Property Surveys - Bulgarians Now Talk About Bulgarian Real Estates
Surveys conducted among real estate web portals in Bulgaria have showed interesting results in terms of price and investment expectations. Target group were Bulgarians, non-experts in real estate, visiting the web portals either to submit an offer for selling their own property, or prospective buyers who wished to purchase on their own directly from sellers. The inquiries also allowed people to share their opinions and observations over the property market.Results indicated that most Bulgarians expect property prices to keep rising or keep their current levels. Being asked how prices of residential real estates will change by the end of the year, more than 39 % of the people expressed expectations in price growth. A little less than 2 % is the difference between them and those who think that prices will decrease. About 38 % of the people believe that residential prices will go down by the end of the year. On the other hand, around 18 – 20 % of the people expect residences to keep their current prices. They believe that prices will not be subject to significant changes.
Around 10 % of the inquired people expect prices of residential estates to rise with more than 10%, compared to prices in 2007 and the turn of 2008. The majority, however, believe that there will be a steady increase of 5 % and no more than 10 %. Although many people voted that there will be significant decrease of 10 % and even more, most people shared opinions that such figures are too much and downsizing is likely only for low-prospective offers where neither a good location nor quality construction and infrastructure are available. It was also commented that cut-offs by building companies can be expected only in case a whole complex has been unsuccessfully marketed for a long time, in other words if the builders are having hard times selling their developments.
The surveys’ results also indicated people’s expectations in the price increase of both agricultural and regulated land. 38 % of all people answering the questions believe that land prices will go up. An increase of 10 – 20 % or above 30 % is expected by 25 % of the people. The other types of properties which are like to become more expensive this year are all industrial premises and office space.
Probably the best estate agent in Bulgaria. As a recently married couple looking to give up the grind of 8-6 mon-fri rat-race lifestyle... but without enough money to actually do so at home in the UK. We have always been adventurous, but after watching the series ‘Ben Fogle: New Lives in the Wild’, the idea of just quitting our jobs and moving away to start something completely new, suddenly seemed very doable. We turned to the internet for answers and based on the budget we had and the lifestyle/climate we were looking for, Bulgaria seemed to be the place for us. So after hours of trawling through websites, and countless emails back and forth with various estate agents throughout Bulgaria, it quickly became apparent that there is a lot of choices out there and ‘viewing trip’ was in order to see it for ourselves. We booked some tickets and flew over to see how it could be possible to buy a whole house for less than your standard deposit back home. In order to view some of these properties, in the beginning, we were in talks with a number of different agents and even a lawyer!, but the only person who actually seemed to care about helping us find our dream home that was right for us (and not about taking our money), was a lady called Kiki from BulgarianHouse.com. So after coming home, now with a better understanding of what your money can buy, the different things to look out for and the vastly different regions of the country, we asked Kiki to assist us with our search. With this newfound knowledge and her help, we quickly condensed a list of 30 potentials down to just 2, and then after Kiki did some investigation into the legal side of both the properties, we made our choice. When it comes to customer service, she helped us every step of the way, from suggesting houses that offered what we were looking for to guiding us through the legal process and completing the sale. She has consistently delivered on her promises and has always been just a phone call or message away - Which actually helped alleviate a lot of the possible anxiety linked to buying a house in another country… Not to mention choosing to do right in the middle of the Brexit negotiations. To be honest, the whole process has been a breeze with her help and I would certainly recommend her and BulgarianHouse.com to anyone who is looking to do the same. Now the sale is complete and the house is ours, we couldn’t be happier and plan to take the leap in the new year. Thank you for all your help Kiki Tia and Lee
— Lee and Tia, United Kingdom