The Bulgarian Property Market 2010/2011 – Trends and Perspectives

BULGARIAN PROPERTIES published its 2010 analysis of the Bulgarian real estate market, as well as its forecasts for what will happen in the next year and a half. Some of the main trends on the property market in Bulgaria in 2010 are:

• Increase in the total number of property deals compared to 2009 by about 10% - after big fluctuations on the market and plummeting of the number of deals on a monthly basis the final result will be an increase in the number of deals around the country in 2010. This signal can be seen as the first positive sign of recovery but one should also take into consideration the fact that the increase in the number of deals is recorded on an annual basis on the background of slow first months in 2009. The recovery will first start with an increase in the number of deals and only after that with an increase in prices.
• Increase in the market dynamics in the capital Sofia and the other big cities in Bulgaria although compared to the dynamics in Sofia the market in the other regional cities is quite slow.
• Increase in the deals with beach properties by 20% compared to the deals in the summer of 2009. There is no change in the prices and preferences of the buyers compared to 2009 and to the previous quarters in 2010
• Growing interest towards holiday apartments at bargain prices
• Decrease in the interest in rural properties and continuing drop in their prices
• Increase in the share of the Russian buyers with 40% compared to 2009
• Complete absence of British buyers on the market in Bulgaria in 2010
• Narrowing of the nationalities buying properties in Bulgaria and more active buyers in the face of Bulgarians and Russians.

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© Bulgarian Properties Ltd. 2010.

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