The last few years on the Bulgarian real estate market, the demand far exceeds the supply. According to Polina Stoykova, the head of the largest Bulgarian real estate Agency Bulgarian Properties, this trend will continue into 2018.
According to experts, the increased demand is observed mostly from the local population against the background of positive trends in the economy of the country. Stable economic growth, increasing per capita income, a decline in mortgage rates and interest on Bank deposits encouraged Bulgarians to invest in real estate. Demand from foreign investors, according to experts, a minor.
The current situation is pushing up prices, however, unlike the pre-crisis 2006-2007, the market is almost no speculative factors. Prices gradually add 10% per year.
Capital market housing, according to the Agency, increasing at a rate of 16% per year, while the national statistical Institute of Bulgaria (NSI) is likely to announce a 13 percent increase by year-end 2017.
In the beginning of 2018 the price bracket of the property in Sofia was established at the level of 1000 euros per square meter, but still lags behind pre-crisis levels of 2008 (1260 Euro a sq m).
Source: Investor.bg
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