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June Was the Most Dymanic Month on the Property Market
A substantial growth in real estate sales was reported in June following a stabilization of the market from March to May, when deal volumes were similar. Bulgarian Properties data shows that the number of concluded sales agreements during the previous month increased by 50% compared to May. Experts state that these sales are made at prices about 50 percent lower compared to the first quarter of 2009, as this applies to all types of properties.
A research of Bulgarian Properties shows that the number of deals with finished properties is comparable with the number of sales made in June 2008. Off-plan property agreements concluded in June are 88 percent less compared to the same period last year. According to experts this only confirms the trend of avoiding the purchasing of off-plan apartments due to the higher risk it brings and also due to the big supply of already finished properties.
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