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27.01.2010 BULGARIAN PROPERTIES' 2009 Annual Analysis of the Real Estate Market in Bulgaria
Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES
• 36% decrease in the average property prices in the country compared to 2008;
• 40% decrease in the number of realized sales compared to 2008;
• 23% decrease in the average prices of apartments in Sofia and 55% annual decrease in the number of deals in the capital;
• 22.5% decrease in the average prices of apartments in Varna;
• 41% decrease in the average prices of apartments in Bansko compared to 2008;
• 40% decrease in the prices of apartments in Sunny Beach and the other southern Black Sea resorts;
• 53.5% decrease in the average prices of sold rural properties.
Main accents during the year:
• Continuous process of decrease in the properties’ prices;
• Conclusion of deals upon negotiation of prices lower than those announced;
• Demand and interest only in bargain offers;
• Limited bank financing as most purchases were cash ones.
If you wish to receive the full analysis and 2010 forecast on your e-mail please click here
Has the Bulgarian property market reached the bottom?
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Copyright: 2010 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. 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. 2010
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