Residential Bulgarian market in January 2011 was double than January 2010
2010 was a difficult year for the Bulgarian property market a whole. We observed drastic drops in the property prices in all segments. But in the last quarter of 2010 appeared indications for stabilization. Searching of properties started to rise slowly, property prices starred to stabilize and to take mortgage loan is easier. In the next few months we expect smooth growth in the Bulgarian property market.The number of property deals on Bulgarian real estate market in January 2011 was double that of January 2010. Usually the number of sales at the start of the year is lower, but this is this year is different. One of the reasons is the discounted price of many properties- this includes village houses, apartments, sea properties, agricultural lands, forests, town properties, etc.
This is a sign for the property market a whole, because the trend is indicative of Bulgaria’s real estate market.
Residential property prices will stabilize in 2011. Even we can expect slight increase in prices with 2-5 %. The clients are looking for new buildings, renovated village properties, new flats and properties with good location, luxury houses and luxury apartments. Specifically for Sofia- search price range is 700-900EUR/sq.m depending of the location and quality of the property.
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