From April to June 2015 in Bulgaria were registered 58 149 transactions for the purchase of real estate, which is 15% more than in the first quarter, and 13% more than in the same period of the last year. Totally in the first half of 2015 were registered 108 614 transactions, which is 11% higher than the same period of 2014.
The leader in deals quantity is Sofia: (28% growth for the first half of 2015). Next come Plovdiv with 19%, Varna – 8.5% and the Burgas – 5%.
One of the reasons of growth experts call the efficient mortgage program: for the first half of 2015, the number of mortgage loans in Bulgaria has increased by 42%.
Russian trace
Amid a general increase of interest in Bulgarian real estate, the number of transactions with participation of Russian buyers is decreasing rapidly. Traditionally popular among Russians Nessebar, Sunny beach, Balchik and Kavarna are now in the forefront of sales (from 5 to 25% decrease depending on the region). Burgas and Varna, two most "Prorussian" resorts are still the exception.
According to statistics, in the first quarter of 2015 the number of transactions with Russian buyers has decreased almost twice. From January to March the number of new owners of Bulgarian property, mostly from Moscow and St. Petersburg dropped to 780 people, for the same period last year they were 1 607.
While there is no increase in the number oа sold ин Russians real estate - according to market experts, Russian buyers mainly buy properties not as an investment, but for themselves.
The price increase
In the first quarter of 2015, the prices of Bulgarian real estate rose by 2.2% yoy and by 0.5% in comparison with last quarter of 2014. In the lead – Sofia (annual growth of 6-7% to €720 per sq. m.), Plovdiv (3.3% to €505 per sq. m.), Varna (3.4% to €695 per sq. m.) and Burgas (4.5% to €510 per sq. m.)
The average property price in the EU rose by 2.5% yoy and 0.6% relative to the fourth quarter of 2014.
The largest price increase was observed in Ireland (+16.8%), Sweden (+11.6%), Hungary (+9.7%) and the UK (+8.5%), and the biggest decrease is in Latvia (-5.8%), Italy (-3.3%), France (-1.6%) and Slovenia (-1.4%).
According to the materials of newsbg.ru
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