2006-12-20   |  Dnevnik a.m.

The number of property transactions has increased 2 to 4 times in December in comparison with previous years, Dnevnik learned from notaries and real estate brokers.
The business surge spans the whole range of real estate segments from residential to undeveloped land.

According to realtors surveyed by Dnevnik, the uptick in property transactions is due to the upcoming increase in tax valuations and notary charges, the uncertainty concerning the designation of protected sites under the Natura 2000 program and the delisting of properties in anticipation of a price bump after Bulgaria's EU entry.

2006 is headed for a record number of property transactions at over 280,000 said manager of a real estate agency. Bulgaria's Registry Agency recorded 240,000 property transactions in 2005.

Property valuations for tax purposes are expected to increase by 20% on average in 2007 but the upward revision could be even higher in some regions depending on the local authorities.

Bulgaria will also introduce VAT on transactions with land properties from 2007.
Land prices in Bansko, Razlog and Dobrinishte are rising by the day. Domestic property prices added 15% on average in 2006. This data is backed up by a market overview released by local think-tank Industry Watch.

The local realtors are convinced there will be no sharp jump in property prices after January 1. They expect the market to post a price gain of 10% next year.

The National Real Property Association (NRPA) said in November that some 5 mln sq m of housing estates will be placed on the market in 2007 which breaks down to 20,000 new homes with an average size of 100 sq m. Some 17,000-18,000 new homes are transacted annually in Bulgaria, NRPA chairman Orlin Vladikov said at the time, adding that the developers will struggle to find takers for close to 5,000 new homes.

  Read more news

Properties in Bansko
Buy your own property in the top ski resort of Bansko! An all-year-round resort suitable for winter and summer tourism with the best prices in Europe! Prices starting from as low as 10,000 Euros!
See More
Beach Villas on the Bulgarian Black Sea Coast
Searching for your own place in the sun?
Explore our selection of lovely houses and villas situated in the beach resorts and in the villages nearby! Prices with no competition in Europe!
See More

More News

latest news
Official non-working day in Bulgaria

We would like to inform our clients and partners that 22nd September is a National Holiday in Bulgaria in celebration of the country Independence and 23th September will be an official non-working day.

On this day our offices will be closed. We will be back on Tuesday, 24th September.

Please be advised that during the official holiday the banks, the notary offices a...

19 September, 2019
Company news

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


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