“Forewarned is forearmed”. This statement is suitable for majority fields in business area and for real estate market too. Where is planning price rising and where is reducing and why, market of what country choose, in what invest your money – long-term or short-term perspectives? To find the answers for all of this questions more easer when you keep a clear line of sight, what a real estate development for the coming year, experts predict…
Bulgaria is European country and a big amount of foreign investment give an incentive for permanent development in all activity fields. A considerable share of investments directed to the real estate sector, what in turn give a good prospect.
According to prediction – real estate market of Bulgaria will be rising in 2016. Unstable economic and political situation in Ukraine, conflict situation in Turkey ad Egypt play into the hands for Bulgaria. All this events induce interest among the citizen of these countries to the fallback maneuvers. Costumers of building company more often account a proposition for year-round stay, if so that in case of aggravation of the situation in the country could safely take the suitcase and leave.
An interest of Russian side is rising, Poles and Ukrainian step on them toes. On the real estate market returned buyers from Britain. Cut deals with citizen of Israel, Greece, Germany and Romania. Such a flow of stakeholders pushing the major developers in the sales increase and the rise in real estate prices. Such prospect refer to some big cities as Sofia, Burgas, Varna. At the same time, the proposed facilities at ski resorts will not be ignored. Bulgarian and foreign buyers are interested in it. The demand and interest in real estate on the coast will stay on the high level.
All is palpable interest in the acquisition of property in order to preserve their capital. Interest in the Bulgarian real estate market is growing not only by local, but also foreign citizen. For today noticeable appearing of new big investors. The main part of the purchase of real estate transactions in the “Solar Palmyra» held with international participation. Based on data collected over the last few months of last year, some of the funds asset management began to consider Bulgaria as a “platform” for a number of major transactions. We expect that the confidence of foreign investors in Bulgaria will increase by several times, and thus increase the amount of capital invested, not only in 2016 but in subsequent years as well.
Summing up, we can conclude – the real estate market is versatile. Assessing the buyer – the positive trends in the face: growth in the number of construction companies; increase choice and demand for construction projects; increase the level of service, quality built; reduce the cost of square meters; increase the availability of mortgage lending. These trends give hope for the launch of affordable and safe housing arrangements in the near future.