Property sales in Sofia in H2 of 2014: The Return of the Buyers
A report by BULGARIAN PROPERTIES for H2 of 2014:
'Our optimistic expectations for this year have been justified, especially in the second half of the year, when we saw a significant activation on the property market in Sofia. The sales of residential properties in the capital grew by 15% compared to last year and now we can confidently say that the second half of 2014 will become the most successful period for the residential real estate market in Bulgaria since the beginning of the crisis.' This is how Polina Stoykova, Managing Director of BULGARIAN PROPERTIES summarizes the second half of the year for the real estate market in Sofia, Bulgaria.
'On one hand this is due to the stabilization of the market and the completion of the downward price trend and, on the other hand, this is due to the return of the confidence in the property market. More and more buyers are thinking of buying property because property is a safe real asset', she adds.
Many people, who have been postponing the property purchase, have returned to the market and decided to buy property. Others are driven by the desire to make a reasonable investment and generate rental income due to the high demand of rental apartments in Sofia. The return of the buyers was also driven by the improved mortgage loans' conditions.
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