Crisis as a period for new features of the property market
The financial crisis led to a change in the trend of global real estate market. While for some this means difficulties in implementation of projects due to limited funding, decline in demand to lower property values and a worsening economic outlook for other, sector’s delay brings new investment and market opportunities.Consulting company Colliers International gives the example of Russian market of commercial areas, where some experts expect that small and medium-sized shopping centers may be more successful than other regional giants.
Analysts cited by the special edition EuropeRE, reminder the crisis in Russia in 1998, which has helped local retail chains and manufacturers to step in the market and take market share.
Similarly, current events give to the local building contractors unique chance to present their projects commercial market. Such projects require a small investment, but they are very vulnerable even small conceptual shortcomings. Any project that enters the market should be characterized by the most efficient design and construction decisions.
From the situation benefit can have and the consulting companies that provide analysis of projects in terms of potential efficiency and how their key features affect the marketing. Thus, banks can more easily choose the projects in which to invest, and entrepreneurs - to optimize their costs and increase profitability of the commercial center.
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