BULGARIAN PROPERTIES: The Bulgarian Property Market in 2009 - Latest Figures, Overview and Future Trends

2009-12-11   |  Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES

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 countrys 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

Share
Properties in the Bulgarian Beach Resorts!
Check our selection of properties on the Bulgarian Black Sea Coast! Attractive prices starting from just 15,000 Euros for a furnished studio! Regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays and more
See More

LATEST REGIONAL NEWS
Street Food & Art Festival in Burgas is a New Concept for an Urban Festival

Street Food & Art Festival is a new concept for an urban festival, its organizer Nikolay Todorov told Focus Radio.

The festival, held with the support of Burgas Municipality, is taking place in Burgas. More than 15 of the Best Street Food culinary artists in Bulgaria have been invited, Todorov said. "We are talking about mobile kitchens, kitchens on wheels, caravans, campers, truck... read more

13 August, 2019
LATEST REGIONAL NEWS
Archeologists unearth church from 6th century near Gabrovo

An early Byzantine church, 20 by 10 meters in size, made from rock blocks and brick layers, with a floor lined with ceramic tiles has been discovered by archaeologists.

It has two entrances on the south and west sides and an interesting altar section, as it had benches where clergymen were sitting, as well as a bishop's throne in the central place, Professor Hitko Vachev said. He a... read more

13 August, 2019
LATEST REGIONAL NEWS
Seaside Garden in Varna turns into large-scale arts and crafts exhibition

For the 23rd time the International Fair of Crafts and Arts Bulgarika will become a venue for a big number of artists and craftsmen. In the period August 1 21, some of the best artisans in the fields of fine and applied arts, crafts and music will participate in it. Traditionally, the audience will actively participate in the fair as they will be able to take part in crafts or arts workshops or... read more

13 August, 2019
LATEST REGIONAL NEWS
Staro Zhelezare village once again hosts Street Art Village Festival

Until the end of August, the village near Plovdiv is once again hosting Staro Zhelezare Street Art Village Festival.

The village itself has no more than 400 inhabitants. Every year the people behind this project artists Katarzina and Ventsislav Piryankovi and students of theirs from Poznan, Poland, transform the place, painting and drawing on the walls of houses and fences.
... read more

13 August, 2019

REQUEST DETAILS


Fatal error: Uncaught Error: Call to undefined function display_gdpr_fields() in /usr/hosting/bulgarianproperties-com/bulgarianproperties.com/foot.php:114 Stack trace: #0 /usr/hosting/bulgarianproperties-com/bulgarianproperties.com/bulgaria-news.php(297): include() #1 {main} thrown in /usr/hosting/bulgarianproperties-com/bulgarianproperties.com/foot.php on line 114