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Bulgaria`s Housing Real Estate Turns into Buyers Market - Report
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The fall in housing prices in Bulgaria will continue in the next several months before the real estate market sees a stabilization, a study of Colliers International shows.
The 3 main factors supporting the buyers' market now are the large variety of offers, flexibility of investors and favorable bank mortgage terms, according to Colliers International, Bulgaria.
In the first quarter of 2010, the average listing prices for housing in Sofia have fallen down by 3% with the most significant reductions registered in the Malinova Dolina suburb – 9%, followed by 7% in the affluent Boyana and Dragalevtsi suburbs, and 6% in the suburbs of Borovo and Manastirski Livadi.
Prices in the Sofia districts Ivan Vazov and Dianabad, however, have remained the same or fallen by less than 1%.
In addition, in the first quarter of 2010, mortgage interest rates are also down, the amount financed by the banks is up and there are additional bonuses. Investors further compete for buyers by offering flexible financing programs such as rent-to-buy and differed payments.
On the other hand side, according to Colliers International, buyers in Bulgaria are now much more informed; they seek a balance between price and quality and pay attention to the construction materials that have been used, the location and the infrastructure, leading to a large fall in the so-called “off plan” purchases.
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Bulgarian Properties |
Cheap Properties in Bulgaria >>
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Cheap land for sale in Bulgaria - LND02
Brief: Agricultural land for sale near Ruse
Area: 20000 sq.m.
Price: 6000 EUR
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Invest smart ! - Bulgarian Property - SLAND53 - only 12 Euros per sq. m.
Brief: Land for sale near Balchik
Area: 10000 sq.m.
Price: 120000 EUR
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A GIFT instead of an OFFER on the banks of Danube River! - Bulgarian Property – RUS1572
Brief: Houses for sale near Veliko Tarnovo
Area: 100 sq.m.
Price: 17200 EUR
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The promissed land NEAR THE SEA – Bulgarian Property - Regulated, READY to BUILD - RUS1541A
Brief: Land for sale near Varna
Area: 600 sq.m.
Price: 22900 EUR
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At the foot of the mountain – My Bulgarian Property – RUS5001 - DISCOUNTED PRICE
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 3100 EUR
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RUS1526
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 10900 EUR
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Amazing luxury house in the Mountain - My Bulgarian Property - RBP13
Brief: Houses for sale near Veliko Tarnovo
Area: 512 sq.m.
Price: 1000000 EUR
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Buy a new-built house, get an amazing nature park– My Bulgarian Property – RBP20
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 70000 EUR
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When the mountain starts right from your window - Bulgarian Property - RUS1225
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 7800 EUR
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The house of the rising sun - House in Bulgaria - LOV1201
Brief: Houses for sale near Lovech
Area: 80 sq.m.
Price: 18700 EUR
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The highest place – Bulgaria Property - RUS1528
Brief: Houses for sale near Ruse
Area: 90 sq.m.
Price: 8900 EUR
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DREAM VILLA ARBANASI - OFF PLAN TOP OFFER - VT1212
Brief: 2-bedroom apartments for sale near Veliko Tarnovo
Area: 63 sq.m.
Price: 700 EUR
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La casa de la vida... - RUS1255
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 9900 EUR
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The happines smiles to you - RUS1253
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 6300 EUR
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