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I found this topic on the Internet but it was originally in Bulgarian but you can make it out so have a read its really interesting
Why England do not buy properties in Bulgaria
In most cases, foreign property owners have themselves to blame for lost money
The first reason is the crisis. The second is that Bulgaria went bad name as a place where British and Irish people are scammed. In forums and in the Western press circulated to the complaints of people who lost money in the country. Such stories as "
horror stories"
. In details not vnikva and that buyers are innocent victims, it seems obvious, because our country is known for corruption and iniquity.
Causes
But I already four years working on these same Englishmen and not see it that way. It is true that Bulgaria is corrupt, but the reasons for lost investments are in themselves buyers. Recently, consult one of them what his views are to regain the one hundred and fifty thousand euro. My conclusion was that they had none. Having heard this, he said literally the following: "
Bulgarian legislation is bad, because it protects buyers by themselves."
A similar idea is in sharp conflict with the Roman maxim that the law is sighted, and not sleeping. In other words, if the buyer is not vigilant, is his own fault that he lost money. And these are the same Romans, whose successors in law are both we and the British.
This man had done anything reckless. Had given a proxy to a stranger to pull its deposits from fully and to spend the money as it sees fit. And not only was not considered any collateral, but even contract was not concluded. He was very surprised when he explained that the attorney only grants rights but does not create obligations. So this same Englishman I find no fault in their actions and was convinced that the reason we lost money in Bulgaria.
Another was convinced that he has bought a house and when he realized that it would receive non-built space, wanted to sue the seller. The contract, however, who stood in his signature, was clearly written that only purchased the land, not building. And that contract was written in their native language, but apparently this guy was not bothered to read it.
One woman complained for months on the forums about what a terrible place is Bulgaria, contacted me to advise her how to return the money. After I read the contract which it was concluded, and found no wrongdoing. It happened precisely what was written in black and white.
Mentality
Westerners come from a different world where everything is settled, calm and where the government protect them from dangers such as small children. Once you give money, it is understood that they will receive what is given them. When people buy apartments there, they worry whether they will be not deceived, but what will be the color of bathroom tiles. You can not lose them, for them is so obvious that they never think about the issue of preventive measures. In Bulgaria, these people are like farm animals removed from farm and thrown into the jungle. They are not accustomed to looking and when they hit just can not understand where they come.
Agents
To this should be added that the West people do not do everything yourself and pay for professionals from the field to do the job. In these real estate professionals are called "
agents"
, so their first job, when they decide to buy in Bulgaria is to raise that term in the search engine together with the name of our country. Immediately leaving many companies are called "
agents"
. They can not imagine a world without such people and I see a familiar word, decide they have found what they want. Their assumption that there are agents in Bulgaria is confirmed. If it does not like to go deep into details and explore how it actually is the issue. Prefer to view color pictures instead of reading thick books. Once something confirmed their expectations, you can not help but be so! English in Bulgaria come to buy property with the mood of tourists who are seated to order in a restaurant rather than serious investors. So they expect the menu instead of the book's instructions.
Differences
Under the Commercial Code, however, the country has firms, not agents. The difference is substantial. The mediator does not represent the parties and shall not be liable if one has not fulfilled its obligations to the other. The mediator only them "
svatosva. The deal is between the buyer and seller of the property. He takes money from both sides and thus protect the interest of neither one nor the other. In England, the agent is paid only on one side and he is responsible if its too expensive to sell property or if it lost money in other ways. Therefore, Westerners who have found the Internet entrepreneur who calls himself "
agent"
are left trustingly in his hands. For them, the story ends. They pay him and therefore no need to think about anything.
Englishmen go even further in its stupidity. They rely on the firm erroneously called "
agent"
to them and choose a lawyer. So instead of an independent and competent counsel, they appear to be the most illiterate lawyer who in some cases not even a lawyer. But even is it necessarily loyal to the firm which he found a job, not the client who is. Customers are changing, the firm remains. Customer is a fee, the firm - many fees. Therefore, those dependent on lawyers do what they want the mediator. Collateral no avail, and contracts are concluded in the most rapid and easy manner, which in turn means that the shuffle.
Sat Dec 18, 2010 9:54 pm
