NEWSLETTER

2017-11-08

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

Share
Vitosha View - an exclusive residential development in Sofia
Vitosha View is a gated complex at the foothills of Vitosha Mountain. It offers urban environment combined with the home atmosphere and the greenery of a beautiful garden. Vitosha View enjoys an attractive location and is perfect for investment in the Bulgarian capital.
See More
Properties in the Bulgarian Beach Resorts!
Check our selection of properties on the Bulgarian Black Sea Coast! Attractive prices starting from just 15,000 Euros for a furnished studio! Regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays and more
See More

More News

Company news
BULGARIAN PROPERTIES Agents of September

Hello, September!

The new season has begun and we look forward to seeing you at our offices around the country to fulfill all your real estate dreams and to help you buy, sell or rent property easily and securely, with the highest protection of your interests!

Let's see who our AGENTS OF SEPTEMBER are that we recommend with two hands!

All of them deserv...

04 September, 2019
latest news
Bulgaria Air Launches Joint Flights to Caribbean, Seychelles and Maldives with German Condor

Bulgaria Air starts offering flights to some of the most exotic destinations in the world. The Bulgarian airline has signed an agreement with the German airline Condor, part of the Thomas Cook Group, allowing passengers from Sofia, Varna and Burgas to travel to exotics such as the Caribbean, Seychelles, Mauritius, Maldives and dozens of destinations in Malaysia, with convenient connections via Fra...

02 September, 2019
latest news
Foreign tourists choose to spend summer vacation in Bulgarian mountains

Whether because of the summer heat or the favorable conditions for mountain tourism, the number of foreigners who chose to spend their summer vacations in Bulgarian mountains is on the rise. A popular place is the mountain town of Elena, which attracts with its tranquility and authentic Bulgarian houses that have preserved the spirit of the National Revival period. Along with the Bulgarian tourist...

30 August, 2019
latest news
Tips from an Experienced Holiday Home Owner in Bulgaria

We are always happy when we receive feedback from our clients and they share their personal experience of acquiring real estate and living in Bulgaria! Marat shares his story of purchasing an apartment in Sunny Beach, check out his tips.

The Tarsis Complex (Tarsis Club & SPA, Sunny Beach, Bulgaria) was originally planned, designed and built as a club-type resort for cosy and comfort...

13 August, 2019

REQUEST DETAILS

Find a property with the biggest available choice
Choose what marketing communication you would like from us: