Segments of the elite properties will be recovered first from the crisis because of the high quality of properties and intransient value of these properties offer - location, quality, prestige.
The market in Sofia will be restored first, followed by Varna and other cities. Definitely there is a hunger for quality housing and offices and found that the transactions will resume more sensitive to the early summer of 2010, locked by the agency for elite real estate.
By the end of 2009 is expecting a slight increase in the number of successful sales in response to positive news from the U.S. and Western Europe for out of economic crisis. Moreover, peace is back among investors and capital markets are even a month in a row on the rise. Expect stability in the prices of luxury properties.
By the end of 2009 by the agency expects a slight increase in the number of successful sales in response to positive news from the U.S. and Western Europe out of economic crisis. Moreover, calmness is back among investors and even the capital markets are in a row on the rise. Expect stability in the prices of luxury properties.
Whit calming of the property market and news about stability in the economy we expect the stress of the property market and to move buyers and sellers to return.
There are indications that banks already have enough resources and gradually returned to the granting of mortgage loans. What is needed is a new balance in the market and now everything works in this direction. Demand and supply will eventually meet again and deals will start to conclude.