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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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The sweet escape – My Bulgarian Property – RUS7635 - DISCOUNTED PRICE
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 7700 EUR
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Bulgarian Land Near the Black Sea coast - SLAND34 - only 12 Euros per sq. m.
Brief: Land for sale near Balchik
Area: 14000 sq.m.
Price: 168000 EUR
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Right here waiting for you – My Bulgarian Property – RUS3962
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 17900 EUR
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What worths a million - land near the sea - Bulgarian Property near Cape Kaliakra - RUS1959
Brief: Land for sale near Balchik
Area: 25000 sq.m.
Price: 1000000 EUR
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The mountain’s treasure – My Bulgarian Property – RUS5030
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 4600 EUR
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It’s not a house! It’s a 5 bedrooms mansion– My Bulgarian Property – UN2102
Brief: Houses for sale near Ruse
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Get ready to fall in love - Bulgarian Property - RUS1259
Brief: Houses for sale near Ruse
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Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 15900 EUR
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Bulgarian Property - A perfect combination of property and nature – OFFER1101
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 23900 EUR
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Let the mountain in you home - Bulgaria Invest - LOV1202
Brief: Houses for sale near Lovech
Area: 80 sq.m.
Price: 19700 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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How deep is your love for nature? – RUS 1518
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 12900 EUR
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Smart investment granted - RUS1407
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 16400 EUR
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A house on Danube River just for you - RUS1203
Brief: Houses for sale near Ruse
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Price: 6200 EUR
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