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Our Annual Market Report has been published
The past year was the most successful one for the property market since the beginning of the crisis. The market entered a new stage of development, the drop in property prices stopped and that made many buyers return to the market.
“The return of the buyers” – that is how we can summarize 2014. Bulgarian buyers returned to the market and started buying properties in the big cities of the country which lead to the increased number of sales and to a positive price change for the first time since the beginning of the crisis.
“An important element of the new market reality is the return of the confidence in the property market. More and more buyers are thinking of buying a property because real estate is a safe real asset and a good investment. This understanding coincided with a very favorable moment in the property market development, because real estate prices are currently at levels from 10 years ago and respectively, the properties are much more affordable. We could also add to the picture the improved mortgage conditions now offered by the banks.” This is how Polina Stoykova, Managing Director and Head of Research of BULGARIAN PROPERTIES, summarizes 2014 for the real estate market in Bulgaria.
If you wish to receive the full annual report for the Bulgarian residential and vacation property market in 2014, send us an enquiry.
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