Bulgarian capital Sofia's real estate market seems to have recovered from the crisis, as it has grown four times more quickly than in its worst period, according to an analysis from Bulgarian Real Estate company, Address.
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Prices are stable in Sofia, according to the company, with properties valued under Euro 50000 the most sought after among buyers. But even though 45% of all buyers are looking for properties below Euro 50000, deals worth more than Euro 100000 are not so rare as they used to be.
Address Real Estate says that two-bedroom apartments are the most sought after type of property in the Bulgarian capital and buyers are now more inclined to complete deals more quickly within 1 to 3 months on average.
Most property buyers in Sofia are employed in the economic sectors that have remained relatively unaffected by the crisis, including the food, medical and education industries as well as in state administration.
Address Real Estate says that two-bedroom apartments are the most sought after type of property in the Bulgarian capital and buyers are now more inclined to complete deals more quickly within 1 to 3 months on average.
Most property buyers in Sofia are employed in the economic sectors that have remained relatively unaffected by the crisis, including the food, medical and education industries as well as in state administration.
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Time to Buy in Bulgaria's Recovering Property Market
Bulgaria Gateway Property Market Analysis - Q1 2011
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