0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

BalREc: The Buyer Sets the Conditions on the Property Market

2009-11-09   |  BULGARIAN PROPERTIES

The November issue of BalREC – the Balkan Real Estate Conference – which was held in the Kempinski Hotel Zografski in Sofia, once again gathered leading representatives of the building-investment business in Bulgaria – local and international investment and consultant companies, real estate agencies, building companies, architectural bureaus, financial institutions, banks and leasing companies.

The motto of the event was Awaiting Recovery and a lot of the main trends and current problems of the industry were discussed. The main messages which were formulated during the conference are as follows:

• There is need for a state policy for cheap homes;
• The visa process for holiday home buyers must be facilitated;
• The price and the location are defining when choosing an office;
• The low price of land and infrastructure can develop the industrial property sector.

The conclusions that were made in relation to property prices and trends in the various market segments coincide with the analyses which BULGARIAN PROPERTIES published in the last few months:

• The residential market – currently it is the most active segment in which the client rules. There is a wide choice of offers at great prices as clients can bargain for further decrease of the price.

• The holiday home market – in the last few months prices in this segment fell considerably, especially of beach properties of lower quality and far from the beach. However, prices of properties with prime location and high quality of the construction maintain higher prices. Currently it is buyers from Russia and the former Soviet republics that are the main buyers in the segment. During the conference not enough was said about the ski resorts in Bulgaria where property prices decreased considerably and are now quite attractive and affordable. (Send as an enquiry about the BULGARIAN PROPERTIES’ ski property analysis)

• Currently, in the office segment there is a wide choice of offers and almost no demand on the part of buyers and lessees of such properties. This means that now buyers can make bargain deals and that now is the time the smaller office to be changed for a bigger one at a better location at the same price (Send as an enquiry about the BULGARIAN PROPERTIES’ office and trade areas analysis). Read our advice when buying and renting offices

• For those looking to invest in industrial properties and logistic centers now is the time to research the possibilities for a lucrative deal as already there are owners ready to negotiate lower price offers.

Read more on the topic:

The Crisis Didn’t Bypass Rural Properties in Bulgaria

Properties in Bulgaria 2009: Decreased Prices Lead to Increased Affordability

If you have any questions, please contact as via e-mail or call our head office +359 2 9 11 50.

  Read more news

Share
Properties with 360-degree virtual tours
Feel the unique atmosphere of Bulgarian properties with the virtual tours we offer! At any time, with just one click, you can travel to your dream home, with no need for appointments and trips.

The virtual tours are taken personally by our team and are with guaranteed authenticity. We show you every detail of the property, just like being live in there!
See More
Properties in the Bulgarian Beach Resorts!
Check our selection of properties on the Bulgarian Black Sea Coast! Attractive prices, regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays and more.
See More

More News

latest news
We've opened a new office in the heart of Dupnitsa: Visit us at Knyaz Boris I Street, No. 1

We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.

This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.

In our new office, clients will be able to take advantage of the ful...

28 March, 2024
latest news
Selling property in Bulgaria? Check out what documents you will need!

In a series of materials, we present you with useful information on how to best prepare your home for viewings and how to determine the right price of your property.

Here we will focus on the heart of the transaction. Buying and selling real estate often seems a complicated and cumbersome procedure, requiring a number of documents and communication with various institutions. And buy...

22 March, 2024
latest news
How much is your property worth and how to set a perfect listing price?

When deciding, or even just considering listing a property for sale, our first question is often: What price should I be looking for my property.

Every homeowner is probably trying to do their own mini market research. They look at the listings in their area, read the latest statistics on property transactions, turn to an agency to get an idea of what they can get.

Ve...

18 March, 2024
Company news
BULGARIAN PROPERTIES Agents of March 2024

Spring comes with new opportunities in the real estate market in Bulgaria!

February showed us significant activity in the real estate market, spanning the entire country, and that gives us plenty of reasons to be optimistic.

Latest market data and trends:

- We are seeing an increase in issued new building permits - a sign of growing interest in new dev...

05 March, 2024

REQUEST DETAILS