Property sales up 2% in 1Q 2012

2012-04-24   |  Polina Stoykova, Chief Operations Manager of BULGARIAN PROPERTIES

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: The use of this article by third parties is allowed only with proper quotations of the source 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

Vitosha View - an exclusive residential development in Sofia
Vitosha View is a gated complex at the foothills of Vitosha Mountain. It offers urban environment combined with the home atmosphere and the greenery of a beautiful garden. Vitosha View enjoys an attractive location and is perfect for investment in the Bulgarian capital.
See More

Îůĺ Íîâčíč

Wizz Air with 6 New Routes From Varna and a New Airplane

Wizz Air, the largest low-cost airline in Central and Eastern Europe, welcomed 1 new, highly efficient Airbus A320 in Bulgaria and launched 6 new routes from Varna. The new destinations from the sea capital are Berlin, Cologne, Copenhagen, Hamburg, Liverpool and Paris, with the first flights from Varna to Copenhagen, Hamburg and Berlin. With new destinations, the ever-growing WIZZ network in Bulga... read more

17 July, 2019
The key messages Plovdiv sends to Europe become part of the intercultural dialogue

Victor Yankov: I hope that in 5 years people will still remember what happened in Plovdiv in 2019

In the past six months, since Plovdiv became European Capital of Culture, this Bulgarian city appeared on the European map with small, slow, yet steady steps, without blowing its own horns. Since the beginning of 2019 we managed to send key messages and enter the big European dialogue. ... read more

10 July, 2019
"Favorite children's characters" is motto of festival of sand sculptures in Burgas

The Sand Sculpture Festival is held for the 12th time in Burgas. This year, only Bulgarian participants take part in it and the motto is "Favorite Children's Characters." This is a festival focusing on detail, sand sculptors say.

Ognyan Petkov, one of the doyennes of the forum in Burgas, says he accepts the idea of ​​the festival because he likes all children’s characte... read more

10 July, 2019
Exhibition tells the story of the first “text messages” invented at the Turnovo prison, and how an owl came to save human lives

“The museum – unexpected, open, shared” is an unorthodox exhibition which turns the idea of a museum as a place which stores memories on its head. And instead of telling one story with the help of exhibits, viewers are able to trace one story by looking at just one exhibit.

The exhibition on at the National Museum of Military History, which is on the “Plovdiv- European capital of cu... read more

10 July, 2019