10.04.2020 Bulgarian property market during Covid-19 pandemic
Here is a quick summary of what has been happening on the property market in the past few weeks since the start of the state of emergency in Bulgaria:
🔵 First of all, we are all ok and working. Our consultants are available online and on the phone
🔵 Property viewings are allowed to be carried out, but only with all precautions taken and in the case of serious interest
🔵 Many of the viewings and the meetings we conduct daily are virtual and based online which can be beneficial for all of you who cannot travel at the moment
🔵 We continue to make new deals, albeit with reduced volume
🔵 There is quite a good interest to property in Bulgaria, especially to rural houses - and we have plenty to offer!
🔵 The notary publics are open and deals can be finalized, keeping all the required measures and under special regime and working hours
🔵 Construction of the new buildings continues
🔵 We offer you a new level of service based on new technology and innovations for which we are completely ready
🔵 We are constantly monitoring the market and have an up-to-date data for the whole country, so we can give you the best advice
We are waiting in anticipation for the crisis to be over and for the better days to come.
Until then - stay safe at home!
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We are slowly returning to our normal everyday lives and the Bulgarian property market is experiencing a growing demand and a rising volume of deals after the corona virus lockdown.
Here are the present market trends which mark the start of a new beginning for the property market in Bulgaria:
🔵 Technology stays with us to help us in the new reality! We will ne...
The average selling price of residential properties in Bulgaria's capital Sofia increased by 4.0% on an annual comparison basis in the first quarter of 2020, local company Bulgarian Properties said.
The average price of dwellings in Sofia reached 1,120 euro ($1,219) per sq m in the first quarter, the realtor said in a quarterly property market analysis published last week.
High activity during the first 3 months of the year and acceleration of the price growth to about 4% on an annual basis. This is how the real estate market in the Bulgarian capital of Sofia developed until mid-March, when the state of emergency was introduced and many economic activities where put on hold.
Average Prices and Annual Change
In the first quarter of 2020...
BRITS could return to Bulgaria's Sunny Beach as soon as July as the country reduces its lockdown measures.
To encourage tourists, beaches will also offer free loungers, sun beds and tables when they open again for business.
Bulgaria has managed to keep coronavirus cases relatively low - the country has reported just 1,704 infections, and 50 deaths.