The Bulgarian property market has improved since the beginning of the year, says Polina Stoykova, CEO of leading real estate agency Bulgarian Properties.
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The increase in real estate sales is attributed to a combination of falling prices that have attracted investors and continuing growth in Bulgaria's economy as a whole.
Ms Stoykova went on to state that Sofia and destinations along the coast of the Black Sea are the most popular locations for real estate transactions, accounting for 40 per cent of the total volume of sales in the nation between January and June.
Similarly, data from Bulgaria's Registry Agency recorded a 27 per cent rise in the number of property deals carried out in the first half of the year, compared with the same six months in 2010, with the country's four largest cities - Sofia, Plovdiv, Varna and Bourgas, also displaying increases.
"This is a confirmed positive sign for the maket .." said David Livingstone, CEO of MovetoBG.com ".. and it backs up our forecasts that this will be the year of recovery". Endorsing this view, Curtis Coward, CEO of the Arceland Asset Management Fund, told the Sofia News Agency that he anticipates real estate values in Bulgaria to now rise steadily and at a sustainable rate.
Ms Stoykova went on to state that Sofia and destinations along the coast of the Black Sea are the most popular locations for real estate transactions, accounting for 40 per cent of the total volume of sales in the nation between January and June.
Similarly, data from Bulgaria's Registry Agency recorded a 27 per cent rise in the number of property deals carried out in the first half of the year, compared with the same six months in 2010, with the country's four largest cities - Sofia, Plovdiv, Varna and Bourgas, also displaying increases.
"This is a confirmed positive sign for the maket .." said David Livingstone, CEO of MovetoBG.com ".. and it backs up our forecasts that this will be the year of recovery". Endorsing this view, Curtis Coward, CEO of the Arceland Asset Management Fund, told the Sofia News Agency that he anticipates real estate values in Bulgaria to now rise steadily and at a sustainable rate.
Related articles:
Bulgarian Property Prices Reach Their Baseline
Time to Buy in Bulgaria's Recovering Property Market
Experts Agree that Property Market has Bottomed Out
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