Monday, 26 January 2009

A Price Hike in Bulgarian Real Estate Prices - Huh!

This I feel is just a stunt by Real Estate business sharks to get customers’ confidence back into the Bulgarian Real Estate Market, which has died over the last 18 months.

We have been following the prices here in Yambol in particular over this last year prices have dropped substantially, not increased by 30% as reported. I just don’t believe anything Real Estate Business say. This has been the case for a number of years over here now.
A survey of Bulgarian Properties revealed that last year property transactions were struck at 26% higher prices on average than in the previous year. The company’s operating manager, Polina Stoikova, explained prices were rising by October and the slid 15-20% from the early months of the year as buyers opted for higher-class properties.

According to NSI, flat prices in Sofia jumped the highest, gaining almost 47.8% last year. In Lovech, Pleven, Plovdiv, Rousse and Yambol prices rose around 30%.