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

BULGARIAN PROPERTIES took part in the Sound of Money forum

2023-06-07


BULGARIAN PROPERTIES CEO Polina Stoykova was a speaker at the panel "The Future of the Real Estate Sector" at the "Sound of Money" forum.

The forum is one of the largest economic events in Bulgaria. It took place on June 6, 2023, at the Sofia Event Center and brought together leading experts from international, European, and local institutions, as well as representatives of senior management and business in Bulgaria for the 14th consecutive year.

The event was hosted by bTV journalist Svetoslav Ivanov, and among the speakers were names such as Jeff Gottlieb, Senior Regional Representative of the International Monetary Fund for Central, Eastern, and Southeastern Europe; Sandra Švaljek, Deputy Governor of the Croatian National Bank; Asen Vassilev, Minister of Finance of the Republic of Bulgaria; Matjaž Sušec, Chief Advisor in the Economic Directorate of the European Investment Bank; Lachezar Bogdanov, Chief Economist at the Institute for Market Economics; and Liliana Pavlova, Vice President of the European Investment Bank.


The real estate panel was moderated by Boris Dimitrov (Credit Navigator), and participants included Diana Kanazireva (OKOL Lake Park), Polina Stoykova (Bulgarian Properties), Veneta Hristova (Max View Property), and Milan Galabov (the investment company in GORA complex). The panel generated great interest, with numerous questions from the audience and an active discussion about the future of the real estate market.

The participants summarized the current market trends, which they considered favorable for its development. Polina Stoykova noted that activity this year is at good levels, with the market achieving a new balance of higher prices and better property supply. Sellers are becoming more open to dialogue and negotiations, realizing that the market has reached its peak and it is a good time to sell.

Interest in new construction continues to be high. Agency data shows that buying at an early stage of development results in a 15-20% lower price compared to advanced stages of construction. However, it is advisable to thoroughly research the investor, financing methods, and other completed projects.

The panel also highlighted the property demand trends around Sofia, with two panel representatives discussing interesting projects currently under construction. One is OKOL LAKE, located near the Iskar Reservoir, offering luxury houses based on individual designs that attract people with good financial resources and their own businesses.

Another interesting project is a complex in the city of Pernik, which has generated significant interest and has a waiting list of buyers for the upcoming phases. The reason for this is the affordable prices and proximity to Sofia. Thus, Pernik is becoming a hot spot and a more affordable location, acting as a satellite city to Sofia.


When asked where to invest if someone has 200,000 euros, Polina Stoykova responded that, in her opinion, the most stable investment remains the central urban areas, considering their value preservation and growth potential. Another option is investing in 1-bedroom apartments in new development projects for rental purposes.

However, if we view properties as assets that allow us to change our way of life and derive benefits such as a better life, new experiences, opportunities, and meeting new people, an excellent investment could be a property on the first line with sea views.

Stoykova believes that there will be no market shocks or declines this year. She is rather optimistic about the development of the housing market. It will further stabilize in the second half, with price growth slowing down to around 10-15%.

'It is positive that we are starting from a very low base, and even if interest rates increase, they will not hinder property purchases', concluded Stoykova.



Check out our offers in Sofia

List a property for sale with us!



  Read more news

Share
Rural Houses in Bulgaria - wonderful in every season!
A real peace of heaven in the Bulgarian countryside! Your own holiday home in a magic world hidden from the stress and the noise of urban life.

Join us on a journey back to nature!
See More
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

More News

latest news
Housing prices in Bulgaria with double-digit growth. Top tips for sellers

According to NSI data for the first quarter of 2024, residential property prices in Bulgaria have risen by 16% compared to a year earlier. Such accelerated growth has not been recorded since 2022. By comparison, in 2023, annual price growth was about 10%.

NSI also recorded a similar upward movement in household incomes, with data for the first quarter of 2024 showing that the countr...

16 July, 2024
latest news
Eurostat: Bulgaria Tops EU in Q1 Housing Price Growth

House prices in the first quarter of 2024 were down 0.4% in the euro area and up by 1.3 % in the European Union (EU), recent data that Eurostat made public on Friday shows. The data has Bulgaria leading EU in quarter-to-quarter increase in house prices and second after Poland in terms of year-on-year growth in the first quarter.

Eurostat highlighted a comparison with Q4 of 2023, sho...

08 July, 2024
Company news
BULGARIAN PROPERTIES Agents of July 2024

Hot, active, dynamic - such was the property market in Bulgaria last month, and so are our top agents who are by your side in every step of the transaction. 🔥

📈 We've wintenessed another strong month for the property market and we're entering the no less active summer months, which have shaped up as the peak months for the market in recent years.

The a...

02 July, 2024
Company news
BULGARIAN PROPERTIES Agents of June 2024

🎉 AGENTS OF THE MONTH JUNE 🎉

Traditionally, we can't start the new month without celebrating our top agents!

Congratulations to the outstanding professionals who showed high results in May!

And what a fantastic month May was – warm, festive and very fruitful for the property market in Bulgaria and for us as a company

BU...

03 June, 2024

REQUEST DETAILS