Property Deals On The Rise, Russians Buy Less

Business » PROPERTIES | July 22, 2014, Tuesday // 13:01| Views: 1431 | Comments: 0
  • Send to Kindle
Bulgaria: Property Deals On The Rise, Russians Buy Less Photo: BGNES

The real estate deals in Bulgaria in H1 2014 grew by 64%,year-on-year, shows an analysis of the ERA Bulgaria real estate company. 

Due to the bank panic in June, buyers showed increased interest in buying homes in Sofia. 

In Varna and Burgas, however, the deals with Russian citizens dropped by 35% in H1 2014, year-on-year.

The analysis of the real estate company shows that this year the property sells twice as fast, compared to 2013. On average an apartment in Sofia, Varna and Burgas sells for 66 days, while in 2013 it took 120 days.

Properties » Be a reporter: Write and send your article
Tags: real estate, property, deals, sales
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria