Difficult situation on the real estate market in Bulgaria for the last few years. Although some experts believe that in 2013-2014 there are prerequisites to believe in the country's exit from the crisis. Because at the moment Russian citizens prefer to acquire property in Bulgaria all other areas. What is the situation on the Bulgarian property market in recent years? Let's consider some trends.
The increase in the number of transactions
In order to assess whether significantly increased the number of transactions for the sale of real estate, not to apply to the statistics for the 2012-2013 year, which reflected the following trends:
- In the Northern part of the country (Golden Sands, Varna, Albena) the number of sales increased from 9.5 to 10.5, and 10.5% for 1 year.
- In the southern part of the coast (Sunny beach, Burgas, Nessebar), from 5.8 to 6.8 thousand transactions, i.e. 17.2% over the same period.
It's very encouraging results, especially in comparison with the General increase in the number of transactions in the country at 3%.
What influenced the formation of such positive results? The number of property sales has increased both by local and by foreign citizens. Many resorts, early “dying” for the winter, have now become more active throughout the year. It attracts more foreign buyers who plan residential properties in Bulgaria.
Delight and other indicators. For 2013 has increased the number of sales of land for development that is evidence of the growing interest of investors in this area.
Expanding range of customers
Who buys an apartment in Sunny beach and other resort areas of Bulgaria? If the original customers were mainly from the capital citizens of Russia, by 2013 horizons expanded: now in Bulgaria developing are also residents of Novosibirsk, Omsk, Perm. Around you can find more of “their” neighborhood. In addition, more active and become citizens of other countries: Ukraine, Belarus, Kazakhstan.
It is difficult to obtain accurate statistics, who is the buyer of real estate in the country. But you can navigate by the number of tourists, among which are the present and future owners. It is known that for the last year in Bulgaria came on 12% more Russians, almost 14% of Ukrainians, and 60% of Belarusians.
The price increase
The first year in Bulgaria at the hearing unpleasant conclusion: real estate prices fall. Although optimistic experts will emphasize that the speed of falling is significantly reduced. And they are right. Although the statistics indicate a drop in housing prices in 2013 year almost 2%, there is a motive for joy. According to statistics for the second half of the cost of resort real estate has increased by a quarter percent or more. Perhaps this indicates the beginning of progress in the field of price formation.
The growth of demand, shortage of supply
With the increasing number of buyers of resort real estate is a growing demand for housing, located on the first and second line from the sea. Best selling objects - one bedroom apartments in close proximity to the sea. By 2013 the number of proposals was insufficient for everyone.
Where will this lead? As a result, more funds will be invested in the construction of new facilities. But here comes the problem: almost all the territory on the shoreline is already developed. Thus increase the interest in secondary property, and together with interest will rise and price.
This shift of focus buyers
If in previous years the aliens were mostly interested in the easiest and cheapest option property Studio, for 2013, the trend has changed. Many foreign property owners decided to change the Studio on a more serious housing where they could live not only in the holiday season.
What is the reason for these changes in customer expectations? Knowing better Bulgaria, many foreign nationals there are additional reasons to come here to live and work in this country. And as a result, has increased the interest in this kind of property, this spacious apartment in Sozopol, Nesebar, Sveti Vlas. Increased the hype around the townhouses and cottages. Many are looking for accommodation where you could stay a big family, consisting of grandparents, parents and children.
Raising the expectations of the buyer
In the early years, characterized by the decline of housing prices, foreigners were interested in one main characteristic of the sold property price. And the lower, the better. Now many began to understand that it is important to take into account the qualitative characteristics of the real estate, as well as its liquidity.
It is important to consider the conformity of the quality and cost of housing. When the optimum coincidence, you make a really good purchase. How to act in connection with a potential increase in property prices in Bulgaria? As experience has shown, primarily expensive one-bedroom apartment. So, best is to buy a two-bedroom. After all, with more space, it will not cost much more “kopeck piece”. And, possibly, will have more favorable location in relation to the sea.
So, for the last year on the Bulgarian market of real estate there are enough reasons to look to the future with optimism: the prices stabilize, the number of tourists is growing, active buyers. I hope it will contribute to the closer d��ness and with Russian buyers.
