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The Real Estate Market in Sofia' 2015 - a new beginning
2015 brought an upturn of the real estate market in Sofia. Not only the buyers have returned to the market, but also we have witnessed a growing trust in the real estate market and the properties as an investment asset. Investors are now clearly back, we have again started talking about capital gains and rental returns, the interest towards buying properties in new developments off-plan has also increased. Thus, we may say 2015 was new beginning for the property market in Sofia.
We have witnessed a very strong interest towards new construction. The buyers are already more confident in buying off-plan. Very often a high percentage of the available apartments are reserved even before the start of the construction itself.
Completed Deals
The calculations of BULGARIAN PROPERTIES based on data from the Registry Agency show that for Q4 of 2015 there is an 8% increase in the number of completed deals in the capital city on an annual basis. There are 7,541 registered sales for Q4 in 2015 compared to 6,975 for the same period of 2014.
For the whole year 2015 we registered the biggest increase in the number of sales in Sofia for the last few years. The number of registered sales is 24,379 compared to 20,863 in 2014 which is an increase with close to 17%.
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