0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

Property sales up in Sofia and the resorts

2014-07-09   |  Polina Stoykova MRICS, Managing Director & Head of Property Research

The housing markets in Sofia and in the beach resorts of Bulgaria continue to prove that they are stable. This year they are joined by some of the ski resorts in the country - Borovets and Pamporovo. This is our brief summary about the Bulgarian property market on the basis of the data of the Bulgarian Registry Agency with regard to the number of real estate deals for Q2 of 2014.

According to the Registry Agency, an increase of 1.3% was registered in the capital Sofia on an annual basis. In Q2 of 2014 the number of deals in the capital Sofia is 5157, which makes about 85 sales per working day on average.

The housing market in the country is stable and this is also confirmed by the increased number of new mortgages signed during the period April-June, which are 7,865 or 5% more than the same period last year.

A growth of 12% in sales was reported in Nessebar, which includes sales of properties in areas around Sunny Beach. Sunny Beach and the region are traditionally popular among the Russian buyers and their interest helped this segment to emerge from the crisis.

There is a significant increase in the deals signed in the spa resorts like Velingrad and Sandanski.

The ski resorts that attract an interest of Bulgarians are Borovets and Pamporovo, which saw a growth in sales as well. The sales in Samokov, where are registered the deals with properties in Borovets, increased by 10%, while in Smolyan and Chepelare sales rose by 23.6% and 27.5%, respectively.

The decline in sales in Bansko and the region continues - the deals registered in Razlog decreased by 12% compared to the second quarter of last year.

In the second half of the year the property market traditionanly becomes more active. We expect more sales to be concluded in the coming months before the end of the year which will once again confirm the market is at a new stage of recovery and steady sales growth.

View our properties for sale and rent in Bulgarian beach resorts

---
Copyright: 2014 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. and the Author cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2014.

Share
Hot properties in Bansko - the best offers are here for you!
Buy your own property in the top ski resort of Bansko! An all-year-round resort suitable for winter and summer tourism with the best prices in Europe!
See More
Festa Chamkoria Forest Residence - Turnkey Apartments for Sale in Borovets
Feel at home in Borovets! Buy your own vacation apartment in a completely finished and operational complex with quiet location among a century-old pine forest. Available studios, 1- and 2-bed apartments at attractive prices, no buyer's commission. With guaranteed rent!
See More

More News

latest news
We've opened a new office in the heart of Dupnitsa: Visit us at Knyaz Boris I Street, No. 1

We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.

This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.

In our new office, clients will be able to take advantage of the ful...

28 March, 2024
latest news
Selling property in Bulgaria? Check out what documents you will need!

In a series of materials, we present you with useful information on how to best prepare your home for viewings and how to determine the right price of your property.

Here we will focus on the heart of the transaction. Buying and selling real estate often seems a complicated and cumbersome procedure, requiring a number of documents and communication with various institutions. And buy...

22 March, 2024
latest news
How much is your property worth and how to set a perfect listing price?

When deciding, or even just considering listing a property for sale, our first question is often: What price should I be looking for my property.

Every homeowner is probably trying to do their own mini market research. They look at the listings in their area, read the latest statistics on property transactions, turn to an agency to get an idea of what they can get.

Ve...

18 March, 2024
Company news
BULGARIAN PROPERTIES Agents of March 2024

Spring comes with new opportunities in the real estate market in Bulgaria!

February showed us significant activity in the real estate market, spanning the entire country, and that gives us plenty of reasons to be optimistic.

Latest market data and trends:

- We are seeing an increase in issued new building permits - a sign of growing interest in new dev...

05 March, 2024

REQUEST DETAILS