Call
Send Email
Messenger
WhatsApp
Sofia housing market in Q3 2017: The market is balanced
The strong summer for the property market in Sofia turned into an active autumn and final strongest months of the year.
The rising demand for residential property in Sofia has gradually led to an increased supply by the building contractors, with the strongest effect of the increased supply of new construction being felt in the past third quarter. This naturally led to balancing of the market in Sofia at an equilibrium price of about 1,000 Euro/sq.m. and a slowdown in the price increase, as were our expectations about the market this year.
BULGARIAN PROPERTIES’ data show that in the third quarter the average property prices maintained the levels reached in the previous quarter and remained unchanged.
At present, the market is balanced and enjoys excellent conditions for buying and selling properties, with a stable demand and available choice of new construction, as well better quality and adequately valued properties on the secondary market.
Sales volumes
Recently reported data from the Registry Agency for the 3rd quarter shows that 6,300 property sales were registered in Sofia compared to 6,073 for the same period of the previous year, which is a growth of 3.75% on an annual basis. For the first 9 months of 2017, the volume of real estate sales in Sofia rose with 4%, with the sales of property under construction being left out of the statistics since it will be recorded at a later stage.
Request the full text of the report here
View our top new build properties in Sofia
Read more news
More News
2024 kicked off with a dynamic property market in Bulgaria, and this activity was sustained throughout the first quarter, making it one of the strongest quarters in housing market history. This was confirmed by data from the Registry Agency, which showed an increase in sales volumes in the country's leading markets.
This year, the market switched into a higher gear. T...
Spring is here, bringing new opportunities in the real estate market!
March was a month full of property transactions, reinforcing market activity and allowing us to successfully conclude the first quarter of the year. We witnessed significant movement not only in the major cities but also in our favorite seaside and ski resorts. Additionally, the season for buying rural houses is i...
We are proud to announce the opening of our new office in the city of Dupnitsa, located at Knyaz Boris I Street, No. 1, Floor 1.
This strategic move is part of our mission to be as close as possible to our customers and to provide high quality local service for both buyers and sellers.
In our new office, clients will be able to take advantage of the ful...
In a series of materials, we present you with useful information on how to best prepare your home for viewings and how to determine the right price of your property.
Here we will focus on the heart of the transaction. Buying and selling real estate often seems a complicated and cumbersome procedure, requiring a number of documents and communication with various institutions. And buy...
