Mitte Realty

Your Realty Developer

European Investment Properties

by Brianna - September 1st, 2016.
Filed under: News. Tagged as: , .

As in all countries, the economy's decline was in the 8-9 years of the first decade of the 21st century. However, if the mark in general, the results did not eliminate the Bulgarians now. Despite the strong economic growth last year, the quantities of all did not rise to a successful 2007 '. Reasons for this are many, many of them on you will learn in other articles. Let's talk exclusively about the major trends in real estate in Bulgaria on the sea. Noticeable decrease in prices Bulgarian real estate reached in mid-2009, then they stopped, but up till now have not started their pre-crisis growth. This is due mainly to the fact that the main buyers of property in Bulgaria on the sea feel financially not very well. All this applies both to the British, Germans and French, and until recently a Russian.

However, this is not the only reason. Properties in Bulgaria on the sea fell significantly less than real estate somewhere in England or Spain. Throughout the country, its level dropped by 12%. But it should be noted in various parts of it could be seen differently. If the capital and in the inland areas, where the main buyers were themselves Bulgarians, the decline was more than fifteen percent, in resort areas in the mountains and the sea, it was less than 10%. In addition, a number of areas at all prices marked time. It's basically the most fashionable resorts such as Golden Sands and Sunny Beach.

Of course, selling virtually ceased, but so were stable and prices. Moreover, the price of real estate in Bulgaria on the sea has not changed and also the maximum promising areas. Most notably this relates to the region of Varna and to the north. For example, in a place with both. Osenovo (fifteen miles north of Varna), real estate prices even went up to 1-2%. Based on these data, we can to predict possible growth centers. According to experts, the cost of real estate in Bulgaria on the sea fully recover this year. After that, they expect a rapid resumption of growth. Presumably it will be ten to fifteen percent per year throughout the second decade of the 21st century. And this is not surprising because, compared with the real estate even in neighboring Romania and Hungary, it still significantly undervalued. If from 2000 to 2006. Basic buyers of real estate in Bulgaria on the sea were the Germans, British, Austrians and 'other Swedes ", and in 2007-2008. They were mostly Russian, but now the balance has leveled off, there is no advantage in a particular geographical direction. "We expect that in the next 2-3 years our main customers are British, Germans and Russian. In the second half of 2010, we entered into almost the same number of contracts with both. At the same time we notice a significant increase in quality requirements for structure, size and design, "- said in a recent interview for Radio Bulgaria Pehlivanov Nicholas, executive director of one of the leading Bulgarian companies to build holiday villages.

Comments are closed.