British citizens are selling their Bulgarian coastal properties and leaving the country, the Bulgarian TV channel bTV reported on Saturday.
Every other British-owned house in the village of Avren, near the northern Black Sea shore, until now considered a paradise for foreigners, is listed for sale, the report said.
Local real estate brokers say most of the houses are mortgaged and owners now cannot make regular payments on the loans.
Others are leaving over the constantly increasing crime rate with many houses being robbed and the police failing to protect their owners.
Avren locals hope British owners will be replaced by Russians.
Britons first came in large numbers to the village in 2003, purchasing houses then as investment, in order to resell them at higher prices after the country's EU accession. However, some 70 Brits later became permanent residents of Avren.
