The real estate market in Bulgaria boasted an increase in transactions in major cities in Q1 2015. Metropolitan housing in Sofia was sold more active by 26.6% compared to Q1 2014, and Sliven showed the highest growth among the other Bulgarian cities (+25.14% y-o-y).
The highest growth was recorded in Sliven and Sofia
According to the newsbg.ru portal, the number of transactions has increased significantly in Plovdiv (+14.33% in annual terms), Pleven (13.79%) and Varna (11.18%). Burgas showed minimal growth (approx. 0.80%).
A price stabilization and a reduction of interest rates on deposits and mortgage have contributed to the positive dynamics. The growth is believed to be proceeded, and property prices in Bulgaria – to remain stable.
