Sofia property sales increase by 11.6% in Q3

The sales of properties in the capital of Sofia has increased by 11.6% on a year by year basis in the third quarter of 2014. Below is our brief summary on the basis of the data of the Bulgarian Registry Agency. For the past three months the number of deals in the capital Sofia is 5 063, which makes about 84 sales per working day on average.

So the third quarter of 2014 became the strongest third quarter for the property market in Sofia since 2008. However, for nearly two years we have been seeing a permanent annual increase in sales in Sofia for each quarter, which indicates that the recovery of the market in Sofia is sustainable.

Not that optimistic are the sales in the country and in the different regional towns. The property sales decreased by 3% in the country, and the deals in the regional towns declined by 0.15%.

With regard to the regional towns, it should be noted that sales in Varna have increased by nearly 3%, which is a positive sign for recovery in the seaside capital, after a slack period there, while the main interest was directed mainly to the south of the coastline.

The sales in Plovdiv increased for a consecutive quarter by 7.5%.

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