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BULGARIAN PROPERTIES published their analysis of the real estate market in Bulgaria for 1Q 2010
BULGARIAN PROPERTIES published their analysis of the real estate market in Bulgaria for the first quarter of 2010. Here are some of the trends in the first three months of the year:
• 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
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