The impact in of the global financial downturn has generated a positive effect in the Bulgarian property market. The mass withdrawal from monetary investments and share dealings, together with rising inflation rates are turning the luxury property segment in Bulgaria into a preferred investment strategy.
According to David Livingstone, CEO of MovetoBG.com, more and more Bulgarians between the age of 30 and 45, with influence in the community and the business sector, are the main buyers of luxurious real estate.
"Across the board, including the luxury sector .." he said ".. property prices are at their lowest level for more than three years and this is no longer the key factor in a buyer's purchase decision - in fact, the most important issue for today's buyers is the location of the property"
In Sofia, the preferred purchases are houses and apartments in the Doctors' Garden area and in the quarters of Boyana and Dragalevtsi. Along with the location, buyers also consider: the size and floor-space, the design and quality of building and the interior finish, the maintenance of the property, the neighbours, the environment and the infrastructure in the area.
At present there is a wide choice of luxury properties and clients can benefit from the market situation by negotiating a better price - or by raising their purchase plans to a larger property or a house instead of an apartment.
The main buyers of luxury properties are still Bulgarians living and working in the cities. However, the lower prices and the wide choice of elite real estate is also widening the options for potential overseas buyers.
According to David Livingstone, CEO of MovetoBG.com, more and more Bulgarians between the age of 30 and 45, with influence in the community and the business sector, are the main buyers of luxurious real estate.
"Across the board, including the luxury sector .." he said ".. property prices are at their lowest level for more than three years and this is no longer the key factor in a buyer's purchase decision - in fact, the most important issue for today's buyers is the location of the property"
In Sofia, the preferred purchases are houses and apartments in the Doctors' Garden area and in the quarters of Boyana and Dragalevtsi. Along with the location, buyers also consider: the size and floor-space, the design and quality of building and the interior finish, the maintenance of the property, the neighbours, the environment and the infrastructure in the area.
At present there is a wide choice of luxury properties and clients can benefit from the market situation by negotiating a better price - or by raising their purchase plans to a larger property or a house instead of an apartment.
The main buyers of luxury properties are still Bulgarians living and working in the cities. However, the lower prices and the wide choice of elite real estate is also widening the options for potential overseas buyers.
Read more on our websites ...
MovetoBG.com - and Twitter @MovetoBG
Bulgaria Gateway - and Twitter @BulgariaGateway
Property Partners BG - and Twitter @PropertyPtnrsBG - or on Facebook
MakeYourMoneyGoFurther - and Twitter @MoneyGo Further - or on Facebook
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