Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria's Property Sales to Russians See Contradictory Trends
- Tweet
Send to Kindle
Photo by BGNES.
Two very different trends are observed in the real estate sales forecast in Bulgaria to Russian citizens during the spring - summer season.
The situation in Russia and Ukraine and the devaluation of the Russian currency have resulted in two opposite trends regarding the property sales, according to an analysis of Bulgarian Association of real estate brokers, Bulgarian National Radio (BNR) reports.
According to brokers from Varna and Burgas, Russians will remain the main buyers of holiday homes on the Bulgarian Black Sea coast in 2014 summer season. A slight increase in residential property investments may be observed due to the ruble's devaluation.
Real estate brokers from the regions of Pomorie and Bansko expect an average to weak season for holiday homes because of the complex situation in Russia and Ukraine and the continuing devaluation of the national currencies of both countries, BNR informs.
Regarding the property market in Central Bulgaria, the expectations of brokers in this region are that the gap between the offer price and the optimal selling price will continue to shrink.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgaria and Ukraine Forge Economic Ties: Trade Reaches $3 Billion
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
Business | April 25, 2024, Thursday // 14:23
Russia Threatened to Attack Poland
In a recent statement, Russian Deputy Foreign Minister Sergei Ryabkov issued a stern warning to Poland, asserting that any permanent deployment of NATO nuclear weapons on Polish soil would render the country a military target for Russia.
Cloaked Aid: Ukraine's Covert Deployment of US Missiles Against Russia
Reports confirm that Ukraine has deployed long-range ballistic missiles provided by the United States in secret, targeting Russian forces in occupied territories
Zelensky's Resolve: Ukraine to Compensate for Delayed US Aid
President Volodymyr Zelensky of Ukraine has pledged to take all necessary measures to compensate for the six-month delay in receiving a new 61 billion dollars US aid package
Hope for Reunion: Repatriation Deal Reached for Ukrainian Children Deported to Russia
Russia has declared its intention to repatriate 48 deported Ukrainian children to their families, according to Maria Lvova-Belova, the Russian Commissioner for Children's Rights
Bulgarians' Real Estate Investments Reach 59 Countries
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Home Sweet Home: The Reality of Housing in Bulgaria Revealed
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Surge in Home Loans Sets New Record in Bulgaria
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
Bulgaria's Housing Market Sees Varied Growth in Fourth Quarter of 2023
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria Sees Surge in Mortgage Loans: Record-Breaking Growth Fuels Property Market
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Eurozone Entry: Implications for Bulgaria's Real Estate Sector
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
