Property prices in Bulgaria have begun to stabilize

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After a period of stagnation on the real estate market, a serious stir is again being observed. The tendency has been active for the last few months and is visible in both cities and towns. In the area of the Black Sea coast the number of transactions has increased significantly. The demand is mainly for holiday properties and residential premises in Bulgaria, and there is interest towards offices and business premises.
The main factors for the stir on the real estate market in Bulgaria are several. For one, there is significant influence on the part of Russian citizens towards real property in Bulgaria, and then there is the collapse of the euro. People fear that the prices of real property will go up again, as it is already happening in many European cities, such as Brussels and Vienna. According to specialists from Bulgaria and Europe, the best investment during a crisis is in quality property with a good location, and not hoarding money. At present property prices in Bulgaria are real, and now is the time to purchase residential premises -this is the brokers' advice. New construction has fallen to 30%, and with concrete blocks of flats - to 50%; there is a significant drop with plots by the sea. Rural houses and villas in Bulgaria enjoy interest by prospective buyers and come at very reasonable prices.