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The Bulgarian property Market

06 Nov 2013

The Bulgarian property Market

The Bulgarian property Market is entering a new stage of its development where prices are expected to stay unchanged for a longer period of time.

There has been an increase in sales volume and the volume of loans.

The trends that have in the past year, the stabilization of the property market, has increased the number of transactions and began the process of overcoming the crisis.

The last quarter was sufficiently dynamic as in summer resorts and major cities. Inquiries from potential buyers increased by 20%, and the volume of real estate transactions increased by 5% compared with the third quarter of last year.

Russians remain the most active buyers-they make up about 40% of all buyers during the last 3 months.

The second largest groups are the Bulgarians who buy property mainly in big cities, especially in Sofia.

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The Bulgarian property Market