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BULGARIAN PROPERTIES on Bulgarian National Television’s Morning Program
BULGARIAN PROPERTIES CEO Mihail Chobanov was invited to take part in the morning program Deniat Zapochva on Bulgarian National Television and to comment the latest trends on Bulgaria’s real estate market.
On the question whether the prices of real estate will drop Mihail Chobanov answered that this is not expected to happen especially in the big cities and in the luxury property segment where the trend is the prices to increase in a stable rate. He added that the investment in real estate is still safe and profitable and advised people to invest in that sector. In the last couple of years the economic situation in the country has been improving and the result is increase in salaries which on its part leads to a higher level of mortgage loans. According to Mr. Chobanov this trend is going to continue and more and more Bulgarians will be able to afford a new home.
In conclusion BULGARIAN PROPERTIES CEO shared that it is of great importance to the future of the real estate market what the strategy of the Bulgarian government will be regarding the popularizing of the country and its rich cultural-historical heritage with the aim of attracting more foreign investors.
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