29.07.2011 Registry Agency: Number of Property Deals in Bulgaria Increase
Polina Stoykova, Chief Operations Manager, BULGARIAN PROPERTIES
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.
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