The Real Estate Market In Bulgaria To Get Better. Transaction Volume Are Seeing An Increase.


Purchasing and selling of real estate in Bulgaria rose by 53% in 2013 compared to the last year. This yearly statement from the brokerage estate Imoti2000 LLC. Information on purchases confirmed in the past year recorded more average rise of 43% of homes marketed in Sofia, Varna, Burgas, Stara Zagora, the several chosen by buyers were two bedroom apartments. As outlined by specialists, these signals are an assured indication that the real estate market in the country stabilizes.

If you are a married couple purchasing a house together, you will normally be combined tenants. This means that you both hold the whole of the property and if one expires the other automatically inherits.

As stated by the details, made by an international brokerage company IMOTI2000 LLC, 2013 is characterised by the maximum number of purchases for the past four years. Bulgaria in addition revealed positive results after just last year by approximately 50 percent higher real estate transactions. As stated by the manager of the brokerage company Dinka Elenska property market in the country is growing.

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" Particularly over the past six months of 2013 have experienced a strong pattern of increasing demand. Potential buyers started to become bolder, to consider faster choosing decisions. Right now this may not lead to higher costs, since we already had growing supply of real estates for sale, "she stated.

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Chief executive officer Valentin Rudev added in that for the last 5 years the real estate turmoil has resulted in a sharp decrease in new buildings across Europe. Nevertheless, it is very clear that the rise in housing demand would revitalize it as well as construction.

So how are commercial properties being purchased, sold, being hired? What's the most convenient way to get commercial real-estate, and who you need to help you in carrying out an acquisition?

"The prices were very low, continued to fall which stopped many entrepreneurs to notice new projects. Now attraction for buying home in Bulgaria will likely regain this market again," said Rudev.

Real-estate is actually a good field to get trained in, as it offers greater opportunities than any other type of investments. When a purchaser is planning to invest in real-estate, one of the very first things he or she does, is to recruit the help of a real-estate broker or agent.

The report produced suggests that the Bulgarians are mostly oriented to two-bedroom apartments in Bulgaria. In the capital this kind of housing running around € 46,000, while in Varna, Burgas, Stara Zagora - between 42 000 and 49 000.

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