Property prices in Sofia on the rise
“For the first time since 2008 we have seen a simultaneous increase in all key indicators of the property market – number of sales, property prices, number of mortgages granted and activity in the construction sector with more issued building permits and started new buildings. As a result, both the buyers and the sellers now agree that the market is in an upward trend and it is now the right time for signing deals”, commented Polina Stoykova MRICS, Managing Director & Head of Research at BULGARIAN PROPERTIES.
“The investment interest towards Sofia has increased and a large number of people from around the country are now investing in properties in the capital seeing it as a stable market with good prospects for growth and return on investment. These buyers currently account for approximately 15% of the total buyers in the capital”, she adds.
The data of BULGARIAN PROPERTIES also shows an annual growth of 50% of the deals volume in Sofia. In the first quarter there was a 30% increase in the sales which means that the process of market activation is accelerating, and the past quarter has become the most successful for the real estate market in the capital for a period of several years.
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