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08.04.2010 BULGARIAN PROPERTIES published their analysis of the real estate market in Bulgaria for 1Q 2010
BULGARIAN PROPERTIES
• The first quarter of 2010 was relatively successful for the real estate market in Bulgaria as the average activity on the market was about 40% higher compared to the same period in 2009.
• Property sales in January and February 2010 remained the same as those in the second half of 2009.
• March brought higher activity on the market and the number of deals reached a record high since the beginning of the crisis and a growth of 50% compared to the average monthly levels in the last 10 months.
• The activity on the market of city properties in Sofia and Varna remains unchanged compared to the last six months and property prices based on actual concluded deals remain stable.
• The concluded deals are still mainly with luxurious properties or with very cheap properties, as the main requirement of the buyers is the bargain price.
If we have to describe the current situation on the market in one sentence it would sound like this: “Buyers are returning to the market, there is interest on their side, the number of concluded deals is increasing but all this is true for properties offered at attractive prices.”
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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
Read more news
15/November/2011
Focus news, 14.11.2011
The deals with properties in Vidin (Northwestern Bulgaria) are increasing, as for some of the quarters this year the increase is up to 80%. This is what Polina Stoykova – operations manager in a real estate agency – told Radio Focus -Vidin.
This increase is mainly due to the deals with agricultural land, but there are also more deals with apartments, Ms Stoykova explained. The arab... read more
26/March/2012
Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES
Like in many other countries around the world house prices in Bulgaria went through a phase of increase followed by a slump in the first decade of the 21st century. Last year BULGARIAN PROPERTIES presented data of the Bulgarian housing market for this period in a review of the last decade, which is available here.
In the last few months we compiled a data base and devised a methodol... read more
21/June/2011
pochivka.com
A new terminal is planned to be constructed at Varna Airport at the end of the summer. It will be built by the concessionaire of Varna Airport and the terminal will cost 30 million Euro.
The aim of the construction of the new building is to offer more amenities to the passengers, modern systems for luggage servicing, commercial areas and a fun zone. The interior of the terminal wil... read more
19/May/2012
Monitor Daily, 19.05.2012, excerpt
Real estate agency Bulgarian Properties announced the launch of their new service Skype Viewings.
According to the company this way the buyer will be able to get an initial visual idea about a number of properties very quickly. Usually a Skype viewing lasts 15-20 minutes. During this ... read more
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