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
The real estate market in Bulgaria's major cities is calmer than expected, just months before Bulgaria joins the eurozone. The euphoria and large sales volume remained in the first half of the year, until the decision to accept the country into the eurozone. This was commented on by Polina Stoykova MRICS, Managing Director and co-owner of the real estate agency Bulgarian Properties, during the Rea...
Twenty years ago, Bulgaria became one of the most attractive destinations for British buyers searching for affordable holiday homes and retirement havens. Now, two decades later, the trend is back – and stronger than ever.
One of the many inspiring stories we’ve witnessed recently is that of Yossef, a buyer from the UK who came to explore Bulgaria with the hope of find...
🏆 Your Trusted Partners in the Peak of the Real Estate Season!
As autumn settles in, the property market in Bulgaria is showing no signs of slowing down!
Between national holidays, the start of the school year, and the buzz of city life, we at BULGARIAN PROPERTIES have been working at full speed to bring buyers and sellers together in successful transactions...
Housing prices in Bulgaria are accelerating their growth on an annual basis compared to the first quarter, both nationally and in the country's major cities, according to data from the National Statistical Institute (NSI).
In the second quarter, housing prices in the country rose by 15.5% on an annual basis, which is a slight acceleration compared to the 15.1% growth i...
