Bulgarian Property market stabilized
Property market in Bulgaria was still far from the peaks reached at the height of the real estate boom in 2007. It appears to have bottomed out. The numbers of Bulgarian property transactions in 2011 was up by 22% compared to the previous year. The most of the deals have been with agricultural land, according to real estate consultancy firm BULGARIAN HOUSE LTD.A positive development was the decrease in the annualized interest rate charged by banks for mortgages, in particular those leva, which now were on the same level as interest rates on mortgage in EUR. Most prospective customers seek real estates in the low price range, defined by Bulgarian House Ltd as 20 000 to 50 000EUR, mainly in Ski and sea Resorts in Bansko, Borovets, Varna, Golden Sands. The other customers search village houses with price range 15000-20 000EUR for renovated house and 5 000-10, 000Eur for none renovated.
Bulgarian Property prices had stabilized. The strong drop in prices over the previous several years have made certain properties in Bulgaria’s winter and seaside resorts attractive with Russian buyers in particular active in purchasing real estate on the Black Sea coast.
Any one wants to buy a property from Bulgaria he/she should contact the amazing lady called Kunka(Kiki), she is not just an estate agent but she goes beyond that from explaining all the small steps to the complicated ones, she is trying to do her best to make feel confortable about your choices and she offers plenty of choices and also she has reliable and trustworthy solicitors which she works jointly with them in order to make sure that your purchase is in the safe hands and not compromisin. Kunka is very patient lady who is trying listen and to answer to any questions you may have and also she will give the best advice which will suit your demand. Remember that if you are buying a property abroad so you need a professional, trustworthy who knows the local complicated bureaucracy and she will help you through it from point A to Z. Kunka doesn't stop only in helping you to buy a property but she does more than that she is willing to drive you around and pick you up from your hotel and shows you around. She will make everything easy for you from contacting a solicitor to notary registration. I am very lucky to buy my property through this lovely lady which she gave me a huge support in completing my purchase. From Salah
— Salah, Morocco