Sun, Nov 22 2009

We buy houses by the kilo - real estate consultancy

Fri, Apr 03 2009 13:05 CET byRene Beekman 1331 Views
We buy houses by the kilo - real estate consultancy

Billboards advertising the "We buy houses by the kilo" campaign in Sofia

Photo: Tsvetelina Angelova

Real estate consultancy agency Home For You says it has found a way to offer investors with cash at hand to provide them "once in a lifetime" deal, while offering owners of apartments who are forced to sell at "realistic market prices".

An increasing number of home owners are forced to sell because they can no longer afford the upkeep on the mortgage. According to a Home For You media statement, even investors faced the same problem regarding property where construction had started before the economic crisis.

Home For Your started a large-scale banner campaign under the title "We buy apartments by the kilo," first along Bulgaria's Black Sea coast and in later Sofia, to promote its new product.

"This is good for the entire market, because it ensures currently missing cashflow," Konstantin Bobchev, manager of Home For You was quoted as saying by Bulgarian daily Klasa.

"We believe we can offer a realistic price," Bobchev was quoted as saying. "Our next assignment would then be to find new owners for the real estate. This way everyone involved will be happy," Bobchev said.

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