BULGARIAN PROPERTIES in a PRO.BG interview: Offers of Properties with Discounted Prices Increased Threefold in a Year

In a report shown on Bulgarian PRO.BG television on Friday, February 19th, the Chief Operations Manager of BULGARIAN PROPERTIES Polina Stoykova commented that from the middle of 2009 until now the number of property offers with discounted prices the company offers has increased threefold, as the price decrease varies from 5 to 60%.

The prices of holiday properties have fallen most as in the ski resort of Bansko their prices have gone down by an average of 25% and in the seaside resort of Sunny Beach – by 20%.

Prices of city property have fallen less as in most cases the apartments there were purchased with the aim of living in them and not to be rented to affluent tourists. Therefore the price decrease in Sofia, Varna and Bourgas is noticeably lower.

According to Konstantin Kalachev – one of the top sales agents of BULGARIAN PROPERTIES – the lower prices have resulted in more viewing trips and now there are quite a few properties with attractive prices on the market.

The price decrease is expected to continue till the end of 2010, as according to Polina Stoykova prices might fall by a further 10%.

View all offers of Konstantin Kalachev

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DISCOUNTED PROPERTIES

Has the Bulgarian property market reached the bottom?

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