During the latter half of 2011, the sales manager from Bulgaria’s leading real estate agent Bulgarian Properties, Polina Stoykova commented on the Bulgarian property market trends in an interview. According to her, the real estate market in Bulgaria is still the market of the buyers. She had justified this with the help of some facts.
She revealed that the property market in the state began to stabilize in the latter half of 2010 after which there was no great change in the prices of the Bulgarian property for sale. Due to the absence of any major fluctuations in demand as well as in prices, people can conclude that the current time period is of stabilization in terms of deals and prices as well.
The official surveys and statistics of early 2011 also had shown a fall of 2% in the prices of property in Bulgaria although it is a hidden decrease. Furthermore, Bulgarian Properties collected some details that showed a fall in the prices of a few holiday homes, especially the ones in the area of winter resorts. They, therefore, concluded that on a whole, the property rates are neither rising nor falling. She also said that the company now expects the buyers to play live to buy Bulgaria property by choosing one of the best deals.
Happily, this activeness among the buyers has been seen in the apartment market of the big Bulgarian cities. However, it is the Sofia market that has now become the most dynamic one because of the highest number of demands. It is true that the buyers tend to seek Bulgaria property for sale to live, and not for investment. Even the foreign buyers are approaching for visiting properties in the country’s seaside resorts.
Furthermore, the property market in the regions of northeastern Bulgaria also shows that buyers are more than the deals. Varna is the only exception here because of it being the area of coastal resorts that bring in more deals and active buyers. Similarly, in the holiday home sector, more and more prospects are searching for cheap finished apartments. Fortunately, there are relevant offers and deals in the market. They concluded that what is actually interesting is the set of deals for coastal holiday homes, which conclude throughout the year and not just in the summer season.
The lady also accepted that the most active months for buying property in the country are at the year’s beginning, especially the time from March – May; as well as at the year’s end. According to the seasons, winter attracts most foreign buyers who prefer buying ski resorts, while summer attract buyers who are looking for seaside resorts. But this information is relative and nothing can be assured about its consistency, said Miss Polina.
According to her, after the commencement of the crisis, only the genuine real estate companies survive. These are the ones who invest in enhancing the quality of services. For example, Bulgarian Properties always has tried to give tips, hints, advices, forecasts, and market trends constantly.