Property sales in Bulgaria on the rise
Over the first three months, properties in Bulgaria have had a strong start to the year with sales increasing. Data from the Bulgarian national Statistic Agency showed that the sales rose with 23% in Q1, compared with the same period in 2012. Total units sold properties ended the quarter at 44 174. In 2012 they was 35 821.About 13% of all sales are with mortgage loans. This equates to 5 811 units. According to a bank in Bulgaria there is an increase in the number of people asking for loans of 25%, activity in the sector is certainly improving. About 74.5% of these were in BGN rate, compared to the year previous when just half were. The banks are expecting this to continue and reach a market share of 80%.
It is visible that the Bulgarian property market is getting out from the stagnation. Real estate in Bulgaria now has a value of 38% lower that its Q3 2008 peak, when values stood at BGN 1 481( which is approx. GBP645.43) per sq.m. While it is now cheaper to invest in Bulgarian property, return on investment is very good and holiday lets are sure to be one of the best way to generate an income. Popular tourist spots like Burgas, Varna, Sunny beach, Golden sands, Bansko, Veliko Tarnovo are still attractive markets for buyers in Bulgaria.
The first thing I want to say is, thank you Kiki for all you have done. The first time we spoke to Kiki we felt right at ease. Because we didn' t know how or when we were going to be in Bulgaria we didn't let her know. So when we got there we contacted Kiki. Because we were only there for a week we didn't have much time. She immediatly made sure we could visit a house the same day. She called us crazy because it was 400 km from varna were we stayed. But we went. She could not be there with us because it was such short notice, but the next day she was. Kiki cleared her calender to make sure we could look at some other houses with her. Besides the fact she showed us some good houses we also had a lot of fun. When we went to see the last one it was bingo. So we would buy the house. Kiki made sure a paper work was oke before we left back to Belgium. Now not even a month later we can call ourselfes the proud owners of a house in Bulgaria. What Kiki did for us was amazing. Everything went smoothly without any problems. She is a hardworking woman,(sometimes to hard working), she makes sure everything goes smoothly. And besides that she is a great person. We know we have a new friend for life. When we buy our next house it will be with Kiki. So again Kiki thank you, you are amazing
— Bart en Annick, Belgie