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Property prices will fall into dependence on Bulgarian banks

07-01-2013

Based on their forecasts of brokerage agencies seeking a job selling real estate, in early 2013, a major factor in the development cost on the Bulgarian real estate will become low Bank interest on deposits.

According to the leader of the national Association of agencies for the sale of real estate in Bulgaria, in 2013, the percentage of deposits to decline to not less than 1%, in view of this, people will find it more profitable to invest money in not devaluing the property, rather than keep it in the Bank.

In addition, it is expected that the newly formed investors will focus on the purchase of apartments priced from 40 000 – 80 000 Euros, which is largely wakes to stimulate the growth of prices for this range of offers in the market.


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