Bulgaria’s property market is picking up and there has been a slight price growth over the last three months, according to leading companies in the sector.
Experts state that the price hike may continue but it will not be drastic.An increase in real estate prices was reported in March for the first time this year. The highest demand is for one- or two-bedroom homes, she added.
“The money Bulgarians invest in houses range between BGN 30,000 and BGN 50,000, these are the most common transactions. They are mainly financed with own funds, from the sale of another property or with a bank loan,” according to an expert from the real estate sector.
Asked whether the stirring of the market will lead to higher property prices, most experts said that currently there is a high supply and therefore prices remain stable. Specialists also added that domestic interest rates are among the highest.
The company, which has offices in most European countries and monitors the market in the United States and Turkey, reported that the domestic interest rates are among the highest, Darik news informs.
Source: www.novinite.com