Bulgarian TV Star Invests in Greek Property: A Sign of Shifting Lifestyle Trends?
Cvetanka Rizova, a prominent face on Bulgarian television as the host of “Face to Face” on bTV, has recently purchased a property in Greece with her husband, lawyer Krasimir Nedev, for around €450,000. This isn’t just a celebrity real estate story; it’s a potential indicator of broader trends in lifestyle choices, particularly among affluent individuals seeking stability and leisure in Southern Europe.
The Allure of Greek Real Estate for Eastern Europeans
Rizova and Nedev’s investment in a luxury property within a gated community in Hanioti, Greece, highlights a growing trend. Eastern Europeans, particularly those from Bulgaria and Romania, are increasingly investing in Greek real estate. According to a report by Global Property Guide, property prices in Greece have been steadily rising, attracting foreign buyers seeking holiday homes or retirement properties. The appeal lies in a combination of factors: affordability compared to Western European destinations, a favorable climate, and a relatively easy process for EU citizens to purchase property.
This trend isn’t limited to Greece. Portugal and Spain have also seen significant investment from Eastern European buyers. The desire for a second home, coupled with the increasing possibility of remote work, is fueling this demand. The Greek Golden Visa program, offering residency permits to investors, further incentivizes foreign property purchases.
Beyond Vacation Homes: The Rise of ‘Dual Living’
The couple’s intention to spend all their vacations in their new Greek home speaks to a larger shift towards “dual living.” This concept, popularized by the pandemic, involves individuals or families maintaining a primary residence while establishing a secondary base in a location offering a different lifestyle. This could be for leisure, retirement planning, or simply a change of scenery.
This isn’t just about the wealthy. The rise of remote work has enabled more people to consider this lifestyle. A recent study by FlexJobs found that 74% of professionals expect remote work to become the new normal. This flexibility allows individuals to spend extended periods in locations like Greece, without sacrificing their careers.
Blending Careers and Passions: The Modern Professional
Krasimir Nedev’s profile – a successful lawyer with artistic pursuits like playing guitar and performing with bands – exemplifies another emerging trend: the multi-faceted professional. Individuals are increasingly seeking ways to integrate their passions into their lives, even alongside demanding careers. This is reflected in the growing popularity of side hustles, creative hobbies, and a desire for work-life balance.
Nedev’s background also highlights the importance of personal connections and shared interests in relationships. Rizova and Nedev’s relationship, blossoming after years of established careers, demonstrates a shift towards finding partners who complement and enrich each other’s lives.
Navigating Second Chances and Family Dynamics
Rizova’s past – a 20-year marriage followed by divorce due to infidelity, and subsequent speculation about other relationships – is a common narrative. The increasing acceptance of divorce and remarriage, coupled with blended family structures, is becoming more prevalent. The couple’s intention to spend time in Greece with both their children demonstrates a commitment to building a cohesive family unit.
Did you know? The average age of first-time homebuyers is rising, with many individuals choosing to invest in property later in life, often after establishing their careers and families.
The Future of Lifestyle Investments
The trend of investing in lifestyle properties, like Rizova and Nedev’s Greek home, is likely to continue. As remote work becomes more ingrained, and individuals prioritize experiences and well-being, we can expect to see increased demand for properties in desirable locations offering a high quality of life. This will likely drive up property values in these areas, making early investment even more attractive.
Pro Tip: Before investing in foreign property, thoroughly research local laws, taxes, and regulations. Consider consulting with a local real estate agent and legal professional.
FAQ
Q: Is Greek real estate a good investment?
A: Generally, yes. Property values have been rising, and Greece offers a desirable lifestyle, attracting both tourists and investors.
Q: What is the Greek Golden Visa program?
A: It’s a residency-by-investment program that grants residency permits to non-EU citizens who purchase property in Greece above a certain value.
Q: Is remote work driving the demand for second homes?
A: Absolutely. The flexibility of remote work allows people to live and work from anywhere, increasing the appeal of owning a property in a desirable location.
Q: What should I consider before buying property abroad?
A: Legal regulations, taxes, currency exchange rates, and potential rental income are all important factors to consider.
What are your thoughts on investing in lifestyle properties? Share your opinions in the comments below!
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