A municipal plot in Kaolinovo, with an area of 361 square meters, was sold at auction for eight times its initial price. The property was purchased for BGN 16,462, while the starting price announced by the municipality was BGN 2,195. The auction was won by Salim Salim, with a permanent address in the village of Belintsi, Razgrad, according to the orders for the sale of municipal properties signed by the mayor of Kaolinovo, Nida Ahmedov.
If the buyer of the municipal land does not pay the amount due on time, together with a 3% auction fee and another 3% acquisition tax, the property will be sold to the second-ranked Vladimir Dimitrov, who offered a price of BGN 16,243.
Local residents are not surprised by the significantly higher valuation of the plot and explain it with the increased demand for real estate. “Recently, real estate in Kaolinovo has become much more expensive because there are people who want to buy houses here. Many people from Turkey, mainly pensioners, have started looking for places in our area to build houses, so there are almost no properties left for sale. So the price of this plot reflects the demand,” say residents of Kaolinovo. According to them, undeveloped plots of land are particularly sought after, as immigrants from Turkey build prefabricated houses on them. The price of old houses in Kaolinovo now exceeds BGN 60,000, say local people.
The plot in Kaolinovo was put up for auction at the end of October along with four other municipal properties—three in the village of Branichevo and one in the village of Pristoe.
Beyhan Ibish from the Kaolinovo village of Branichevo won the bid for 2,767 square meters of agricultural land in the same village. The field was sold for 6,479 leva, or 2,400 leva per decare. The initial price of the property was BGN 5,890, which was the bid made by Bilgin Basri, who came second in the ranking.
Kadir Kadir from the village of Yasenkovo in the municipality of Venets bought two identical urbanized properties, each measuring 849 square meters, in the village of Branichevo. Each of the plots was sold for BGN 5,679. Their initial price was BGN 5,163, offered by the second in the ranking, Nejat Habibov.
The only property for which no buyer has been announced is an urbanized plot of 6,300 square meters in the village of Pristoe. The property was put up for auction with an initial price of BGN 27,010.
