Bulgarian Dreams
Open-knowledge reference entry
Bulgarian Dreams was a UK-registered property sales agent, specialising in the sale of off plan properties in Bulgaria to buyers mainly from the UK and Ireland. The company announced in December 2008 that it had ceased trading.
Bulgarian Dreams operated from several offices with headquarters at 120 Moorgate, London, UK, EC2M 6SS - now closed
History
Early success
Bulgarian Dreams sold off plan properties in Bulgaria, marketing the country as an up-and-coming destination with a rapidly developing economy and growing tourist trade. The company was well regarded and won International Residential Property Awards for Real Estate Agency in three consecutive years 2004-2006 including Best Real Estate Agency, Best Property in Bulgaria, Best Property Website and Best Development in Bulgaria from 2004 through to 2006.
The company received widespread news coverage.
Ceasing Trading
The London office closed around the end of 2008 but the Sofia office remains open and in contact with clients. The Bulgarian Dreams website was replaced in early 2009 with a statement from the company stating that they had decided to cease trading due to prevailing economic conditions. Customers were instructed to liaise directly with the developers of their properties.
Customer complaints and adverse publicity
Bulgarian Dreams has received negative media coverage, with customer dissatisfaction gaining pace through 2008 and into 2009. Buyers have complained that the properties they have paid for (either in part or in full) were left incomplete, or delayed due to financial problems and/or planning permission issues.
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This entry incorporates text from “Bulgarian Dreams” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.