The real estate market is approaching the point of equilibrium of supply and demand, causing the rate of growth in property prices slowed. These insights made a real estate analyst Revealed based on the analysis of the number of transactions, volume of mortgage loans, the average price per square meter in major cities of Bulgaria.
Below are major indicators of the real estate market of Varna and Burgas for 2015-2018 (base of comparison is the period from January to September). The values in the table illustrate the rate of change compared to the same period last year.
Sofia
In the Bulgarian capital over 4 years was observed positive dynamics of the considered indicators. However, there is a clear downward trend in the rate of growth in the number of transactions and the volume of mortgage lending. Buyers are not so quickly solved in the deal due to the high value of the objects. This indicates the stabilization of demand and supply and to approach the market for real estate to the balance point.
|
Indicator/year |
2018 |
2017 |
2016 |
2015 |
|---|---|---|---|---|
|
The number of transactions |
+1,93% |
+3,94% |
+7,21% |
+21,24% |
|
The amount of the mortgage |
+5,83% |
+29,75% |
+Of 22.75 |
+Of 34.81% |
|
The average price of square meter of real estate |
+Of 9.97% |
+6,04% |
+Of 11.93% |
+3,37% |
Varna
As shown by table data, the real estate market of Varna is in the active stage of development. Against the background of increasing the activity of local and foreign buyers, an increasing number of real estate transactions, the growth of which in the first 9 months of 2018 made up 11.69%. Continues to grow average price of real estate, with a slight decrease in volume of attracted mortgage loans.
The real estate market of Varna, demand still significantly outstrips supply, so in the coming 2019 is expected to further increase in the cost of residential squares.
|
Indicator/year |
2018 |
2017 |
2016 |
2015 |
|---|---|---|---|---|
|
The number of transactions |
+11,69% |
+0,75% |
+5,51% |
+3,68% |
|
The amount of the mortgage |
+12,75% |
+Of 30.46% |
+To 27.75% |
+26,51 |
|
The average price of square meter of real estate |
+4,74 |
+4,07% |
+3,89% |
+2,18% |
Directory of real estate in Varna.
Burgas
On the real estate market in Burgas there is a moderate increase in property prices. The city's relatively high demand for mortgage loans. The number of transactions is almost not growing, given the fluctuations in the number of transactions. Analysts expect the pace of growth of average prices�� and a further reduction in the number of transactions involving mortgage loans.
|
Indicator/year |
2018 |
2017 |
2016 |
2015 |
|---|---|---|---|---|
|
The number of transactions |
-2,81% |
+2,96% |
-4,21% |
+4,84% |
|
The amount of the mortgage |
+17,12% |
+19,16% |
+27,42% |
+41,34% |
|
The average price of square meter of real estate |
+5,65% |
+8,49% |
+5,37% |
+1,51% |
Directory of real estate in Burgas.
Source: Investor.bg
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