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Intensified 2014 real estate market activity in Bulgaria


 
                                  

 The first months of 2014 showed promising high property market activity trend amounting to up to 15 % more sales in comparison with this very period previous year, recent data disclose. This denotes truly steady tendency that is likely to continue.
  
The Bulgarian region where the hugest number of property sales is the capital city of Sofia. According to a new survey, apartments in the residential areas of Vitosha and Mladost are characterized by rising luxury property sales. They are being sold at prices varying from EUR 600 and 750 per square meter which is exactly like the value in 2013, statistical figures reveal. Consumers are inclined to acquire a Bulgarian apartment at a price of more than EUR 50 000 or even at EUR 120 000.   
 The expectations of an Executive Director turned out to be real – he asserted that high property market stability together with low deposit interest rates would be the key factors to revive the real estate demand. This is likely to be under control and there is no considerable risk. People with sufficient savings would be those to make investments and to benefit from the interest rates drop.
 Property demand has jumped up to 30 % during the last three months of 2014. Not only apartments, but also houses within the territory of the cosmopolitan Bulgarian capital city of Sofia keep being looked for. A positive prediction is that high property market activity like this remains unaltered at least till the end of the current year.




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