02 November 2005

Bulgaria's property sales rocket

This year is expected to be the most successful yet for real estate sales on the Bulgaria property market.
For the first nine months of 2005 208 000 real estate sales were concluded. The number was 196 000 for the entire of 2004. Most real estate agencies experience increased interest toward their offers at the end of the year. Thus, sales are expected to intensify further. If the same transaction rate is maintained, the number of concluded deals will exceed 250 000 in December.

More than 100 000 property sales were finalised for the first time in 1996. Unfortunately a period of economic crisis and hyper-inflation followed, which did not allow for a fast recovery of the market. An all-time low occurred in 1998 when the number of deals was only 65 179.

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