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Media Release: Black Sea Buy Back Launched (2009-May-15) « Back to all news

Media Release

Bulgarian Black Sea properties wanted by Irish syndicate

Appreciating Assets launches first ever ‘buy-back scheme’ aimed at overseas property investors.

Dublin, Ireland: Irish agency, Appreciating Assets , has released a new buy-back scheme to purchase completed properties owned by overseas investors on the Bulgarian Black Sea Coast. The initiative is being backed by funds raised from a syndicate of their existing international client base.

This is the first syndicate of its type, which buys back completed properties from overseas investors; it aims to capitalise on the unparalleled levels of ownership achieved by Irish and British property investors on the Black Sea in recent years.

It also addresses the major flaw in the overseas property market in emerging markets, which is the difficulty that investors have in selling on their properties due to the lack of a second-hand resale market - this issue is now solved with the launching of this new buy-back scheme that provides an exit strategy for investors.

Dylan Cullen, owner of, Appreciating Assets , said:

“There has been a huge amount of interest in the Black Sea by overseas property investors due to the low prices, but, as a result of over development along the coast, and the current economic climate, it is proving difficult for many investors to sell their properties. Our company is confident in the long-term success of the region and we are buying property there to hold for five-to-ten years.”

The offer is only open to those owners who have completed properties located on the sea front. The syndicate is aimed at investors, rather than developers with large portfolios of unsold properties; this is based on the belief that unsold properties are unsold for a reason, whereas investor owned properties are generally in higher quality developments and better locations.

For further details of the, buy-back scheme, property owners should call Appreciating Assets Ltd on +353 (0)1 632 8632 or go to http://www.appreciatingassets.ie

For media enquiries please contact Simon Palmer at Republic PR on + 353 (0) 1210 3520 or email simon@republicpr.ie http://www.republicpr.ie

Notes to editors Irish owned  Appreciating Assets was set up in 2006 to focus on alternative investments that have a unique angle compared to main opportunities in the market. The owners have almost twenty years’ experience in the investment sector, they have funded and developed several successful projects in the South of France, Portugal, the Czech Republic and Bulgaria, with a focus on syndicated investments funds and commercial developments, as well as high end residential developments.

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