Property agent was warned away from Bulgarian resort’s developer

A PROPERTY agent has revealed he was warned to stay away from a Dutch developer with a “disastrous track record” who has sunk €10 million of Irish money into a half-built Bulgarian resort.

More than 300 Irish investors have lost between €15,000 and €50,000 after paying 30% of the total cost of the apartments in the Black Sea resort, touted as the first five-star golf and beach resort in the country.

Angry and anxious investors, the bulk of whom are Irish, are waiting to hear whether Dublin-based agency Platinum Developments, charged with selling the Pomorie apartments, will manage to assemble a rescue package so that work can resume on the resort.