0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

2009 - Buyers' Market with Reasonable Prices

2009-01-07   |  BULGARIAN PROPERTIES Head Office

The new 2009 will be a very interesting and dynamic year on the Bulgarian real estate market. We at BULGARIAN PROPETIES forecast that the overall situation on the market will change and the investors and real estate companies will face serious challenges which, however, could reveal interesting possibilities if approached in a sensible and pragmatic manner.

It would not be right to make an explicit forecast for the 2009 property prices as there are numerous factors like bank lending, the labor market situation in the country, people’s psychological state resulting from the financial crisis, etc. all of which influence the real estate market.

We expect to receive a clearer picture of how these processes will develop in the first couple of months of 2009 after which the market trend could be analysed in more detail.

For 2009 BULGARIAN PROPERTIES’ forecasts show that

• Real estate prices will not increase. It is more likely that the quality properties will keep their current price levels while we expect that the prices of poor-quality properties, properties with bad location, the concrete residential buildings and some of the holiday homes will decrease slightly.

• Clients will become more and more exacting regarding the quality and parameters of the type of property they seek.

• Sellers will be much more inclined to make discounts to those clients who intend to buy.

• Construction of new buildings will be reduced to a minimum and those developers who remain on the market will be very few.

• The market will function in favor of the buyer and the sellers will be more disciplined.

What is certain is that 2009 will be very different from the previous years on the Bulgarian real estate market and will lay the foundations of a more professional and mature stage of the sector’s development.

For personal consultation and advice you can contact us via e-mail or call us at +359 2 868 1188.


View our hot offers


  Read more news

Share
Central Park - the best-selling new development in Sofia in 2024!
Homes for sale in one of the largest new construction developments in Sofia!

A unique gated complex recreating the style and atmosphere of New York's Central Park. Modern buildings, space, greenery and breathtaking views! A future icon of the Bulgarian capital that will bring a new standard for quality of life. Choose your home now - big choice and attractive prices!
See More
Euphoria Club Hotel & Resort - your paradise in Borovets!
Fully furnished 1- and 2-bedroom apartments in a unique complex in Borovets. All-year-round complex with all needed facilities for your comfortable stay - lobby bar, reception, bar and restaurant, outdoor and indoor pool, SPA center, underground parking and many more. Choose your holiday home here! No buyer's commission! Suitable for rental income.
See More

More News

latest news
Bulgaria Joins the Eurozone on 1 January 2026

In a historic and long-anticipated move, the Council of the European Union has given its final approval for Bulgaria to adopt the euro as its official currency. As of 1 January 2026, Bulgaria will become the 21st member of the euro area, marking a significant step forward in the country’s European integration.

This milestone is not just symbolic — it represents a major economic achi...

09 July, 2025
latest news
Two decades of Santa Marina complex – a sustainable model for coastal living

The holiday complex in Sozopol offers well-developed infrastructure and a variety of opportunities for relaxation and entertainment.

In 2025, the Santa Marina holiday village in Sozopol celebrates its 20th season – an important milestone for one of the most successful and recognisable projects on the Bulgarian Black Sea coast. Over two decades, the complex has established itself as ...

07 July, 2025
Company news
BULGARIAN PROPERTIES Agents of July 2025 🏆

Your experts in a fast-evolving Bulgarian property market!

June was an impressive month for the real estate market and a strong close to the first half of the year. Deals were finalized at a high pace, we opened a new office in Sunny Beach, launched operations in Shumen, appeared in national media, and reaffirmed our leading market position!

We are proud to present o...

02 July, 2025
Press & Media
What to expect for housing prices in Bulgaria after the introduction of the euro?

Property prices in Sofia are still significantly lower than those in other European capitals

How will the property market in Bulgaria change after we join the eurozone? This is a key question for both property owners and those considering a purchase. Will prices rise? Will there be a slowdown? Should I buy, sell, or wait?

The experience of other countries shows that a...

30 June, 2025

REQUEST DETAILS