28.04.2010 NSI Published Data about Property Prices in Bulgaria 1Q 2010
According to NSI in the first quarter of 2010 compared to the last quarter of 2009 prices of residential properties have dropped by 2.3% on average as they returned to the levels of the first quarter of 2007. According to BULGARIAN PROPERTIES the reported decrease in the offer prices of properties from the beginning of 2010 is 5%, as the average decrease in offer prices in the country since the beginning of the crisis up to now is 25%.
The decrease in the offer prices of properties was more obvious in the beginning of the year as it was in the period between January 20th 2010 and February 10th 2010 that there were most properties with discounted prices. It is exactly these discounts that attract the interest of the buyers who follow the market closely and notice every bargain offer.
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Has the Bulgarian property market reached the bottom?
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