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18.08.2009 BULGARIAN PROPERTIES Chief Operations Manager: 'Now is the right time to buy property, so start searching.'

Velimira Dimitrova, BULGARIAN PROPERTIES

On August 18th 2009 BULGARIAN PROPERTIES Chief Operations Manager Polina Stoykova was a guest of the Dobar Den (Good Day) broadcast on Hristo Botev radio program. The topic of the program was the prices of real estate at the moment, how much they have fallen in the last few months, whether they will decrease further, who is the buyer at the moment and what are the risks for buyers overestimating their powers and resources.

Polina Stoykova commented that in the last few months property prices decreased quite a lot but a many people expect them to decrease further and therefore are at a stand-by position. On the question whether the prices have reached their lowest Ms. Stoykova didn’t take it upon herself to forecast whether they will decrease more but advised the future buyers to go to viewings, to be informed about the market trends and to consult property experts.

Regarding whether now is the right time to buy property Polina Stoykova said that if one is looking for good prices, bargain offers and a wide choice then yes, it can be said that the current crisis has made it a very good time to purchase property. At the moment those buyers who have money saved can already afford to buy a bigger home with the same budget. The year 2009 is the year of the buyer and it is now that the buyers are in the position to bargain and negotiate and the result is that they manage to get very good conditions.

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