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    Watch out for Bulgarian Dreams.

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    papa_umau
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    Watch out for Bulgarian Dreams.

    Post by papa_umau on Mon 20 Nov 2017, 11:16 am

    The Bulgarian Dreams nightmare.

    Buying property in Britain is difficult enough, but buying abroad can be a real nightmare as dozens of Watchdog viewers have found out. They've contacted us because they've all been taken in by the same company.

    Bulgarian Dreams is a property business that promises new homes, in a country where the market has been booming. Each of the people we've spoken to has handed over tens of thousands of pounds and now they're worried they've lost it all.

    Bulgarian Dreams has won awards, has glossy brochures and a snazzy website. It also offers the reassurance of a head office in London. Chris Dale was really excited about buying a piece of paradise and he thought he'd found an estate agent he could trust. In June 2006, Chris paid Bulgarian Dreams a 500 deposit for an apartment on a luxury development called Windows to Paradise.


    Far from completed

    Bulgarian Dreams put together a DVD which showed all the apartments it had on offer. It made it quite clear it'd do all the legwork and all Chris would have to do was move in. However Chris's Bulgarian Dream soon went flat. He paid a total of 56,000 for his apartment including solicitor's and management fees. Now, more than a year after the company wrote to him to tell him the development was completed it's far from it. Chris's apartment has no electricity or water. There are power cables on the ground that could potentially be live and rubbish everywhere.

    Bizarrely, Bulgarian Dreams told Chris none of the problems with the apartments were anything to do with them. It was full of promises before the sale, but once it'd been paid it washed its hands of the whole thing and then stopped returning his calls. Bulgarian Dreams had said that Chris's contract was with the developers, a company called Interlink BG. He was told to contact the developer direct about any problems, but they haven't returned his calls or email either.

    Read the rest of this sorry story from What Consumer HERE




    I think that problems like this from Bulgarian Dreams is only the tip of the iceberg and any time that Brits are going to buy or let holiday homes abroad they put themselves at great risk.


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    zathrus
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    Re: Watch out for Bulgarian Dreams.

    Post by zathrus on Thu 23 Nov 2017, 11:13 am

    My sister looked into buying a time-share or even a flat outright in Bulgaria and she tells me that doing this in Bulgaria has to be the most dangerous way to buy or hire holiday-homes.

    As far as the Bulgarian Dreams site is concerned, she says to give it a wide berth as many people have been ripped off by these people.
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    papa_umau
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    Re: Watch out for Bulgarian Dreams.

    Post by papa_umau on Fri 24 Nov 2017, 11:51 am

    Lets hope that enough people know in advance about these rip-off merchants in order to avoid them.

    Buying holiday homes, or even homes to retire to the sun with is always a tricky job to get done without being left in the lurch.

    My advice here is to get a BRITISH solicitor that is especially experienced in overseas buying and selling before committing to any of the tempting offers that we see just about every day.


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    Re: Watch out for Bulgarian Dreams.

    Post by Hell's Granny on Sun 17 Dec 2017, 1:18 pm

    One would think folk had learned from the Time share and Spanish Villa ripoffs, but apparently not.
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    papa_umau
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    Re: Watch out for Bulgarian Dreams.

    Post by papa_umau on Tue 19 Dec 2017, 12:14 pm

    True.

    The thing is that these offerings are so attractive many people just trust the foreign estate agents.

    I say again: Get a British solicitor if you are planning anything like this.


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