Real estate agents account on a property sales growth in Bulgaria in 2014. According to latest data, prices turned out to climb by 2 % in the second quarter of 2014 and the prices in Sofia, the capital city, have been increasing for one year. Local agencies reveal that the Bulgarian property market is about to be out of the crisis.

Recent data of the National Statistic Institute inform that property prices in Q2 of 2014 were 2 % higher. This figure shows a considerable stabilization of the market and the share of the transactions are currently up to 17 %. This activity is primarily due to the overseas investment as the Russian investors tend to purchase more and more properties in Bulgaria. The Bulgarian cities of Plovdiv and Sofia account on an annual price increase of 4.38 % and 5.37 %.

The property market in Cyprus stabilized considerably in 2014 as sales increased all across the island. The prices of houses and flats in Cyprus decreased 1.4 % and 2.6 % in the first quarter of 2014 as buyers took advantage of affordable offers. The number of the registered transactions in May is 157 % year-on-year and the sales jumped up to 115 %. According to the Land Registry the shares of the sales in the first five months of this year are as follows: Nicosia (51 %), Famagusta (53 %) and Larnaca (10 %). The sales in the town of Paphos dropped to 12 % but it is about to recover soon, local agents prognosticate.

 June was the most successful month in the summer season in Cyprus as the Limassol Marina opened. This is due to the fact that the expensive development has led to higher market confidence and real estate demand. With its affordable properties, the island keeps attracting more and more local and foreign investors.

 One key factor for the recovery are the incentives by the government concerning the obtaining a permanent residence permit or the issuing of passports to non-EU citizens together with the purchase of a property. Except for residential properties, buyers keep looking for offices and other facilities. In June, property sales revived as the city of Limassol holds the first position with a share of 137 % followed by Larnaca (110 %) and the capital city of Nicosia (19 %). The number of overseas property sales continues to rise up to 15 % annually.