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10.05.2010 Will property prices in Bulgaria start increasing by the end of 2010?
profit.bg
“We are still witnessing a process of price reduction which in some regions and for some property types is coming to an end. When the real estate market hits the price bottom we expect the demand and the number of deals to increase and not property prices.
Only after that can we talk of a gradual increase of prices that is commeasurable with the GNP growth upon a favourable development of the country’s economy. The property market is directly linked to the economy – for now the expected growth of the GNP for 2010 is minimal – about 0.3%, which also confirms that we cannot expect a growth in property prices this year”, said Polina Stoykova.
According to the data in our analyses, as well as according to the latest data of the National Statistical Institute, there is a growth in the prices of sold properties in some cities. However, I wouldn’t say this is a lasting increase as there are months in which there are more deals with luxury properties which are sold at higher prices and when they prevail this increases the average price at which deals are concluded.
We should also note that this year we do not expect a decrease in the prices of luxurious properties – their prices fell last year along with the decrease of all property prices. However, this process already ended and in 2010 we are to observe actual market segmentation and a correction in the prices only of low-quality properties, with bad location and in need of an overall refurbishment, as well as in the small settlements and rural areas.
The average prices will continue to serve as a reference point for the general market trends but now the trends in the different segments must be looked into more detail, added Ms. Stoykova.
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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
06/February/2012
TheMoveChannel.com
Bulgaria has broken back into the top ten most popular real estate markets for Britons, according to August’s Top of the Props report from TheMoveChannel.com.
3.3% of all enquiries in July were directed at Bulgarian property, marking the country’s return to the overseas property portal’s top ten for the first time in three years.
The most popular countries remain th... read more
01/November/2011
24 Chassa, vol.296, 31.10.11
Amusement – this is what the new and the already existing malls in Sofia and the country are focusing on after the consumption of clothes, shoes and home goods decreased due to the crisis. For example, the new mall which is being built in the quarter of Lozenets is announced as a lifestyle mall. Apart from famous brand shops, restaurants, coffee shops, a bowling hall, an arcade, a gym, and a cinem... read more
05/December/2011
www.casamea.ro
The most expensive land in a mountain resort in Romania is to be found in the ski resort of Sinaia where, according to estate agency Mervana, the average price is 204 euro/sq.m. Here there are also plot of land whose prices reach about 1,000 euro/sq.m. Thus, a plot of 1,509 sq.m. located at 1,900 m c... read more
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