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Analysis of the real estate market in Bulgaria
During the second half of 2010 the real estate market in Bulgaria became stable, and there are no abrupt changes upwards or downwards.
The stir on the real estate market in November and December is already a fact, is the brokers' comment. The banks are also starting to actively intervene on the market, which is a prerequisite for a stir on the real estate market at the end of the year.
The innovation and competitive projects with a good location and quality performance will be the winners. The clients are already buying not only mere square footage from residential premises or an office, they are buying surrounding environment and infrastructure. All these components create the high quality product, which is material for the liquidity of the particular real estate in Bulgaria.
A differentiation of the different types of properties is also noticeable; there are people who seek to purchase cheap property in Bulgaria, but there are people who seek to purchase quality property for a long-term residence in Bulgaria
At the end of 2010 the real estate market analysis in Bulgaria shows that there is a stir and increase in the market of holiday apartments, which is due to the fact that a lot of foreigners continue to purchase property in Bulgaria - flats, houses, villas, by the sea as well as in the ski resorts.
The last summer season gave a good evaluation and a satisfactory result: Bulgaria continues to be one of the preferred destinations for Russian buyers, being well ahead of destinations such as Spain, Turkey and Montenegro, which are also preferred by the Russians. A novelty on the market for the past year has been the fact that a lot of Russian pensioners prefer to make Bulgaria their home, where they can spend the late years of their lives. Foreign investors who seek to find property in Bulgaria purchase in the holiday villages as well as plots for industrial purposes by the sea.
2010 was characterized with a great increase in the number of foreign companies that opened businesses in Bulgaria, as well as with the advent of large entrepreneurs. This is indicative of a good trend on the real estate market in Bulgaria.