Experts predict that in the second half of 2010 the situation on the Bulgarian real estate market has stabilized, and the lead in this regard will be the market of Sofia. Restoration of the Bulgarian market should promote the introduction of contractual prices, a wide range of properties and more favorable credit conditions, analysts said. According to the Bulgarian branch manager said Colliers International, Tatiana Emilova probably the fastest out of the market stagnation the capital, Sofia. As recent research company, in the first three months of this year property prices have fallen by only 3% in the country, and the market began to recover gradually. The economic crisis has affected the real estate market in all regions of Bulgaria, as in Sofia the average annual price decline was 20%, according to Colliers. However, in autumn 2009, after the first few months of calm, thanks to the availability of mortgage lending and a drop in interest rates started to increase demand for housing. Colliers Experts believe that this year the number of construction projects will be launched and in the second half of the year to stabilize property prices. "In the second half of 2010 can be expected to normalize the market, as will increase the pace of bank financing, as well as the demand will grow. The most active buyers will continue to be those who are really in need of new properties and are able to buy it. Developers will continue to be placed on their goods competitive price and take other measures to meet the demands of customers. If the economic situation in the country stabilizes, then the full market recovery will take 12 to 18 months, "- said Tatiana Emilova. On this Site www.propertywire.com
Colliers experts forecast stablizatsiyu on the Bulgarian real estate market
21.05.2010
Homesoverseas.ru editorial office
59
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