NEWSLETTER

08.11.2017 The housing market in Plovdiv: Price growth is accelerating

Plovdiv is among the most dynamic residential markets in the country with increased demand and insufficient supply, leading to accelerating growth in the property prices.

The tangible rise in prices began at the end of 2016, reaching 11% in the third quarter of 2017, according to BULGARIAN PROPERTIES. The average sale price of the dwellings in Plovdiv is 650 Euro/sq.m. for this period, as transactions are made even at higher than the average prices - about 700 Euro/sq.m., according to company data.

Currently, the demand is outpacing the supply, and although many new buildings are coming out on the market, buyers are still cautious about off-plan purchases. This supply is expected to be felt on the market after mid-2018, when the construction of the new buildings will have advanced.

According to Tsvetelina Paskova, senior estate agent of BULGARIAN PROPERTIES in Plovdiv, the preferred areas for purchase are the city center, Karshiyaka district, the area around the Rowing Base. "Real estates are sought after for both a residence and an investment, and there is a foreign interest in the investment because of the strong rental market," Paskova said.

"Property prices in Plovdiv are about 40% lower than those in Sofia, and the rents that can be achieved are similar to those in the capital, which makes the rental yields in Plovdiv higher than in Sofia and, accordingly, the housing market in the second largest city in Bulgaria is extremely attractive for investors from the country and abroad, "Paskova added.

According to the Registry Agency, the sales volumes in Plovdiv have dropped in the third quarter, but this is due to the large share of purchases of new construction and the not yet recorded deals with properties from this type.

Check out our best offers in Plovdiv


TOP PUBLISHED OFFER

 

TOP SOLD OFFER

 



  read more newsletters
Comments from clients
We would like to thank all the staff at the Elhovo office for all their hard work they have put in ...
I have been so happy with the service I have received from your agent Emilian. My wife and I are in ...
Nothing was to much trouble for Evgeni or Stanimira they were very helpful and Brilliant in selling ...
Buy in Bansko - the biggest ski resort in Bulgaria with the best prices in Europe!
Read our answers to the most frequently asked questions when buying a property
Get to know more about our company!
Read our market analyses and forecasts!
List your property with us, no marketing fees!
Latest News
Brits rate Bulgaria among the best holiday destinations for value

11/June/2019
The Sun, Samantha Lock

Source: thesun.co.uk

IT'S a good time for Brits to book a cheap holiday as prices plunge in many popular and unexpected travel hot-spots, a nation-wide travel report has revealed.

The Bulgarian resort of Sunny Beach on the Black Sea Coast offers UK holidaymakers the best value for money, while mainland Spain continues to entice tourists with its beaches, culture and c... read more

LATEST REGIONAL NEWS
Plovdiv 2019 opened doors to traveling artists from Europe

12/June/2019
https://www.novinite.com

In the period June 1 to 10th Plovdiv European Capital of Culture 2019 has welcomed more than 200 artists and musicians who came to share their art with the guests and residents of the Bulgarian city. Their international meeting in the European Capital of Culture recalls the image of the theater of wandering artists.

Unknown or nearly forgotten, traveling theater remains above all ... read more

DID YOU KNOW?
Almost 12 million Passengers Have Passed Through Bulgarian Airports in 2018

26/March/2019
novinite.com

2018 was a successful year for Bulgarian aviation, characterized by consolidation of market positions and addition of production capacities on the other. This was reported by the chairman of the Association of Bulgarian Airlines Svetoslav Stanulov during the annual report of the association for the s... read more