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BULGARIAN PROPERTIES Publish Their Property Market Analysis for 1Q 2009
BULGARIAN PROPERTIES' analysis for the first quarter of 2009 shows that there are diverse offers for sale and rent on the real estate market and a great number of viewings were made. The average price of the concluded deals is not very different from that in 2008 but now this price buys bigger properties of higher class. This means that there is an actual decrease in property prices.
The analysis of BULGARIAN PROPERTIES shows that one third of the company’s deals are made with British buyers as the properties which they mainly buy are low-priced rural houses.
According to BULGARIAN PROPERTIES the general market trends in the first quarter of 2009 are the following:
• Increase in the supply of all property types;
• The number of the viewings has increased since the beginning of the year;
• For the first time since October 2008 the trend of decrease in the concluded deals on a month-to-month basis is changing;
• Most of the deals are concluded with discounts of between 10-20% of the offer price.
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