The quick trades in Bulgaria – reality, not a myth

One of the symptoms of the crisis slowly but surely disappears. It's about the time of the announcement of a given property for sale to the confession of the deal before a notary.

Standing by half, one, even two years on the market, was common place. Initially was explained with the shock of a sharp fall in housing prices. Then with abeyance position of buyers, who wanted to see how long and how much will fall down property prices.

In the summer of 2013, the trend began to change. Some analysts define it as "the summer of rapid transactions." According to data of the Agency "Address" 25% of the trades were for homes stayed on the market less than a month. 21% of the properties for sale were able to find their new owner within one to three months after the property has been declared for sale. Only 10% of transactions were concluded with properties searched its new owner more than a year.

The prolonged stay of a property is usually the result of a lack of preparedness at the seller to back down on the price, taking account of the market situation. The long stay, however, can become a problem when buyers see that a property is on the market continuously, often begin to think that there is a problem with this property. Therefore, if you want to sell your property, you need to offer a reasonable price and be ready for negotiations.

"In the majority of cases this rule is on - sell quickly, within 1 to 3 months, or not selling at all, "said Georgi Pavlov, the director of "Address" company.

Why do we observe such a change. According to analysts, the reason is that many owners already are well oriented in the market environment and offer properties at reasonable prices. In some areas since the beginning of the year could be seen a slight rise in prices, which makes part of the customers to get ahead of schedule with the purchase.