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According to her an average decrease of 40% in property prices is already a fact as this percent is even higher for ski apartments and rural properties. In Sofia this decrease is not that big as demand there is higher. It is mainly apartments priced between 600 and 900 Euro/sq.m. that buyers look for. Property prices were expected to fall drastically but this happened gradually. If we look back to the beginning of 2009 the deals in Sofia during the first quarter were concluded at 1,050 Euro/sq.m., in the second quarter – at 1,020 Euro/sq.m., in the third quarter – at 950 Euro/sq.m. and in October the average price of concluded deals is already 800 Euro/sq.m.
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Ms. Stoykova also commented that the real estate sector will follow the general economic situation in the country. If it starts to improve then the real estate sector will feel that but it is hard to say whether that will happen at the end of 2010 or after that. What can be said is that we could talk of increase in property prices in two years.
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About BULGARIAN PROPERTIES
Be the first to know!
22/May/2012
BULGARIAN PROPERTIES
Our company was invited to make a presentation of its activities in front of US, Russian and Bulgarian students at Sofia University who were taking part in an international exchange program. The presentation was made by our Chief Operations Manager Ms Polina Stoykova and took place in one of the conference halls at the main historic building of Sofia University on 22.05.2012.
We ga... read more
20/February/2012
bulgariaski.com
A lot of snow, music, shows on the ski runs and a real constellation of famous stars - this is how Bulgaria's top ski resort of Bansko looked before the start of the World Ski Cup.
The legendary skier Alberto Tomba arrived in Bansko just a few hours before the ski race. Tomba first arrived in Sofia and was transferred to Bansko by a helicopter. Bansko also welcomed half of the mem... read more
20/December/2011
europolitics.info, 15.12.2011
The European Commission is preparing to step up surveillance of housing markets in an attempt to prevent the kind of crash that sent the Irish government begging for aid from the EU and IMF to bail out banks heavily exposed to the property market. In the pipeline are a series of proposals on mortgage... read more
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