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

Polina Stoykova: Rural houses are the hit of 2020

2020-06-26   |  profit.bg


At the moment - in June, the property market is quite active, the crisis seems to be behind us. At least that is what the behavior of the market participants shows. Overall, there is quite a good activity and it's as if we're back at the beginning of the year.

People who inquired about properties in early March are now returning to those same properties and are buying them. For me, these 2-3 months were a pause and restart, people started from where they had stopped.

This is what Polina Stoykova MRICS, Managing Director & Head of Research of BULGARIAN PROPERTIES said during the 11th edition of the economic forum The Sound of Money.

"An increased demand is observed both in Sofia and the other city markets. We work with the pre-crisis prices. "People saw that construction of the new development projects didn't stop in these 2-3 months," Stoykova added, "which was pretty good news for the market," she said.

Some of the developments even managed to get Act 16 (Permission for Use) during this period, while most of the others made significant progress, which has played a key role in maintaining the confidence of buyers, she added.

"After the checkpoints were dropped and people could travel freely around the country, buyers became more active. Currently, the market is in a better shape than before the crisis, as we have activation in the segment of both holiday properties and rural houses, which are proving to be the hit in 2020, said Stoykova.

There will certainly be a lot to learn from what is happening this year. First - the year will be much shorter - 10 months instead of 12. Secondly, everything is happening at a fast pace, and all these processes, which had been postponed, have suddenly been able to make a progress towards a greater digitization. As already mentioned - a lot of new technologies have entered our work, such as the virtual 360-degree tours.

For me, this will be the major outcome of 2020 - the added value is much more appreciated by customers and they will become increasingly demanding of us as consultants, brokers and professionals.

Attention is also paid to the planning of new buildings and their future occupancy. More and more construction entrepreneurs and investors turn to us for advice at this early stage because they realize that the success of the project depends a lot on the concept and design, said Stoykova.

What is happening right now is that we are all thinking very carefully about what we can buy and what we can invest in. The sellers are much more flexible in their intentions and in the possibility of negotiations.

This year, among other things, provided an opportunity to achieve a better dialogue between market participants and to achieve a better balance and to spread the upward market trends from the large cities to smaller settlements, villages and resorts, Stoykova added.

Stabilization will be observed on the market, and in terms of prices I do not expect anything different from last year. With careful and well-thought actions each of the market participants can be successful on the real estate market in Bulgaria this year, she concluded.

Check out our rural property offers


  Read more news

Share
☀️ Discover wonderful homes in the Bulgarian beach resorts!
Check out our selection of properties on the Bulgarian Black Sea Coast! Attractive prices, regular flights to Burgas and Varna international airports. Perfect for frequent visits, summer holidays, and more.
See More
Festa Chamkoria Forest Residence - Turnkey Apartments for Sale in Borovets
Feel at home in Borovets! Buy your own vacation apartment in a completely finished and operational complex with quiet location among a century-old pine forest. Available studios, 1- and 2-bed apartments at attractive prices, no buyer's commission. With guaranteed rent!
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