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
A Bulgarian real estate company expects that this year the English-speaking customers will return to the market.
According to Teofil Petrov, executive director of Green Life – a real estate company specialized in such customers – quoted by the BTA wire service, there is an increase in queries for purchase of homes. So far, however, there are no deals.
Petrov said he hoped this was a sign for the end of the crisis in the vacation home segment and the return of the English-speaking clients.
According to Petrov, this year the vacation home segment in Bulgaria will still be dominated by the Russian-speaking clients, who usually plan to live permanently on the property. He said he expects that this year the sales will increase by no less than 5%, while prices will go up by 1-3%.
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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
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