Call
Send Email
Messenger
WhatsApp
Property sales up 2% in 1Q 2012
This is what the Bulgarian Registry Agency announced yesterday with regard to the number of real estate deals around the country. The data confirms the general trend of retaining the sales similar to last year, which BULGARIAN PROPERTIES outlined in its real estate analysis for the first quarter of 2012.
According to the Registry Agency in 1Q 2012 35,821 sales were concluded in total, as 20,037 them were in the regional cities (56%).
The number of deals in the capital Sofia is 3,324, as same time last year they were 3,644 showing a drop of 8.8% year-on-year. In Varna the drop in property deals is 5.6%, while in Bourgas and Plovdiv there is an increase of 7.17% and 2.56% respectively.
In the first quarter of 2012 property sales were up 2% compared to the same period last year as it was then for the first time after the beginning of the crisis that we noticed a trend of an increase in the number of property sales. This trend continued well into the following quarters but the pace slowed down. The slowdown in the rise of the number of sales started in the second half of 2011 as deals increased by 23% and 48% in 1Q and 2Q respectively year-on-year. In 3Q and 4Q 2011 the rise in the number of property deals in the country was 17% and 6.4% respectively.
The biggest increase in the number of sales is to be found in smaller settlements like Panagyurishte (239%), Chepelare (215%), Omurtag (119%), etc. as this might be due to the dynamic agricultural land market – a trend which began last year and still continues.
---
Copyright: 2012 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. 2012
Read more news
More News
Bulgaria's property market is entering a more balanced phase, with price growth slowing but no signs of a market crash. At the same time, the country's entry into the eurozone is creating new opportunities to attract international property buyers and investors. These were among the key messages shared by Polina Stoykova MRICS, Managing Director of BULGARIAN PROPERTIES, during an inte...
We are entering the final quarter of the year – traditionally one of the most important periods for the property market.
Following the summer months, September brought the market back to its usual rhythm. Buyers are active again, sellers are moving ahead with their plans, and quality, correctly priced properties continue to find their new owners.
One of the key trend...
We are welcoming Autumn with encouraging signs from the Bulgarian property market! 🍂🏡
August, traditionally one of the quietest holiday months of the year, brought a noticeable increase in activity. The market once again demonstrated that when attractive properties are offered at the right price, buyers are ready to act and transactions can happen quickly.
Bulgaria is preparing for one of the biggest international events in its recent history. Burgas has officially been selected to host the Eurovision Song Contest 2027, bringing Europe’s largest live music show to the Bulgarian Black Sea coast for the first time.
The 71st Eurovision Song Contest will take place in Arena Burgas, with the two Semi-Finals scheduled for 11 a...
