Real estate sales in Bulgaria up 23% in 1Q 2013
This is what the Bulgarian Registry Agency announced with regard to the number of real estate deals around the country for the first quarter of 2013. According to the Registry Agency, a total of 44,174 sales were concluded in 1Q 2013, as 24,061 were in the regional cities (55%).
The number of deals in the capital Sofia is 3,600, as same time last year they were 3,324 showing a rise of 8.3% year-on-year. In Varna the increase in property deals is 18% in 1Q 2013, while in Bourgas there is a rise of 17.5%. Plovdiv is among the leaders with regard to property deals rise - by 28.6% year-on-year.
The property sales in the regional cities were up 20% in Q1 compared to the same period last year showing that the city markets are waking up following the recovery on the summer resorts markets from last year.
The overall increase in sales is a positive signal from the property market and confirms the return of interest by local and foreign buyers. This trend will be at the heart of the market recovery from the crisis.
For the first time since 2008 an increase in property deals was registered in 2011. Then in the first half of 2012 real estate sales fell by 12% under the pressure of regained crisis sentiment. In the second half of 2012 the increased interest and purchases of holiday properties led to compensation in declines of the number of deals and the year ended with a small sales drop of just 2%.
Copyright: 2013 Bulgarian Properties Ltd. All rights reserved. For further information or advice please contact us on tel.: +359 2 9 11 50 or e-mail: email@example.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. and the Author 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. 2013
Read more news
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
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
“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
In the Tsarevets Fortress, Veliko Turnovo, the 5th edition of the international festival "Medieval Tarnovgrad" /29 June - 01 July/, starts.
This year, the forum is dedicated to the 800th anniversary of the rule of the great Bulgarian Tsar Ivan-Assen II in the period 1218-1241. At that time the city reached a real prosperity and Bulgaria ranked among the great empires and kingdoms i... read more