Polina Stoykova for Bloomberg TV: There Is No Prerequisite for Real Estate Bubble
On the 15th anniversary of BULGARIAN PROPERTIES, the company's CEO, Polina Stoykova, was a special guest in Bloomberg TV Bulgaria's Business Meeting. See what she has shared about the real estate business, current trends, market history, and the technological development of the industry in a candid conversation with Tanya Krasteva.
There is no prerequisite for a property market bubble. This was stated by Polina Stoykova, CEO of Bulgarian Properties, on the occasion of Business Meeting with Tanya Krasteva.
She pointed out that currently the property market is being driven by local demand mostly.
"And it is linked to the fact that the economy is growing, people feel more secure about their jobs, unemployment is low, and they need housing. Bank lending is at its most affordable level ever since it exists."
According to her, this provides prerequisites for increased demand, but it would not be endless.
"This is a local, small market though. This year there will be a normalisation and not such a big rise in prices. We see a delay in the absorption of the projects. There is no prerequisite for talking about a bubble at the moment. "
"We do different things and one of them is related to the automation of the real estate valuation. This is one of our latest developments," said Stoykova.
She explained that the development is related to the creation of indexes for the property market all over the country for residential properties.
"With these indexes, an express, instantaneous assessment based on automation can be done."
See the full material and video on Bloomberg TV website
View our top new build properties in Sofia
Read more news
Housing in Sofia rose by 48.6% in four years. This ranks the capital in first place among the major cities in the ranking of property prices. The prices of newly built apartments in Sofia in the first quarter of the year are 43.3% higher than in 2015, according to data from the National Statistical Institute. In the case of existing apartments, the increase for the same period is much higher - by ...
🌞 August was the MONTH of the MONTHS with a record-high 📈 activity on the Bulgarian real estate market and excellent results of our offices throughout the country.
And Ivan Krumov was the AGENT of the AGENTS with sales volume in the 🏗 new phase of the hit complex ⭐Park View Residence⭐, which only a few manage to make for a whole year! In just two months...
We are proud do announce that we have been become a GOLD MEMBER of PropTech Bulgaria - the PropTech Hub of Bulgaria, officially representing the largest international PropTech organizations, as well as Bulgaria in these organizations.
We have been recognized as construction and real estate innovators and we are happy to be able to contribute to the technological development in the ...
(CNN) — For more than a century, Bulgaria has had little trouble enticing people to its beach resorts scattered along the Black Sea coast. City-breakers head to its main cities -- including Sofia, the capital, and Plovdiv, the 2019 European Capital of Culture -- for an enjoyable blend of culture and hearty Bulgarian gastronomy.
Rila National Park -- the country's large...