Holiday property in Bulgaria
BulgarianProperties.com reports a substantial growth in real estate sales in June following a stabilization of the market from March to May, when deal volumes remained similar. BULGARIAN PROPERTIES' data shows that the number of concluded sales agreements during the previous month increased by 50% compared to May 2009. These sales are made at prices about 50 percent lower compared to the first quarter of 2009, and this applies to all types of properties all around the country.
A research of BULGARIAN PROPERTIES shows that the number of deals with finished properties is comparable with the number of sales made in June 2008. Off-plan property agreements concluded in June are 88 percent less compared to the same period last year. This only confirms the trend of avoiding the purchasing of off-plan apartments due to the higher risk it brings and also due to the big supply of already finished properties.
The fifty-percent increase in deals is mainly a result of the finalizing of holiday property agreements at very lucrative prices. The decrease in vacation properties offer prices was felt strongly in May which led to deals in June. An example are sales of apartments in already finished and functioning developments in Bansko at prices starting from 28,000 Euros (www.BulgarianProperties.com)
The increase in deals in Sofia is mostly due to sales in the lower price range – between 35,000 - 40,000 Euro.
In the beginning of the summer season the number of rented properties also increased – by 50 percent compared to May 2009 mainly because of the summer season and the short-term rentals on the Black Sea.
Almost 35% of the deals of BULGARIAN PROPERTIES are with Bulgarians.
From the foreign buyers 43 percent are Brits, which is a 10-percent growth in June compared to the previous months. Russians make 12 percent of the foreign buyers and the rest of the clients are of various countries – Belgium, the Netherlands, Italy, Canada, Germany, Iceland, Lithuania, Romania, etc.
Photo:
http://www.prlog.org/
