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 want to thank Kunka and Hristo from Bulgarian house,for the help we received from you.Helpful with an engagement out of the ordenary, witout your support it would have been very difficult to buy a property in Bulgaria. Not only help for purchasing the house, but also to start a business and all extra paperwork that it entails. You have also provided answers to all kind of questions including those relating to history of Bulgaria and to live there.You also help us in small matters too and allways with a smile. We have found new friends in you,and we are grateful to know you.You also made a good work on the house making it up to date. We wish you all the best! Yours sincerely Christer & Mirka
— christer, sweden