Bulgaria's Real Estate Market Stabilizes

Business » PROPERTIES | April 22, 2014, Tuesday // 16:30
Bulgaria: Bulgaria's Real Estate Market Stabilizes Photo: BGNES

Sales of residential properties in the center of Sofia in Q1 2014 have doubled, compared to Q4 2013, shows data of the real estate company Adres. 

More than 30% of the purchases were for over EUR 100 000 and around 20% of the buyers got the property for investment purposes. 

Another rising trend is the increase interest in property still under construction. Around 10% of the sales were for properties before they obtained Act 14 (construction certificate issued when the main construction of the building is completed). This, according to Adres, is a sign for stabilization of the real estate market in Bulgaria and increased optimism. 

The Adres study shows that the market is still more favourable for the buyers, but it does not mean that the sellers are in a disadvantaged position. 

The company expects an increasing demand in the following months, partially driven by the new legislation, regulating the credits.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Properties » Be a reporter: Write and send your article
Tags: Adres, real estate, property, sales
Expats.bg All Are Welcome! Join Now!
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