Bulgarian property market
The number of property deals taking place in Bulgaria has almost halved over the past year, a new report has concluded.Research carried out by Raiffeisen real estates found that processed transactions in the country fell 42 % in the first six months of 2009 when compared to the same period in 2008.
In the capital Sofia the decline was 58%, a possible indication that there may be a greater amount of real estate available to overseas property investors looking to buy in the city.
Potential buyers at all real estate sectors are waiting, with the only active [investors] on the market currently being those with riskier profile.
The news source noted that many potential customers are waiting to see if prices decrease to lower levels before making purchases.
Earlier this month, figures from the country's National Statistical Institute obtained revealed that prices rose 0.1 % in 2008 in spite of the economic downturn.
We would like to say a big THANKS to Kunka & Hristo from Bulgarian House team. You've been a great help to us, not only with the things involved with buying a house in Bulgaria, setting up a company and all the paperwork ect, but also when we've had other questions relating to life in general in Bulgaria we had no one else to ask but Kunka,. She's gone above & beyond her role as an estate agent, she must have bent over backwards to be as helpful as she possibly can & has kept us well informed every step of the way with regards to the sale. Thanks again, Kate & Mel xXx
— Kate & Melvin, UK