YOU WANT TO SELL YOUR PROPERTY IN BULGARIA? LIST IT WITH BULGARIAN HOUSE!

Need for Residential Property – Key Factor for Bulgarian Property Market Development

12.10.2015

Need for Residential Property – Key Factor for Bulgarian Property Market Development The summer of 2015 has turned out to be dynamic for the residential market in the large cities especially in the Bulgarian capital city of Sofia. A deal growth of 15-20 % is accounted on this year.

This movement coincided with the recovery of the European and the Bulgarian economy as well as with the steady slump of the interests on bank deposits. It resulted positively not only for the property buyers but also people who have savings and are willing to make investments.

Thus, after 2014 was defined as the crucial year for the residential property market in Bulgaria, 2015 is expected to be the strongest year after the crisis. The market has ‘’stepped’’ on a steady growth which would result in success over the next years.
The need for a property is considered a main factor for the market development.

The activity of the buyers who acquire properties aiming to invest in it, amounts to 20 %. Two major groups of buyers are distinguished – those who purchase their first own home and those who sell a smaller and an older property in order to purchase a large, new and better located one.

They predominantly use mortgage credit so that they can fund the deal. The ‘’re-funding’’ still takes a crucial position in the property market – 10 -12 % of the drawn mortgages during the summer.
About 30 % of the buyers have managed to save cash money. This is why a huge part of the deals is financed cash.

Approximately 15-20 % of the buyers acquire properties for investment striving for higher incomes. The concentration of the economy in Sofia keeps attracting work force from the entire country and the demand of the rented properties in the capital city remained fairly steady even during periods of financial difficulties.

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
  • Bulgarian House
  • +44 7448 242 037
  • +359 898 422 816
  • office@bulgarianhouse.com
  • 6 General Skobelev Street, Kazanlak, 6100 Bulgaria
  • © 2003-2019  All Rights Reserved.
Bulgarian House