Bulgarian Property Market Moving in the First Quarter of 2015
The Bulgarian property market accounted on a more dynamic development during the first quarter of 2015. The results are almost the same compared to the ones during the previous year that ended with more deals and mortgages in Sofia, the Bulgarian capital city and in the larger cities, as well.Local real estate agencies and building companies prognosticate a trend of deal increase in the large cities and the prices remain steady.
The first quarter of 2015 ends with a consecutive deals growth compared to the previous year in the property market and the cities. The increase of the deals in Sofia amounts to 26.6 % where the mortgages grow by 23.5 % considering the legal mortgages and 36.6 % is the share of the contractual mortgages.
A similar situation is typical for the cities of Varna and Plovdiv. A growth also is registered in Pleven. The main purpose of the property buying is investment in a new home. Another feature denoting the property market moving is the minimal price discount.
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— Duma Alexandru, Romania