Bulgarian Properties
Home Company Services Properties Bulgaria Bulgarian Regions Contact us Български Руский


Demand for residential real estate in Sofia not yet at satiation point

Property agencies expect the upward trendency of house prices in Bulgaria to continue in 2008, albeit at a slower step,Kapital Weekly announses. The largest residential real estate market, Sofia, will not reach saturation point soon.
"I believe that price growth will slow down, but there is no chance of prices dropping because the market is still in a desperate need of homes," told Blagovest Baldev from Adaptconsult agency, as quoted by Kapital. Baldev anticipated prices to rise by 10-15% this year. The biggest price increases are expected for residential units in suburban areas, particularly those of higher quality, while panel apartments' prices will slow.
At the same time, customer requirements for residential real estates remain as before. Most customers purchse with investment purpose, prizing good situation as the most important factor. Small apartments are preferred despite the price grow.
But in the coming years, the growth supply of large scale projects will dictate market tendenci Investors' interest has already turned towards marginal areas developments, satellite villages and gated complexes. Building quality will become a major factor for clients, Kapital weekly concludes.


Back to news