BULGARIAN PROPERTIES

Statistics shows that the decrease in the prices continues but now it is still slowing down as in most cities it is about 5%.

In contrast to 2010, when property prices dropped by about 10%, in 2011 we are witnessing an average decrease of 5% in the prices of different property types. The good news in the last few months is the increase in the number of concluded deals.

The stabilization on the Bulgarian property market which started in the middle of 2010 continued in the first quarter of 2011.

The first month of 2011 was very dynamic and successful in term of deals with apartments in the capital Sofia. The sales increased double compared to 1.2010 by data of BULGARIAN PROPERTIES

There is an increase in the number of businesses offered for sale in Bulgaria but no demand by potential buyers. Two years since the start of the crisis, the interests of the two parties still cannot meet and the deals are few.

2010 – stabilization of the prices and increase in the number of realized deals. 2011 – continuing stabilization of prices, more convincing increase in the number of deals and a small increase in property prices in the last quarter of the year.

2010 has brought the so-expected stabilization on the Bulgarian real estate market and as a whole it was more successful than 2009. However, it didn’t manage to convincingly end the drop in real estate prices.

2010 is turning out to be а zero point for the Bulgarian property market as there has been no significant change in the number of deals, in the prices of sold properties or in the listed properties compared to 2009.

We are happy to welcome you to our new modernised website at www.BulgarianProperties.com!

The average price of rural properties sold in the second quarter of 2010 is 14,600 Euro which is similar to the average price in 2009 – 14,300 Euro. There is an increase in the average price of rural properties compared to the first months of 2010.