Rural estates in Bulgaria – over 50% cheaper in 2009
According to data of “Bulgarian Properties” based on the number of concluded deals in the entire country, the rural estates in Bulgaria are 53% cheaper in 2009 compared to the same period in 2008. For the first time in years, the estate prices have been lowering since the beginning of 2009, says Polina Stoikova – chief executive of the company. Up until last year, rural estates have been steadily growing in price, marking a 24% growth in 2008 compared to 2007, even though the number of deals has been almost halved. The analysis of “Bulgarian Properties” for 2009 shows that by the end of March 2009, the decrease of the average prices of r

The Bulgarian real estate business is probably at it’s worst
The latest reports claim that the Bulgarian real estate market is probably at it’s worst, since the drop of prices that began early this year is slowing down during the second quarter. It’s very probable that the prices of real estates in Bulgaria will stabilize or even grow in the near future, according to the experts from the real estate web portal property-abroad.com. The reason is the once again growing interest in real estates. Soon the country might turn into a favorite for both buyers and investors, because the estates were cheap to begin with and the crisis decreased the prices even further. Of course, Bulgaria still faces the issues of a saturated marke

The demand for renting luxurious apartments in Bulgaria resists the crisis
The Bulgarian economy is enduring a difficult period, and less foreigners are choosing to settle in Sofia. This tendency however is compensated by the increasing number of business representatives in the country. According to Peter Dyakov, chief executive of the estate company “Cleves”, the businessmen rent luxurious apartments. Many Bulgarians are coming back from abroad and the number of diplomats remains unchanged. Despite the market environment, the demand for apartments is at the same level. Today the company opened 15 new apartments in the district Boyana as part of their latest project – Cleves Edelweiss. The investment was over three million EUR.