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Bulgarian Property & Real Estate News

Increased financing helps the Bulgarian property market

The small increase in Bulgaria’s real estate market has been accompanied by an improvement in mortgage financing according to several banks active in the Bulgarian property loan sector.

This trend has been encouraged by the stabilizing of Bulgarian property prices, which have already reached a floor. Buyers are now ready to buy and see good value in the market.

Property prices reduced just 1.5% between July and September in quarterly terms and are starting to level out. The lower rates of interest on financing and mortgages is also helping to support the market.  Statistics from UniCredit Bulbank show that the Bulgarian property market is recovering the increased numbers of sales are being completed. They show that the recovery is beginning first in the luxury sector which has a smaller supply of property.

If you are looking for Bulgarian real estate or off plan property in Borovets look no further than Concept Bulgaria.
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