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| Bulgaria set for real estate price rebound | ||
Bulgarian real estate is preparing itself for a resurgence, with analysts predicting that bargain prices, good supply and better credit conditions will all help to bolster the market's chances.Leading the country's recovery will be its capital city, Sofia, says Tatyana Emilova, manager at Colliers International Bulgaria. According to the company's most recent research paper, falling prices and flexibility on the side of developers is helping to boost the demand for real estate. The company claims that prices are now near the bottom of the market and investors are likely to be attracted to property in the European destination. "In general, buyers are very well informed now and have become much more demanding and selective when it comes to choosing their home," Ms Emilova explained. "They are seeking an optimal balance between price and quality, and environment and neighbourhood is also important." Online property and lifestyle magazine Quest Bulgaria recently stated that the property market in the country currently favoured the buyer thanks to its low prices. |
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| Friday, Aug 20, 2010 | ||
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