PRESS AND MEDIA
BULGARIAN PROPERTIES' Analysis of the Property Market 3Q 2010: Stabilization
Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES
The main trends in the third quarter of 2010 can be summarized as follows:
• An increase in sales in Sofia compared to the summer of 2009. The average price based on actual concluded deals is 840 EUR/sq.m. The price decrease compared to the second quarter of 2010 is 3.5%.
• Increase in the number of sales in the regional cities like Bourgas, Plovdiv, Veliko Tarnovo, etc. These markets were stagnated since the beginning of the crisis and sales were made mainly in the capital Sofia.
• Increase in the number of sales of beach holiday homes by 20% compared to the summer of 2009. There is no change in the prices and the preferences of the buyers compared to last year and to the previous quarters of 2010.
• Regarding rural properties there is a decrease in the number of realized deals by 13% since July compared to the same period in 2009. Prices of rural properties have dropped by 20% compared to the second quarter of the year when they had registered an increase.
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© Bulgarian Properties Ltd. 2010.
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13/March/2012
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