BULGARIAN PROPERTIES' Chief Operations Manager: The Readjustment Process on the Market Is at Its End
In its March issue the Bulgarian magazine Imam Imot published an article about the actual prices of properties in Bulgaria. In it the Chief Operations Manager of BULGARIAN PROPERTIES Polina Stoykova comments that the market is getting nearer to finishing the process of price readjustment and to finding a balance.
According to Ms Stoykova the last research of BULGARIAN PROPERTIES based on actual offers and concluded deals shows that there is still discrepancy between the offer prices and the prices at which deals are concluded. This discrepancy varies between 5 and 15% for the different regions and property types.
Polina Stoykova also comments that the issue of what is the real value of properties in Bulgaria still remains. Perhaps the market is very close to finding the point of balance. According to her by the middle of 2010 the process will end and the market will reach the bottom, after which upon a positive development in the economy we could expect an increase in the deals and stable prices.
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Has the Bulgarian property market reached the bottom?
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