Call
Send Email
Messenger
WhatsApp
Registry Agency: Number of Property Deals in Bulgaria Increase
According to the recently published data of the Bulgarian Registry Agency for the sales of properties in 1Q and 2Q of 2011 for the first time since the beginning of the crisis the number of concluded property deals is increasing. BULGARIAN PROPERTIES announced similar data in our analysis of the last quarter as we interpret the increase in the number of sales as the first positive signal for the beginning of recovery of the real estate market. That is also what we expected and forecasted for 2011 – the number of sales to start increasing at relatively stable prices.
According to the data of the Registry Agency the number of realized property deals has increased by 48% in the 2Q 2011 compared to a year earlier, as in the 1Q 2011 the annual increase in the number of deals was twice as less – 23% which means the last quarter was the most successful for the Bulgarian property market since the beginning of the crisis. There is a record growth in the number of sale in the 2Q 2011 compared to the 1Q 2011 – the volume of deals has rocketed by 92%.
In total, property deals in Bulgaria have increased by 38% in the first half of the year compared to the same period in 2010, as the increase in the number of deals in the regional cities is 32%. The number of concluded deals with properties in Sofia has increased by 15% in 2Q 2011 year-on-year and has almost doubled compared to the previous quarter.
The biggest increase in the number of realized sales is to be found in Northwestern Bulgaria in the regions of Vidin, Montana, Lovech, etc, around Dimitrovgrad and in Northeastern Bulgaria. This is mainly due to the great number of agricultural land deals. The main buyers are farmers, investment funds and individual investors.
View our DISCOUNTED PROPERTIES
---
Copyright: 2011 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: info@bulgarianproperties.com. The use of this article by third parties is allowed only with proper quotations of the source www.BulgarianProperties.com and the Author of the article. The data in this material has been collected by the Author and Bulgarian Properties Ltd. and is presented for information purposes only. We have made every effort to ensure the accuracy of the data. However, Bulgarian Properties Ltd. cannot be held responsible for loss or damage as a result of decisions made based on the information presented in this article.
© Bulgarian Properties Ltd. 2011.
Read more news
More News
Experts say Bulgaria’s entry into the eurozone does not automatically drive property prices upward, although the market remains under pressure. Polina Stoykova, executive director of BULGARIAN PROPERTIES, told NOVA NEWS that the market has cooled slightly in the second half of the year, following the initial surge in buyer interest after the announcement that Bulgaria would join the eurozone on Ja...
We’re wrapping up the year with confidence, professionalism, and a new era of real estate technology!
November shaped the final picture of 2025 – a strong, dynamic month with an active property market preparing for the euro and an important innovation: we launched our smart AI property search, now helping buyers and sellers connect more easily than ever!
Try it here.
...
Are you tired of searching the old way? Try something new on our website!
BULGARIAN PROPERTIES announces the launch of a revolutionary new feature on its website —an AI search engine with natural language processing that allows users to search for properties by describing what they need in words.
It understands the meaning of what is written and returns the most accu...
As autumn is in full swing, the real estate market in Bulgaria remains stable and active in anticipation of the eurozone entry.
Property prices continue to rise, and interest in new-build projects remains strong, especially for modern complexes with guaranteed quality. The year also appears to be one of the strongest for a rise in demand for rural houses which are offered in quite ...
