Call
Send Email
Messenger
WhatsApp
BULGARIAN PROPERTIES: The Bulgarian Property Market in 2009 - Latest Figures, Overview and Future Trends
The latest analysis of BULGARIAN PROPERTIES of the Bulgarian real estate market shows that November 2009 was much more dynamic than expected.
The total number of deals BULGARIAN PROPERTIES realized in the country is only 15% less compared to October. This result differs from previous years when the number of new deals in October was always much higher compared to November.
According to BULGARIAN PROPERTIES the most important events on the market in 2009 – a year after the beginning of the crisis, are as follows:
• 40% decrease in the number of concluded deals in the country for the period January-November 2009 compared to the same period in 2008;
• 32% decrease in the average price of concluded deals with residential properties in Sofia in 2009 until the end of November compared to 2008 (65,400 Euro in 2009 compared to 96,200 Euro in 2008);
• 13% decrease in the rental levels of residential properties in Sofia (for the period January-November 2009 compared to the same period in 2008) and retention of the rental levels in Varna;
• 30% decrease in the rental prices of commercial properties (offices and shops) in Sofia and Varna;
• Over 50% decrease in the prices of Bansko apartments and 30% decrease in the prices of Sunny Beach apartments;
• 35% decrease in the average price of rural properties around the country for the period January-November 2009 compared to the same period in 2008.
• An increasing number of offers with discounted prices.
According to the company in 2010 the property market will continue to follow directly the development of the country’s economy so when the economy starts coming out of the crisis the real estate market will start recovering as well.
If you wish to read the full analysis and the 2010 forecasts, please click here.
Selection of Sofia Apartments at Prices under 800 EUR per sq.m.
View our BEST BARGAIN properties
View our DISCOUNTED PROPERTIES
Read more news
More News
2024 kicked off with a dynamic property market in Bulgaria, and this activity was sustained throughout the first quarter, making it one of the strongest quarters in housing market history. This was confirmed by data from the Registry Agency, which showed an increase in sales volumes in the country's leading markets.
This year, the market switched into a higher gear. T...
Spring is here, bringing new opportunities in the real estate market!
March was a month full of property transactions, reinforcing market activity and allowing us to successfully conclude the first quarter of the year. We witnessed significant movement not only in the major cities but also in our favorite seaside and ski resorts. Additionally, the season for buying rural houses is i...
We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.
This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.
In our new office, clients will be able to take advantage of the ful...
In a series of materials, we present you with useful information on how to best prepare your home for viewings and how to determine the right price of your property.
Here we will focus on the heart of the transaction. Buying and selling real estate often seems a complicated and cumbersome procedure, requiring a number of documents and communication with various institutions. And buy...
