to receive any money owed on our behalf.

    They stalled us for 1 year with false promises of another investment offering a huge discount emailing us on a regular basis of its development. Now they claim to have sold up.

    We have lost £15,000! We have been told we cannot get our money back and Property invest have buried their head in the sand. Take this as a warning if you consider Bulgaria as an investment.

  • #2
    Property Invest is not equal to beware Bulgaria. There are a lot of people very pleased from their investments (time and money) in props in Bulgaria!

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    • #3
      I believe the best way ahead is to get solicitor involved on your behalf who can twist their arms.

      We would be happy to review you preliminary contract and try to help you getting back you money.

      Still bulgarian trade is well regulated legaly and if you have a good legal ground as it seems the construction company will be forced in to refunding you.
      Solicitor Verzhiniya Dakova
      Solicitor Bulgaria Ltd
      Bulgarian Solicitors

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