For the first 9 months the growth of sales of elite real estate in Bulgaria amounted to 21%, rental growth in this segment was 4%.
Foreign buyers are showing increasing interest in luxury real estate in Bulgaria. This conclusion did Chris Deutz, Vice President, global operations of the company's Luxury Portfolio, the world's largest web site of the luxury properties.
According to Deutz, the growing popularity of luxury housing due to the positive dynamics of the Bulgarian GDP, reduction in unemployment and income growth, and stabilization of the housing sector.
For 7 months of 2017 sales growth in the elite segment amounted to 21%, and rental prices rose 4%. Also noted a significant increase in applications for the purchase of luxury real estate in the summer season.
Also realtors have noted a decline of 50% of the time the client needs the decision about buying a home. At the same time in 2017 from placement residential facility in a directory before its sales took an average of 1-3 months.
Prices for luxury real estate remains stable, as the supply in this segment is much less demand. This state of Affairs in the market will occur until at least mid-2018, when it will be put into operation new residential properties that meet the buyers criteria.
Luxury real estate includes apartments, penthouses and villas with an area of several hundred square meters. Great importance buyers attach to the location and characteristics of the object – typically this is a closed residential complex with excellent views and developed infrastructure, located in the fashionable districts of the cities and resorts.
Options for luxury property in Bulgaria and prices are in the catalog BolgarskiyDom.
Source: Investor.bg
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