« Home | First Western Style Shopping Mall in Sofia Bulgari... » | NEW BUILDINGS REPLACE OLDER PROPERTY IN BULGARIA'S... » | Bulgaria is new holiday hot spot » | Most Expensive Property of Bulgaria's Capital Loca... » | Chinese Investors Eye Bulgaria's Real Estate Marke... » | Bulgarian Apartment in Sunny Beach up for Grabs at... » | Property Prices in Bulgaria Rise Significantly » | Interest in Bulgaria's Office Property on the Rise... » | Eastern property bubble at risk » | Buying Abroad: Purchasers should take care » 

Friday, May 05, 2006 


The Bulgarian real estate market expects a property supply boom next year.

Many real estate owners in Bulgaria wait for January 1 2007 to offer their property for sale, hoping the country's EU accession will increase prices, Darik Radio reported. Managers of leading real estate agencies said these expectations are unfounded as prices on the Bulgarian market are already high enough. There is hardly any room for further increases, dealers said.

The increase is unjustified, since salaries have not been raised considerably and the demand for property in Bulgaria practically remains the same. The prices of luxury properties, offices and agricultural plots are the only ones to rise. Bulgarians hoping to profit from apartment sales will be disappointed, Darik Radio reported.

Most real estate owners, however, remain under the illusion that right after EU accession the demand for all property in Bulgaria will increase, leading to higher inflation on the real estate market. Consequently, experts predict a considerable rise in the number of apartments offered for sale. The increased supply may actually lead to a fall in prices. Property owners will eventually be forced to lower prices if they want to sell their property.

Source: Sofia Echo

Bulgarian Real Estate Blog

Welcome to the Bulgarian Real Estate Blog, offering the latest information on the rapidly growing Bulgarian property sector for international investors

email us 

RSS & email Newletter Subscriptions

My Yahoo

Subcribe now to our weekly email newsletter

Your email address:

Powered by FeedBlitz



Bulgaria Online Resources

Overseas Property Blogs

Overseas Property Legal Advice

Online News Resources for International Property

International Real Estate Directories

Foreign Exchange Providers

Overseas Property Finance

International Property Portals

Overseas Property Online Resources

International Property Agents


Powered by Blogger
and Blogger Templates