UK Man Buys House in Bulgaria for £3000

And you thought property prices were expensive in Australia…

And you thought property prices were expensive in Australia…

A Scottish dad has used eBay to buy a house in Bulgaria for £3,000 after struggling to find affordable property in the UK.

Rob Davies turned to the online auction site after being frustrated by the steep price of properties in his home country.

“I’m always looking for properties on the market, to see if there are any bargains out there,” Davies said.

The six-bedroom, detached home is set in Golyamo Krushevo, Bulgaria on half an acre of land.

Although the property doesn’t have a fitted bathroom, kitchen, windows, electricity or running water, Davies is overjoyed he can finally call himself a homeowner.

“It felt amazing to be able to go: ‘We own a property’. We can’t do that in the UK,” Davies said.

So much did Rob fall in love with the picturesque Bulgarian village, that he decided to buy another two properties, which cost him only £1,500 and £3,000.

While he will have to splash out on fixing up all three properties, Davies believes the houses have a ‘history’ and should be ‘preserved.’

The delivery driver admitted that the purchase was a ‘gamble’, but will allow him to leave a lasting legacy for his children.

“I was always told, invest in bricks and mortar and you’ll never lose. So, let’s take a gamble.”

The 35-year-old’s purchase was covered on UK Channel 4’s Help! We bought a Village.

Past performance is not a reliable indicator of future performance.

 

This Week’s News

News

22 November 2023

Rare Earths Industry Review: Part 2

News

22 November 2023

Rare Earths Industry Review

News

22 November 2023

World first left ventricle heart failure device gears up for approval

General Advice Warning

Any advice provided by Reach Markets including on its website and by its representatives is general advice only and does not consider your objectives, financial situation or needs, and you should consider whether it is appropriate for you. This might mean that you need to seek personal advice from a representative authorised to provide personal advice. If you are thinking about acquiring a financial product, you should consider our Financial Services Guide (FSG)

including the Privacy Statement and any relevant Product Disclosure Statement or Prospectus (if one is available) to understand the features, risks and returns associated with the investment.

Please click here to read our full warning.