The real estate market in Bulgaria continues to grow
"In Bulgaria there is strong growth in the real estate market in Bulgaria, but it is still too early to talk about boom. After the bankruptcy of KTB and payment of state-guaranteed deposits began a steady rise in property prices, which accelerated in 2015 and more in 2016," – said on Bloomberg TV Mongolia Agency Manager real estate Kaloyan Bogdanov, tells the portal "Russian Bulgaria".
According to Bogdanov, the most popular among buyers are two and three bedroom apartments, which occupy 80-90% of the Bulgarian real estate market. The main engine of the market have become low-interest loans, which in 2014 has declined from 7-8% to 4% this year.
Bogdanov noted that Sofia is of great importance began to play the improved infrastructure and the extension of the metro. The expert said that the fastest real estate transactions take place in Sofia but also in other major cities of the country, the market remains quite active.
According to Bogdanov, an increasing number of property investors. "In 2014, the real estate invested 3-4% of all customers in 2015 – 10-12%, and currently about 20%. Real estate investors from renting this can obtain from 4 to 8% and rates increase smoothly at 5-7-10% per year, 1-2 years will bring investors additional income", – explained the expert.
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