07.01.2015 Bulgarian property market in 2014 and forecast for 2015
'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 property because real estate is a safe real asset and 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.
'In conclusion, we can say that 2014 was the most successful year for the real estate market in Bulgaria since the beginning of the crisis. Of course, we are not overoptimistic because there are some negative trends as the outflow of the Russian buyers and the still lower volume of property sales compared to the pre-crisis years. However, it is clear and obvious that the buyers have permanently returned', she adds.
Forecast for 2015
In 2015 the trend of recovery will continue as the demand for properties in the major cities will continue to grow, and the supply will become increasingly limited due to the low levels of new construction.
A lot of Bulgarians will decide to buy property by the sea and in the ski resorts - this trend started last year and we see that the interest is sustained, and the prices are very attractive. We expect that next year the real estate market will be driven largely by the Bulgarian buyers including the segments that were traditionally dominated by the foreign buyers. 'We also notice an increase of interest to properties in Bulgaria by British buyers and we expect this trend to evolve in 2015', comments Stoykova.
The demand will be primarily aimed at apartments in the largest cities, houses in the villages close to the cities and holiday apartments in the most popular beach and ski resorts. In the big cities the properties will be bought both for personal use and as an investment - a trend that started in 2014 and will continue in the coming years.
View our top ski properties
Choose the best beach property!
... or invest in Sofia!
Copyright: 2015 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: firstname.lastname@example.org. 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. and the Author 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. 2015.
TOP PUBLISHED OFFER
1-bedroom apartment for sale in Razlog https://www.bulgarianproperties.com/1-bedroom_apartments_in_Bulgaria/AD36625BG_1-bedroom_apartment_for_sale_in_Razlog.html
Holiday property in complex with a lot of facilities, just 8 km from Bansko We offer you this 1-bedroom apartment with a total area of 56 m2 which is situated in a gated development ... read more
|55.70 m2||no||€ 29,995|
TOP SOLD OFFER
read more newsletters
The Top Ten Places to Buy Abroad in 2019 index brings to you the latest update on the most in-demand locations for property hunters on aplaceinthesun.com. The latest issue of the index shows Bulgaria is back in the Top 10 countries to buy!
Bulgaria - new entry for 2019!
Bulgaria is back! Well, it has been slowly returning over the past couple of years so this not a co... read more
Vitosha Boulevard is on 47th place for the most expensive commercial street in the world for this year. It climbs to its highest position for the past five years.
The annual Main Streets Across The World report, celebrating its 30th anniversary, tracks 446 of the top retail streets around the globe and ranks the most expensive in 65 countries by prime rental value utilizing Cushman ... read more
Thirteen beaches in Bulgaria and one marina have been awarded the world Blue Flag certificate for meeting stringent standards for quality, safety, environmental education and information, the provision of services and general environmental management criteria.
This year’s Blue Flag bea... read more
All photos, texts, video clips, charts and banners on our website are property of our company or of our partners and are protected by the Copyright Act of the Republic of Bulgaria. Any unauthorized use of photos, texts, videos and other materials from our website by third parties will be subject to immediate claim on the part of the copyright owners. The information on our website is with information and advertising purposes. Alhtough we have made all efforts to provide accurate information, there may be some mistakes. For full and correct information is considered only the information received at the offices of Bulgarian Properties Ltd.