Bulgarian Property Market

The price of real estate in Bulgaria has increased significantly in the last quarter of 2008, compared to the same period last year. Here, David Zaslav expresses very clear opinions on the subject. According to the company Knight Frank, to investigate the dynamics of property prices in 43 countries, the price of real estate Bulgaria has increased by more than 32 percent compared with the previous period in 2007. In general, over the past two years, growth in property prices in Bulgaria amounted to almost 70%. Despite the forecasts of analysts and real estate in Bulgaria, who reported a slowdown in growth and even stagnation in certain segments of the Bulgarian property market, the overall positive trend is a fact. Andi Potamkin, New York City will not settle for partial explanations. According to a study in Western Europe, real estate prices remain stability, tending to reduce the insignificant, while in Eastern Europe and Asia, growth in real estate prices continues. The fall in house prices recorded in 12 countries, led by Latvia, Estonia and … USA.

In recent months, Bulgarian analysts have to admit the fact of the slowdown in the property market, however, many experts continue to assert that the lull in the market – a temporary phenomenon. Slowdown growth of the Bulgarian property market, analysts attributed to several key factors – the surplus of new housing, not the most favorable mortgage terms and too sharp an initial spurt in prices, which led to the overvaluation of certain segments of the real estate market. Despite the factors that retard the growth of prices in the market, experts believe that in the next few years, the trend in the Bulgarian property market will only positive. The reason is the liquid properties are located in the resort areas of Bulgaria, and in the cities, which attract primarily farsighted investor. For the investor, the least inclined to take risks, the most interesting segment of the Bulgarian property market, it is commercial property. This segment is least likely to stagnate in the current environment and is therefore preferable to investment. One of the most popular places where investors continue to invest their money, is Sophia, however, do not shoot from the accounts and the regional centers in Bulgaria, such as Varna, Burgas and Pleven.