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Annual Analysis of BULGARIAN PROPERTIES of the Bulgarian Real Estate Market 2010/2011
According to the analysis of BULGARIAN PROPERTIES the end of 2010 was also the end of the first decade of the existence of a real property sector in Bulgaria. It was a dynamic decade during which we witnessed a property boom followed by a significant fall in prices and number of deals. The good news is that 2010 brought stabilization to the sector and the Bulgarian real estate market is entering a phase of stabilization and maturity in the new decade.
The main trends for the past year and our expectations for this year can be described as follows:
• 2010 – stabilization of the prices and an increase in the number of realized deals.
• 2011 – continuing stabilization of prices, more convincing increase in the number of deals and a small increase in property prices in the last quarter of the year.
According to BULGARIAN PROPERTIES data based on actual concluded deals in 2010 the decrease of property prices slowed down and it was 8.3% on average in 2010 compared to 2009 when it was 36%.
Highlights of the year:
• Higher dynamics on the city property market in Sofia and an increased dynamics in the other big cities, although on the background of the activity in Sofia the markets in the other regional cities are quite slow.
• An increased interest towards holiday apartments at low prices.
• An increase in the share of Russian property buyers among foreign buyers in Bulgaria by about 40% compared to 2009.
• Complete withdrawal of British buyers from the Bulgarian real estate market.
If you wish to receive the full analysis of BULGARIAN PROPERTIES for 2010/2011 on your e-mail please click here
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Copyright: 2011 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. 2011.
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