The Bulgarian real estate business is probably at it’s worst
Posted on September 22nd, 2009 in Real estate news | No Comments »
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 market, especially in popular destinations like Bansko. Despite that, it can turn out that the crediting crisis has been beneficial to the estate market in Bulgaria, because it created a new type of investors – informed people that make their own researches and find the destinations that suit them best, instead of following the mass of buyers in the predetermined “popular regions”.
Because of that, the public won’t say that Bulgaria is a bad destination because of the saturation of the market. They will say: Yes, Bansko really seems a bit crowded and this makes prices cheaper, but let’s look around and find the next Bansko ourselves. Maybe the region has never been popular before, but the stable level of demand will sustain good remuneration from rent and will guarantee growth in a longer term.
Leave a Reply
You must be logged in to post a comment.
