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17.12.2009 BULGARIAN PROPERTIES took part in a discussion with leading real estate agencies
BULGARIAN PROPERTIES
The experts in the branch agreed about a few main conclusions related to the Bulgarian real estate market for the passing year:
• The market underwent corrections, regulated itself and the unprofessional builders, mediators and speculative buyers dropped out;
• Real estate prices dropped by about 30-35% on an annual basis;
• Properties of lower quality are sold at lower prices compared to properties with similar parameters but of higher quality of the construction, design and execution;
• The buyers are the leading party during the negotiations and sellers are more flexible and ready to negotiate the price;
• Banks follow a restrictive lending policy and have serious requirements to credit holders.
Mihail Chobanov stressed that in the last 6 months there is a stable volume of new deals every month and offer prices continue to fall. Every month is different regarding the dynamics and the active buyers are different, i.e. the market is still quite unpredictable and we should probably expect a few more rough months. As for the market’s recovery with regard to a higher number of deals it could be expected to begin in the second half of 2010.
Regarding residential complexes in the big cities around the country – the migration from the smaller settlements to the big cities continues and this means there will be demand for properties in the big cities in the future as well. The supply of such properties, as big as it may be, doesn’t look so big on the background of the people’s housing needs. We can add that a large part of the Bulgarians still live in old homes and one day they will change them with newer properties of higher quality.
Prices of holiday homes dropped fastest and respectively the interest in them started to return earlier – now there are very attractive prices and a lot of Bulgarians already own a holiday home in Bulgaria.
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27/July/2011
pochivka.com
A new airline has entered the Bulgarian market. The Bulgarian seaside city of Bourgas welcomed the first flight of German Sky Airlines a few days ago. The airline company will have regular flights every Friday until the end of the tourist season.
The 181 passengers from Düsseldorf were welcomed with Bulgarian roses and souvenirs. Each of the passengers also received a guidebook wit... read more
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24/April/2012
Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES
This is what the Bulgarian Registry Agency announced yesterday with regard to the number of real estate deals around the country. The data confirms the general trend of retaining the sales similar to last year, which BULGARIAN PROPERTIES outlined in its real estate analysis for the first quarter of 2012.
According to the Registry Agency in 1Q 2012 35,821 sales were concluded in tota... read more
27/July/2011
pochivka.com
A new airline has entered the Bulgarian market. The Bulgarian seaside city of Bourgas welcomed the first flight of German Sky Airlines a few days ago. The airline company will have regular flights every Friday until the end of the tourist season.
The 181 passengers from Düsseldorf were welcomed with Bulgarian roses and souvenirs. Each of the passengers also received a guidebook wit... read more
11/April/2012
propertyshowrooms.com, 11.04.2012
The real estate market in Bulgaria has begun to stabilise, with a rise in the number of transactions concluded recorded by local agents.
Figures released by property consultancy Yavlena revealed the volume of deals climbed by 22 per cent in 2011, compared to a year earlier, the Sofia E... read more
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