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10.04.2012 The Bulgarian real estate market 1Q 2012

Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES

In the first quarter of 2012 the trend was the number of sales to remain similar to the same period in 2011, which is positive news on the background of an uncertain economic recovery. At present the real estate market in Bulgaria is calm, prices have reached a balance and remain more or less the same in the last six months while property supply is high-quality and diverse. The market at the moment provides very good conditions for striking a bargain deal. More and more property sellers and buyers manage to overcome the crisis and collapse mindset that had overtaken the market in the last few years and they manage to adapt to the new reality.

Highlights:
• Property prices remain similar to those in 4Q 2011
• The number of real estate deals remains close to that in 1Q 2011
• Strong interest in beach properties even during the winter
• More interest in properties in ski resorts compared to winter 2011
• Interest in quality rural houses that are ready to live in
• Bulgarians and Russians continue to be the main buyers

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