0
Hello,
Favourite properties (0)
Saved searches
Selected for you
Notifications
Subscriptions
Settings
Sign out
Close

Property Prices in Bulgaria Reach Balance Point

2010-11-11   |  stroitelstvoimoti.com, 8.11.2010

The worst on the property market in Bulgaria is now over. Although there are no convincing signals for the beginning of a recovery yet there is room for optimism. After two years of crisis property prices found their balance point. Prices of real estate are at their lowest point. The exception is the industrial land and rural houses where demand is limited and prices are still dropping. These were some of the main conclusions real estate experts came to during a discussion forum held in Sofia at the beginning of November.

The last two difficult years have had a big positive effect in the market, experts agree. The reason for that is that all the mistakes the players in the sector made became obvious. The most important thing builders, investors and architects learned from the crisis is that whatever they do from now on must be of high quality.

According to the experts the residential property market did not come to a halt in the crisis. Moreover, lately the segment has been more dynamic. The number of buyers is increasing gradually and in time the big supply will be absorbed, experts forecasted. This year property prices remained stable; there are minimal drops which will most probably be under 10%.

The office and commercial property segment is also more dynamic now. Proof of that is the total of 3.37 million sq.m. of projects around the country which were restarted. Analyzers underscored that what buyers demand is good quality. That is why there will be a further price decrease only for those sites which do not comply with present requirements.

Although now all branch representatives are optimistic about next year the future will not be bright for all projects. One of the pessimistic forecasts is about the sale of off-plan properties which no longer have a place on the market. What is expected is developers to use financing from banks as buyers are now looking for a finished product. Big commercial sites will also probably not be built in the next 5 years. However, there might be a boom with production sites.

View our DISCOUNTED PROPERTIES

  Read more news

Share
Euphoria Club Hotel & Resort - your paradise in Borovets!
Fully furnished 1- and 2-bedroom apartments in a unique complex in Borovets. All-year-round complex with all needed facilities for your comfortable stay - lobby bar, reception, bar and restaurant, outdoor and indoor pool, SPA center, underground parking and many more. Choose your holiday home here! No buyer's commission! Suitable for rental income.
See More
Central Park - the best-selling new development in Sofia in 2024!
Homes for sale in one of the largest new construction developments in Sofia!

A unique gated complex recreating the style and atmosphere of New York's Central Park. Modern buildings, space, greenery and breathtaking views! A future icon of the Bulgarian capital that will bring a new standard for quality of life. Choose your home now - big choice and attractive prices!
See More

More News

Press & Media
What to expect for housing prices in Bulgaria after the introduction of the euro?

Property prices in Sofia are still significantly lower than those in other European capitals

How will the property market in Bulgaria change after we join the eurozone? This is a key question for both property owners and those considering a purchase. Will prices rise? Will there be a slowdown? Should I buy, sell, or wait?

The experience of other countries shows that a...

30 June, 2025
Company news
BULGARIAN PROPERTIES expands its operations with a representative in Shumen

We are pleased to announce starting operations in Shumen area, with which we continue to pursue our mission – to be present in every region of Bulgaria, providing you with professional service, security and full support in real estate transactions.

Our new regional representative for Shumen and the surrounding areas is Galina Kirilova – a licensed real estate appraiser...

23 June, 2025
Company news
BULGARIAN PROPERTIES now at a new address in Sunny Beach!

New season, new office, same trusted team!

With the summer season upon us, we are pleased to announce that the BULGARIAN PROPERTIES office in Sunny Beach has moved to a new location!

Our team welcomes you in Trakia Apartments complex, on the ground floor - right opposite T Market store.

📅 The official opening took place on 7 June 2...

10 June, 2025
Company news
BULGARIAN PROPERTIES Agents of June 2025 🏆

After another strong month on the Bulgarian real estate market, despite the holidays and long weekends, we’re proud to announce our Top Performing Agents for June – the professionals who delivered outstanding results throughout May!

May proved once again that demand remains high and transactions are moving fast. We added new attractive properties, were featured in prestigious media...

03 June, 2025

REQUEST DETAILS