Property in the ski resorts – on focus again

As the leak of Russian clients in the Bulgarian seaside real estate market is still a problem in the sector, the situation in the winter resorts market is optimistic. For example, accordingly to the same period in 2014, the property sales in the ski resort Pamporovo in the first three months of 2015 are doubled.

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Interesting fact is, that in this period 95 % of the clients are Bulgarians, as in the last year they were Russians and British. Bulgarian clients are more interested in properties in Borovetz too, where the level of deals is similar to the last year’s.

On the seaside, Russians continue to buy properties in Sozopol, Lozenetz and Burgas. In the city of Varna can be seen growing interests by clients from Italy, Belgium, Kuwait and many Bulgarians too.

For village properties most wanted are the provinces of Veliko Tarnovo and Stara Zagora. The average rate of one village house in Bulgaria is the same as the last year: 18 000 EUR.

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2014 – The buyer’s year

2014 was the best year in the real estate market since the beginning of the crisis. The market followed new wave of development, the discount of the rates stopped and many buyers returned in the market.

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More and more buyers look at the property deal as a stable and sure investment. The moment is very good for the clients, as the property rates are on the level that was 10 years ago.

In Sofia the most wanted are two and three bedroom flats, and the clients insist central heating.

In 2014 the rates in Bansko continued to fall. The average rate of a flat in Bansko in 2014 is 20 100 EUR, and this is the lowest level ever. This makes the properties in Bansko available for Bulgarian clients too.

The average rate of the flats in Sunny beach is 582 EUR per square meter and there is no change accordingly to 2013 (580 EUR per square meter).

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Growing rates in East Europe

Most of the real estate markets in East Europe leave the crisis behind. The rates and rents of all sector in the industry in Bulgaria and Hungary are expected to grow in the next 12 months.

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The real estate rates in Czech Republic are expected to grow too, but the expectation for the renting rates are not clear in all sectors. In Romania is expected slowing of the selling rates growth and decline of the renting rates.

The four countries have quite different economics, but the expectations are for economical growth in the next one year. This does not include Bulgaria because of the unstable political situation and bank sector.

The searching grows in all sectors in Bulgaria, Hungary and Romania, especially for offices in Bulgaria and for trade spaces in Hungary.

In Bulgaria and Hungary is expected growing of the renting rates in the office, industrial and trade sectors in the next 12 months. In Czech Republic the prognosis in this sector is for decline.

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